Ministry of Industry and Information Technology: my country's Internet business revenue and total profit increased by 2.6% and 28% respectively year-on-year from January to August.

According to reports from the official public account of the Industry and Information Technology WeChat News Agency, as of August 2023, Internet business revenue has remained stable, total profits have grown rapidly, and the decline in R&D expenses has continued to narrow.

This site draws from an article by the Ministry of Industry and Information Technology It was learned that in terms of overall operation, Internet business revenue remained stable. From January to August, my country's Internet and related service enterprises above designated size completed Internet business revenue of 906.7 billion yuan, a year-on-year increase of 2.6%. The specific operating conditions are as follows:

▲ Cumulative growth of Internet business revenue (%), Tuyuan Gongxin WeChat official public account

Total profits grow rapidly

• From January to August, my country The operating costs of Internet companies above designated size increased by 5.4% year-on-year. Achieved a total profit of 91.38 billion yuan, a year-on-year increase of 28%.

▲ Growth of operating profits of the Internet and related service industries (%), picture source Gongxin WeChat official public account

The decline in R&D funding continues to narrow

• From January to August, my country’s Internet companies above designated size invested a total of 47.7 billion yuan in R&D funding, a year-on-year decrease of 0.8%.

▲ Growth of R&D expenses in the Internet and related service industries (%), source: Gongxin WeChat official public account

In terms of operation conditions by field:

Income of enterprises in the information service field fell slightly

• From January to August, information services-based companies The Internet business revenue of enterprises (including news information, search, social networking, games, music videos, etc.) fell by 3.1% year-on-year

The revenue of enterprises in the life service field has grown rapidly

• As of August, the Internet business revenue of platform companies that mainly provide life services (including local life, car rental, travel, financial services, automobiles, housing, etc.) has increased by 11.3% year-on-year

The revenue of enterprises in the online sales field has grown rapidly

• From January to August, companies that mainly provide online sales services (including bulk commodities, agricultural and sideline products, Integrated e-commerce, medical supplies, express delivery, etc.) Internet business revenue increased by 45.1% year-on-year.

About regional operations:

Internet business revenue in the eastern region maintains steady growth

• 1-8 months ,The eastern region completed Internet business revenue of 847.4 billion yuan, a year-on-year increase of 3.7%, the growth rate dropped 0.3 percentage points from January to July, accounting for 93.5% of the national Internet business revenue .

• The central region completed Internet business revenue of 28.92 billion yuan, a year-on-year decrease of 9.7%, and the decline expanded by 1.7 percentage points from January to July.

• The western region completed Internet business revenue of 28.14 billion yuan, a year-on-year decrease of 8.3%, and the decline was 1.6 percentage points narrower than that from January to July.

• Internet business revenue in Northeast China fell by 38.5% this year, reaching 2.23 billion yuan, but the decline narrowed 2.1 percentage points from January to July

##▲ Internet business revenue growth by region from January to August 2023, source: Gongxin WeChat official public account

Internet business growth rates in nearly half of the regions have achieved positive growth

From January to August, the top five cumulative Internet business revenues were Beijing (up 0.4%), Shanghai (up 16.2%), Zhejiang (up 16.2%), and Beijing (up 0.4%). A total of 799.5% business revenue was achieved in Guangdong (up 3.6%), Guangdong (down 9.5%) and Tianjin (up 21.9%), up 4.6% year-on-year, accounting for 88.2% of the country (excluding cross-regional enterprises). There are 14 provinces (autonomous regions and municipalities) in the country that have achieved positive growth in Internet business growth.

▲ The growth of Internet business revenue in the top five provinces and cities from January to August 2023, picture source Gongxin WeChat official public account

And the development of mobile applications (App) in my country On the other hand, the Ministry of Industry and Information Technology stated that according to statistics from the National App Technology Detection Platform, as of the end of August, the number of active apps monitored in my country’s domestic market was 2.6 million (including Android and Apple stores).

The number of mobile application developers is 830,000, Android developers are 250,000, and Apple developers are 580,000. In August, there were 8.2 billion downloads of apps on the Android App Store.

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