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The total business turnover of the top 100 Chinese Internet companies increased by 50.6% in 2017, thus greatly contributing to stimulate Chinese economic growth
The report jointly released by the Center of Information from the Ministry of Industry and Information. Company profits rose 82.6% year on year to 270.71 billion yuan last year, with 83 of them making profits and 11 companies looking for margins of more than 40%. Alibaba and Tasnet contributed more than a quarter of total revenues and nearly 60% of profits.
The list includes other big names, including Baidu, Jingdong, NetEase and Sina. (Db)
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