China's internet and related service companies' operating revenue up 1.4% year-on-year: Chinese report

According to the Ministry of Industry and Information Technology, in the first quarter (January-March), the operating income of Chinese internet and related service companies increased 1.4% year-on-year.
The revenues of Internet companies with more than 3.9 trillion yen in net worth increased by 1.4% compared to the same period last year. Specifically, the revenues of Internet businesses increased.
In the first quarter, the operating revenue of China's Internet and related service companies (hereinafter referred to as Internet companies) above a certain size increased 1.4% to 411.8 billion former (about 8 trillion yen).
The growth in research and development expenditures accelerated. During the same period, Internet companies invested in research and development expenditures totaling 20.45 billion former (approximately 400 billion yen), up 4.6% year-on-year. The growth rate was 1-
This is a 1.8 percentage point increase from February. By region, Internet business revenue in the eastern region increased steadily. During the same period, business revenue in the eastern region increased 2.9% to 367.6 billion former (approximately 7.2 trillion
0 billion yen), which is 1.5 percentage points higher than the national growth rate and accounts for 89.3% of the national total revenue. In addition, internet business revenue in the Beijing-Tianjin-Hebei region is relatively high.
During the same period, the region's business income reached 125.1 billion formal (about 2.5 trillion yen), up 7.1 percent year-on-year, accounting for 30.4 percent of the nation's total income.