China's major internet firms post robust H1 growth
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E-mail Xinhua, August 8, 2021
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China's major internet companies reported double-digit growth in business revenues and profits in the first half of the year, official data shows.
The business revenues of major internet companies totaled 695.1 billion yuan (about ￥107.56 billion) in the January-June period, up 25.6% year on year, according to the Ministry of Industry and Information Technology (MIIT).
During the period, the companies raked in 65.86 billion yuan in operating profits, climbing 27.4% from the same period a year earlier, MIIT data showed.
Spending on research and development in major internet companies maintained rapid growth during the period, up 13.9% year on year. The growth rate was 3.2 percentage points higher than the 2020 level.
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