Ministry of Industry and Information Technology: From January to May 2024, my country's regulated Internet companies achieved Internet business revenue of 686.1 billion yuan, a year-on-year increase of 5%

News from this site on June 30, according to official news from the Ministry of Industry and Information Technology, from January to May 2024, my country's Internet business revenue maintained a growth trend, the decline in total profits narrowed, and R&D funds achieved positive growth. This site summarizes the key data of my country's regulated Internet companies from January to May 2024 as follows: Overall operation situation Internet business revenue maintains a growth momentum. From January to May, my country's Internet and related service companies above designated size (hereinafter referred to as Internet companies) completed Internet business revenue of 686.1 billion yuan, a year-on-year increase of 5%, and the growth rate increased by 1.3 percentage points from January to April.

▲ The overall operation of my country’s Internet companies above designated size from January to April 2024 is for reference only (the same below) Profit From January to May, the operating costs of my country’s Internet companies above designated size increased by 2% year-on-year. Total profits were realized at 52.14 billion yuan, a year-on-year decrease of 12.8%. The decline was 6.9 percentage points narrower than that from January to April, and the decline in total profits narrowed.

R&D funding From January to May, my country’s Internet companies above designated size invested a total of 34.17 billion yuan in R&D funding, a year-on-year increase of 0.8%. The growth rate was 2 percentage points higher than that from January to April, and R&D funding achieved positive growth.

Operation situation by field
Information service field
From January to May, the Internet business revenue of enterprises focusing on information services (including news information, search, social networking, games, music videos, etc.) increased by 4.5% year-on-year, and the growth rate was relatively high It fell by 0.9 percentage points from January to April. The income of enterprises in this field is basically stable.
Life services sector
From January to May, the revenue of platform companies mainly providing life services, covering local life, car rental, tourism, financial services, automobiles, housing and other Internet business revenue increased by 3.9% year-on-year, and the growth rate was higher than that of the previous year. It fell by 2.1 percentage points from January to April. The revenue growth rate of enterprises in the field of life services has slowed down.
Online sales field
The revenue growth momentum of companies in this field has weakened. From January to May, the Internet business revenue of enterprises that mainly provide online sales services (including bulk commodities, agricultural and sideline products, comprehensive e-commerce, medical supplies, express delivery, etc.) increased by 3.3% year-on-year, and the growth rate dropped by 10.5 percentage points from January to April.
Operation situation by region
Internet business revenue in the central region maintained a high growth rate, while the revenue decline in the Northeast region decreased. The details are as follows:
From January to May, the eastern region completed Internet business revenue of 610.7 billion yuan, a year-on-year increase of 4.1%, lower than The national growth rate was 0.9 percentage points, accounting for 89% of the country's Internet business revenue. The central region completed Internet business revenue of 31.94 billion yuan, a year-on-year increase of 16.3%, which was 11.3 percentage points higher than the national growth rate. The western region completed Internet business revenue of 41.88 billion yuan, A year-on-year increase of 9.9%, 4.9 percentage points higher than the national growth rate
The Northeast region completed Internet business revenue of 1.62 billion yuan, a year-on-year decrease of 1.4%, lower than the national growth rate of 6.4 percentage points
From January to May, the Beijing-Tianjin-Hebei and Yangtze River Delta regions Internet business revenue maintained a steady growth rate. The details are as follows:
The Beijing-Tianjin-Hebei region completed Internet business revenue of 235.6 billion yuan, a year-on-year increase of 5.6%, accounting for 34.3% of the national Internet business revenue.
The Yangtze River Delta region completed Internet business revenue of 252.7 billion yuan, a year-on-year increase of 252.7 billion yuan. It grew by 2.3% and accounted for 36.9% of the country’s Internet business revenue.
From January to May, Internet business in more than half of the regions achieved positive growth, ranking among the top 5 in terms of cumulative Internet business revenue, with a total business revenue of 566.25 billion yuan, a year-on-year increase of 2.8%, accounting for 82.5% of the country's Internet business revenue (excluding cross-regional enterprises) %.
Beijing (up 5.1%)
Shanghai (up 0.3%)
Guangdong (up 6.5%)
Zhejiang (up 6.7%)
Tianjin (up 10.4%)
Provinces (autonomous regions and municipalities) that have achieved positive growth in Internet business revenue across the country There are 17, among which Gansu and Anhui have a growth rate of more than 40%, while Xinjiang, Tibet, and Jilin have a decrease of more than 30%.

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