A staff member of China Electronic Technology Group Corporation (CETC) demonstrates a wearable exoskeleton robot during the Light of Internet Expo in Wuzhen, east China's Zhejiang Province, Nov. 8, 2022. (Xinhua/Jiang Han)
BEIJING, Dec. 4 (Xinhua) -- China's major internet enterprises saw their spending on research and development (R&D) resume a double-digit expansion in the first 10 months of 2022, official data showed.
During this period, R&D spending of these firms totaled 63.67 billion yuan (about 9.03 billion U.S. dollars), up 10.4 percent year on year, with a pace 1.6 percentage points faster than that recorded in the first three quarters, according to the Ministry of Industry and Information Technology.
The combined business revenue of major internet companies and related services companies edged down 0.8 percent year on year to 1.22 trillion yuan, but the decline narrowed 0.1 percentage points from the first three quarters, the data showed.
Specifically, business revenue of firms mainly providing online sales services soared 16.3 percent compared to one year earlier -- a pace 1 percentage point faster than the Jan.-Sept. period.
Major internet companies and related services companies are those with an annual business revenue of at least 20 million yuan. ■
Related articles:
Related suggestion:
In unusual push, funders band together to get out grants around election work 'early'Facebook and Instagram face European Union scrutiny over possible breaches of digital rulebookPortugueseSelect list of nominees for 2024 Tony AwardsFree child care from higher taxes? These cities subsidize daycareQueen Mary and King Frederik are caught in a royal Photoshop rowDua Lipa is all about 'Radical Optimism,' in her music and other pursuitsBizarre moment yacht gets wedged underneath railway arches while being carried on a lowThe cancer drugs that could improve survival rates if given to patients in the morningA Yellowstone trip that ended with a man being arrested for kicking a bison
0.1091s , 6508.203125 kb
Copyright © 2024 Powered by China's internet sector R&D spending logs robust growth in Jan. ,Planet Profile news portal