Technology Jul 31, 2020 10:28 AM (GMT+8) · EqualOcean
The Ministry of Industry and Information Technology of the Chinese government (MIIC) reported the revenue of Industrial enterprises above designated size experienced a fast growth of 14.1% Year on Year (YoY), hitting CNY 590.70 billion during the first half of 2020. The operating profit for the so-called China's Internet industry increased by 2.8% YOY, reaching CNY 52.16 billion. The Research and Development expense for the industry is CNY 31.34 billion, growing by 10.7% YoY.
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