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Spending on research and development in the Chinese Internet sector recorded strong growth this year

2022-12-04T08:20:22.337Z

BEIJING, SANA- Results of Chinese official data showed that spending on research and development in the Chinese Internet sector recorded n



beijing-sana

The results of Chinese official data showed that spending on research and development in the Chinese Internet sector recorded strong growth during the first ten months of this year.

According to data issued by the Ministry of Industry and Information Technology, according to Xinhua today, between January and October, major Internet companies spent 63.67 billion yuan (about 9.03 billion US dollars) on research and development, an increase of 10.4 percent year on year, which is the pace Growth is 1.6 percentage points faster than the figure recorded in the first three quarters of this year.

According to the data, the combined revenue of major Internet companies and related service companies reached 1.22 trillion yuan, down 0.8 percent year on year, but the decline decreased by 0.1 percentage point from the first three quarters.

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Source: sena

All business articles on 2022-12-04

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