BEIJING, Oct 29 — China’s software and information technology service industry registered double-digit growth in revenue and profits in the first three quarters of this year, official data showed, reported Xinhua.
Profits of the sector reached 1.01 trillion yuan (about US$140.7 billion) during the period, soaring 18.3 per cent year-on-year, according to the Ministry of Industry and Information Technology.
The combined revenue of this sector came in at 8.76 trillion yuan in the period, jumping 13.5 per cent from the same period last year.
Specifically, the revenue of cloud computing and big data services surged 15.8 per cent year-on-year to 875 billion yuan, and that of e-commerce platforms’ information and technology services went up 9.4 per cent to 799 billion yuan in the same period.
— Bernama-Xinhua
