INTERNATIONAL_ The revenue of mainland internet companies is reflected in the report released by the Ministry of Industry and Information Technology of China.
Statistical report from January to November 2021, the country’s internet and related service enterprises with annual sales revenue of more than 5 million yuan together complete business income of 1,415.5 billion yuan yuan (US$222.57 billion), up 22.3% over the same period last year.
Many Chinese internet companies have “made a fortune” in the past year
The report also shows that the growth rate decreased by 1.1% compared to January-October. The average growth rate was 17.5% over the past two years. Operating margins and costs have increased while growth rates have slowed slightly.
From January to November this year, Chinese internet companies achieved an operating profit of 128 billion yuan, up 14.8% year-on-year, and the growth rate fell 6.5% month-on-month. January to October. Operating expenses increased 17.3% year-on-year and the growth rate fell 3.6% from January to October last year.
The R&D costs of these companies have steadily increased. From January to November, internet companies invested 67.01 billion yuan in R&D, an increase of 5.6% year-on-year and a growth rate of 3% higher than January-November. October. Income from information services continued to increase, in the context of the outstanding growth of audio and video services.
From January to November, internet companies completed a total information service revenue of 761.8 billion yuan, up 17.6% year-on-year. The corresponding growth rate increased by 0.1% compared to January-October. This revenue accounts for 53.8% of internet business revenue.
Among them, the audio and video services businesses maintain a fast growth rate. Other areas seeing significant growth are online gaming businesses, as well as news and content services businesses. Compared with the increase of January to October, the growth rate of business income of enterprises mainly providing search services decreased.
The Internet is necessary for our daily experiences
Revenue of Internet platforms increased rapidly, while the growth rate decreased. From January to November, internet companies achieved platform services revenue of 519.1 billion yuan, up 34.8% year-on-year, and the growth rate decreased by 3.2% year-on-year. January to October. This revenue accounted for 36.7% of internet business revenue, up 3.1% over the same period last year.
Among them, the business income growth rate of lifestyle service platform businesses increased again from January to October. Revenue from online shopping platforms and the provision of platforms Manufacturing services grew at a low rate, while internet data services continued to grow rapidly.
From January to November, internet companies completed online service access revenue of 40.3 billion yuan, up 3.9% year on year. The rate increased by 0.5% compared to January-October. Revenue from internet data services (including cloud services and big data services) reached 24.15 billion yuan, up 28% year-on-year.
