Logo 01 Nov 2022

MIIT internet sector data dump

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On Monday, the Ministry of Industry and Information Technology (MIIT) released year-to-date stats on the performance of China’s internet sector.
Once again, the top line didn’t look pretty: 

Total revenue From Jan-Sep clocked in at RMB 1.1 trillion, down 0.9% y/y.
Total profits from Jan-Sep ca...