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CN Internet Firms Above Designated Size Trim YoY Decline in Profit to 10.9% in 10M25: MIIT
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In 10M25, internet and related service companies above a designated size in China achieved a total profit of RMB123.7 billion, down 10.9% YoY, marking a decline narrowed by 2.2 ppts compared to 1-3Q25, according to data released by the Ministry of Industry and Information Technology (MIIT). Meanwhile, internet business revenue increased by 1.1% YoY to RMB1.62 trillion, up 1.1% YoY, a growth rate slowing by 1.7 ppts compared to 1-3Q25. These performances indicate that the industry is still in an adjustment period amidst slowing revenue growth and declining profits, while R&D efforts are being ramped up. AAStocks Financial News |
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