China's Ministry of Industry and Information Technology (MIIT) said enterprises above designated size in the internet and related services sector reported internet business revenue of 1.0675 trillion yuan in 1H 2026, up 10.1% YoY, a 0.3 ppt slowdown versus Jan–May. Total profits were 98.99 billion yuan, up 16.6% YoY, accelerating 6.9 ppt versus Jan–May. R&D spending stood at 59.55 billion yuan, up 14.1% YoY, a 1.2 ppt deceleration versus Jan–May.

2026-07-31

China's Ministry of Industry and Information Technology (MIIT) said enterprises above designated size in the internet and related services sector reported internet business revenue of 1.0675 trillion yuan in 1H 2026, up 10.1% YoY, a 0.3 ppt slowdown versus Jan–May. Total profits were 98.99 billion yuan, up 16.6% YoY, accelerating 6.9 ppt versus Jan–May. R&D spending stood at 59.55 billion yuan, up 14.1% YoY, a 1.2 ppt deceleration versus Jan–May.