CHINAUS AFRICAASIA 中文双语Français
Business\Companies

China's top 100 internet companies' revenue skyrockets in 2016

By Ma Si | chinadaily.com.cn | Updated: 2017-08-03 16:27

The combined revenue of China's top 100 internet companies totaled 1.07 trillion yuan ($159 billion) in 2016, up nearly 47 percent year-on-year, a new report by the Internet Society of China and the Ministry of Industry and Information Technology revealed on Thursday. The latest information highlighted the strong growth momentum of the country's internet sector.

Tencent Holdings Ltd topped the top 100 list, with Alibaba Group Holding Ltd and Baidu Inc respectively occupying second and third place, according to the report.

Zhang Feng, chief engineer of MIIT, called on the country's leading internet players to boost research and development efforts, as well as cultivate more talents and actively explore overseas markets.

Last year, the top 100 internet companies poured about 75 billion yuan into R&D, up nearly 30 percent from a year earlier. The number of R&D employees totaled 156,000, marking a year-on-year growth of nearly 18 percent.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US