China's internet sector increases R&D spending in Jan.-Sept. - China Daily

BEIJING -- China's net companies accrued their spending connected probe and improvement successful the archetypal 3 quarters of the year, information from the Ministry of Industry and Information Technology shows.

Major net companies spent 56.6 cardinal yuan (about $7.8 billion) connected R&D during the period, up 8.8 percent twelvemonth connected year.

From January to September, the concern revenues of large net companies and related services companies came successful astatine 1.1 trillion yuan, down 0.9 percent twelvemonth connected year, the ministry said.

Their combined profits stood astatine 96.6 cardinal yuan successful the aforesaid period, down by 8.3 percent twelvemonth connected year.

Major net companies and related services companies are those with an yearly concern gross of astatine slightest 20 cardinal yuan.