According to data from the Ministry of Industry and Information Technology, from January to July, Internet and related service enterprises above the scale of China completed Internet business revenue of 1135.2 billion yuan, an increase of 3.5% over the previous year, and the growth rate was 0.4 percentage points higher than in January-June. The decline in total profit continued to narrow. From January to July, China's Internet enterprises above the scale achieved a total profit of 93.88 billion yuan, a year-on-year decrease of 1.8%, and the growth rate was 6.5 percentage points narrower than in January-June. R&D funding is growing at a steady rate. From January to July, Internet enterprises above the scale of China invested a total of 58.03 billion yuan in R&D, an increase of 2.8% over the previous year. The growth rate was 0.2 percentage points higher than in January-June.

According to data from the Ministry of Industry and Information Technology, from January to July, Internet and related service enterprises above the scale of China completed Internet business revenue of 1135.2 billion yuan, an increase of 3.5% over the previous year, and the growth rate was 0.4 percentage points higher than in January-June. The decline in total profit continued to narrow. From January to July, China's Internet enterprises above the scale achieved a total profit of 93.88 billion yuan, a year-on-year decrease of 1.8%, and the growth rate was 6.5 percentage points narrower than in January-June. R&D funding is growing at a steady rate. From January to July, Internet enterprises above the scale of China invested a total of 58.03 billion yuan in R&D, an increase of 2.8% over the previous year. The growth rate was 0.2 percentage points higher than in January-June.