China's internet sector R&D spending logs robust growth in Jan.
A staff member of China Electronic Technology Group Corporation (CETC) demonstrates a wearable exoskeleton robot during the Light of Internet Expo in Wuzhen, east China's Zhejiang Province, Nov. 8, 2022. (Xinhua/Jiang Han)
BEIJING, Dec. 4 (Xinhua) -- China's major internet enterprises saw their spending on research and development (R&D) resume a double-digit expansion in the first 10 months of 2022, official data showed.
During this period, R&D spending of these firms totaled 63.67 billion yuan (about 9.03 billion U.S. dollars), up 10.4 percent year on year, with a pace 1.6 percentage points faster than that recorded in the first three quarters, according to the Ministry of Industry and Information Technology.
The combined business revenue of major internet companies and related services companies edged down 0.8 percent year on year to 1.22 trillion yuan, but the decline narrowed 0.1 percentage points from the first three quarters, the data showed.
Specifically, business revenue of firms mainly providing online sales services soared 16.3 percent compared to one year earlier -- a pace 1 percentage point faster than the Jan.-Sept. period.
Major internet companies and related services companies are those with an annual business revenue of at least 20 million yuan. ■
Related articles
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
WASHINGTON (AP) — The Supreme Court on Monday declined, for now, to hear a challenge to a Maryland l2024-05-21Momofuku backs down from 'chile crunch' trademark war
NEW YORK (AP) — Momofuku, a food and restaurant brand started by food mogul David Chang, said it won2024-05-21Former chairman of China Everbright Group indicted for embezzlement, bribery
(Xinhua) 13:05, April 12, 2024BEIJING, April 12 (Xinhua) -- Tang Shuangning, former chairman of Chin2024-05-21- Four people have been arrested after a huge Oklahoma SWAT raid over the kidnapping and murder of a K2024-05-21
Who is Jacob Zuma, the former South African president disqualified from next week's election?
JOHANNESBURG (AP) — Former South African President Jacob Zuma was barred Monday from running for Par2024-05-21- (Xinhua) 14:24, September 21, 2023HANOI, Sept. 21 (Xinhua) -- An evening for Chinese traditional art2024-05-21
atest comment