China's Ministry of Industry and Information Technology said internet and
related services firms above designated size recorded internet business revenue
of 874.9 bln yuan in Jan-May, up 10.4% YoY, a 0.5 ppt acceleration versus
Jan-Apr. Total profits were 79.9 bln yuan, up 9.7% YoY, with profit growth
slowing compared with Jan-Apr. R&D spending maintained rapid growth.