Internet service companies: in China a turnover of 956 billion yuan in 2018

04/02/2019

 

The publication of the data was made by the Ministry of Industry and Information Technology (MIIT)

 

An increase of 20.3% on an annual basis, this is the result of Chinese companies of Internet and related services that recorded a turnover of 956 billion yuan in 2018. Following the data released by the Ministry of Industry and Information Technology ( MIIT), last year, Chinese industry and related services have maintained rapid growth.

Growth is related primarily to a more general growth and expansion of technology. News like big data and cloud computing have witnessed a continuous expansion, thus creating new opportunities such as economy sharing, digital payment and cross-border e-commerce.

This growth, however, is also due to the investments made in research and, in particular, the industry has invested a total of 49 billion yuan in research and development last year, 19 percent more than in 2017.

 

By the end of December 2018, Chinese Chinese companies have distributed a total of 1.41 million servers

 

According to data, Chinese Internet enterprises have raised revenue for: 859.4 billion yuan by offering information services and 366.7 billion yuan from e-commerce platforms. Online games have grown 17.8 percent year on year.

Furthermore, the number of mobile Internet applications has also seen a steady growth. 420,000 new apps were launched in 2018, bringing the total to 4.49 million. The number of apps launched on third-party Chinese app stores was equal to 2.68 million, while those of Apple’s Apple App Store amounted to about 1.81 million.

 

 

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