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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Internet service sector experiences faster revenue growth
    2019-02-12  08:53    Shenzhen Daily

THE Internet service and related sectors saw fast revenue growth in 2018, with e-commerce and online gaming continuing steady expansion.

The sectors’ total revenue amounted to 956.2 billion yuan (US$142 billion), up 20.3 percent from 2017, according to the Ministry of Industry and Information Technology (MIIT).

Guangdong, Shanghai and Beijing, the top three cities in Internet service revenue, recorded a growth of 26.5 percent, 20 percent and 25.2 percent, respectively.

The sectors’ spending on research and development reached 49 billion yuan, up 19 percent from 2017.

Information services were the largest revenue contributor for the sectors, garnering an income of 859.4 billion yuan, up 20.7 percent year on year, and accounting for 89.4 percent of the total revenue.

E-commerce platforms obtained 366.7 billion yuan of revenue, up 13.1 percent, while online gaming earned 194.8 billion yuan, up 17.8 percent.

Internet data center business, for instance, maintained solid growth. With 1.41 million servers installed by the end of December, up 31.8 percent from 2017, the sector posted 15.8 billion yuan in aggregate revenue, up eight percent year on year.

Some 420,000 mobile applications were added last year, bringing the country’s total number of applications in use to 4.49 million. Gaming applications took the largest share with 1.38 million, followed by applications for life services, e-commerce and theme wallpaper, which numbered 542,000, 421,000 and 374,000 respectively.

The number of financial applications increased to 140,000, up 20 percent from the beginning of 2018.

Social networking turned out to be the most innovative market with new applications launched to spice up the user’s experiences with short messages and short videos.(Xinhua)

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