(MENAFN- AzerNews) China's major internet companies and related services companies
saw notable profit increase in the first four months of the year,
data from the Ministry of Industry and Information Technology
showed, Azernews reports, citing Xinhua.
Profits of these companies surged 62.1 percent year on year to
38.4 billion yuan (about 5.4 billion U.S. dollars) during the
period, the data showed.
The combined business revenue of these companies stood at 408.3
billion yuan, up 3.3 percent year on year.
Major internet companies and related services companies are
those with an annual business revenue of at least 20 million
yuan.
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