Ministry of Industry and Information Technology: Internet business revenue maintained a rapid growth trend

Recently, the official website of the Ministry of Industry and Information Technology released information on the operation of the Internet and related service industries from January to November 2021. According to the data, from January to November 2021, the development trend of the Internet and related service industries was stable. From January to November, China's Internet enterprises above designated size completed business income of 1,415.5 billion yuan and achieved operating profits of 128 billion yuan.

From the overall operation point of view, the Internet business revenue maintained a rapid growth trend. From January to November, China's Internet and related service enterprises above designated size (referred to as Internet enterprises) completed business revenue of 1,415.5 billion yuan, an increase of 22.3% year-on-year.

Operating profit and operating costs increased simultaneously, and the growth rate declined. From January to November, Internet companies achieved operating profits of 128 billion yuan, an increase of 14.8% year-on-year, and the growth rate fell by 6.5 percentage points from January to October.

At the same time, research and development expenses have increased steadily. From January to November, Internet companies invested 67.01 billion yuan in research and development, an increase of 5.6% year-on-year.

Judging from the operation of sub-businesses, the revenue of information services has continued to grow, and the growth of audio and video services has been outstanding. From January to November, Internet companies achieved a total of 761.8 billion yuan in information service revenue, an increase of 17.6% year-on-year. Among them, audio and video service enterprises maintained rapid growth; online game companies grew steadily; news and content service companies grew rapidly; and the growth rate of business revenue of enterprises providing search services fell back from January to October.

The revenue of Internet platforms has grown rapidly, and the growth rate has declined. From January to November, Internet companies achieved platform service revenue of 519.1 billion yuan, an increase of 34.8% year-on-year, and the growth rate fell by 3.2 percentage points from January to October. Among them, the growth rate of business revenue of life service platform enterprises rebounded from January to October. The revenue of enterprises that provide manufacturing and production logistics platform services on the network sales platform and provide manufacturing and production logistics platform services has grown steadily. At the same time, the revenue of Internet access services has grown at a low rate, and Internet data services have continued to develop rapidly. From January to November, Internet enterprises completed the revenue of Internet data services (including cloud services, big data services, etc.) of 24.15 billion yuan, an increase of 28% year-on-year.

It is worth noting that the total number of mobile applications (APPS) remains stable. As of the end of November, the number of apps monitored in China's domestic market was 2.72 million, which was the same as the end of October.

The data shows that the number of game applications still ranks first, and the number of downloads of games, daily tools, social networking, audio and video applications ranks first. As of the end of November, the total number of third-party app stores in China's on-shelf app distribution reached 2,092.4 billion times. Among them, the number of downloads of mobile applications for games exceeded 300 billion times for the first time, reaching 320.4 billion times.

Image source: Screenshot of the official website of the Ministry of Industry and Information Technology