China's internet sector R&D spending logs robust growth in Jan.-Oct. - Xinhua

A unit subordinate of China Electronic Technology Group Corporation (CETC) demonstrates a wearable exoskeleton robot during the Light of Internet Expo successful Wuzhen, eastbound China's Zhejiang Province, Nov. 8, 2022. (Xinhua/Jiang Han)

BEIJING, Dec. 4 (Xinhua) -- China's large net enterprises saw their spending connected probe and improvement (R&D) resume a double-digit enlargement successful the archetypal 10 months of 2022, authoritative information showed.

During this period, R&D spending of these firms totaled 63.67 cardinal yuan (about 9.03 cardinal U.S. dollars), up 10.4 percent twelvemonth connected year, with a gait 1.6 percent points faster than that recorded successful the archetypal 3 quarters, according to the Ministry of Industry and Information Technology.

The combined concern gross of large net companies and related services companies edged down 0.8 percent twelvemonth connected twelvemonth to 1.22 trillion yuan, but the diminution narrowed 0.1 percent points from the archetypal 3 quarters, the information showed.

Specifically, concern gross of firms chiefly providing online income services soared 16.3 percent compared to 1 twelvemonth earlier -- a gait 1 percent constituent faster than the Jan.-Sept. period.

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