Logo 01 Jul 2022

MIIT Internet sector data dump

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On Thursday, MIIT dropped its monthly data for the internet sector.

It didn’t look good. 

From Jan to May this year most numbers were bad:

Revenue is only up 1.8% y/y, compared to 24.4% y/y growth for the same period last year. 
Profits took a big hit too, down 14.8% y/y. 
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