Chinese Internet Companies Collected Income of $222.57 Billion Jan-Nov 2021, a YoY Increase 22.3%

Chinese Internet Companies Collected Income of $222.57 Billion Jan-Nov 2021, a YoY Increase 22.3%

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( Source: Project Asia)

According to a report launched by China’s Ministry of Market and Infotech (MIIT) on Friday, from January to November in 2021, the nation’s web and associated service business with yearly sales income above 5 million yuan together finished organization earnings of 1,4155 billion yuan ($22257 billion), a boost of 22.3%year-on-year, and the development rate visited 1.1%from that of January to October. The typical development rate is 17.5%over the previous 2 years.

Functional earnings and expenses have actually increased while the development rate decreased a bit.

From January to November of this year, Chinese web business accomplished operating revenue of 128 billion yuan, up 14.8%year-on-year, and the development rate stopped by 6.5%from that of January to October. Running expenses increased by 17.3%year-on-year, and the development rate stopped by 3.6%from that of January to October.

The R&D expenditures of these business have actually increased gradually. From January to November, web business invested 67.01 billion yuan in R&D, up 5.6%year-on-year, and the development rate was 3%greater than that from that of January to October.

Earnings from details services continues to grow, amidst impressive development of audio and video services.

From January to November, web business finished an overall of 761.8 billion yuan in info service income, a year-on-year boost of 17.6%. The matching development rate increased by 0.1%compared to that of January to October. This represented 53.8%of web organization earnings.

Amongst them, audio and video service business preserved fast development. Other locations that experienced considerable development were online video gaming business, along with news and material service business. Compared to the development rate of January to October, the development rate of organization earnings of business generally supplying search services decreased.

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Web platforms’ profits proliferated, while development rates decreased.

From January to November, web business attained platform service income of 519.1 billion yuan, a year-on-year boost of 34.8%, and the development rate come by 3.2%from that of January to October. This represented 36.7%of web organization profits, up 3.1%year-on-year.

Amongst them, the development rate of organization earnings of way of life services platform business rebounded from January to October. The income from online shopping platforms and the arrangement of making service platforms grew at a low speed, while web information services continued to establish quickly.

From January to November, web business finished online service gain access to earnings of 40.3 billion yuan, a year-on-year boost of 3.9%. The development rate increased by 0.5%compared to that of January to October. The profits from web information services (consisting of cloud services and huge information services) reached 24.15 billion yuan, up 28%year-on-year.

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