Earning reports of Internet giants underline China's accelerating industrial digitalization - Xinhua

Photo taken connected Sept. 1, 2022 shows an unmanned transportation conveyance astatine the booth of Meituan astatine the 2022 China International Fair for Trade successful Services (CIFTIS) successful Beijing, superior of China, connected Sept. 1, 2022.(Xinhua/Cai Yang)

BEIJING, Nov. 30 (Xinhua) -- A slew of listed Chinese Internet giants person unveiled their fiscal performances successful the 3rd 4th (Q3) of 2022, which shed airy connected the accelerated gait of concern transformations successful the country.

While galore of the companies saw improving net oregon revenue, their information besides pointed to the increasing relation of integer technologies successful serving the existent economy.

A cardinal subordinate successful China's depletion sector, the on-demand retail level Meituan has witnessed the rising popularity of instant retail crossed the country.

In Q3, orders for Meituan's instant retail services, which diagnostic accelerated transportation of online to offline orders usually wrong an hour, surged to immoderate 5 cardinal successful total. The transactions of convenience stores and supermarkets partnering with Meituan climbed 27.9 percent and 62 percent twelvemonth connected year, respectively.

"We stay assured successful the betterment of China's system and the semipermanent maturation imaginable of our halfway section commerce segment," said Chen Shaohui, Meituan's main fiscal officer.

Tencent, a large Internet value-added services provider, continued to spot a higher gross publication from its fintech and concern services than that from online games.

Due to the betterment of online and offline commercialized outgo activities, the company's fintech services gross maturation was higher than the erstwhile quarter, according to Tencent's fiscal statement.

Leveraging its hugely fashionable societal networking level Weixin, Tencent said regular progressive users of its integer mini-programs surpassed 600 cardinal by the extremity of September, representing a year-on-year summation of implicit 30 percent.

Domestic AI elephantine Baidu saw a wider acceptance of its intelligent proscription absorption services. Relevant tech solutions had been adopted by 63 Chinese cities by the extremity of September, up by 39 from a twelvemonth ago.

In presumption of autonomous driving, the company's Apollo Go robotaxis provided 474,000 rides successful Q3, up 311 percent twelvemonth connected twelvemonth and 65 percent 4th connected quarter.

E-commerce level Pinduoduo said it helped implicit 500,000 types of cultivation and sideline products scope a wider online user assemblage done a assortment of strategies. Its counterpart JD.com said by the extremity of August, it helped thrust the output worth of agrarian areas to transcend 620 cardinal yuan (86.39 cardinal U.S. dollars) successful 22 months by leveraging its extended logistics and income network.

"We volition proceed to measurement up investments, particularly to enactment the agriculture and manufacturing manufacture done technology," said Liu Jun, Pinduoduo's vice president of finance.

Digital technologies person go important maturation drivers for China's economy. The state is striving for marked achievements successful the integration of integer technologies and the existent system by 2025 and the added worth of the integer economy's halfway industries is expected to relationship for 10 percent of China's GDP successful examination with 7.8 percent successful 2020.  ■