A visitor checks out Tencent artificial intelligence products at China Science and Technology Museum in Beijing in January. The tech company's digital ecosystem is expected to help create 31.8 million new jobs and 147 new job categories over the next five years. (HUANG YONG / FOR CHINA DAILY)
BEIJING - China's internet sector registered robust growth in business revenue and profits in the first 10 months this year, according to data from the Ministry of Industry and Information Technology.
Enterprises that mainly offer online sales services saw their internet business revenues increase 33.5 percent from a year earlier
Major internet companies saw their cumulative profits rise 10 percent year-on-year to total 107.4 billion yuan (about $15.1 billion) during the period, the data shows.
Their combined business revenues came in at 1.4 trillion yuan, up 5.9 percent year-on-year.
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Enterprises that mainly offer online sales services saw their internet business revenues increase 33.5 percent from a year earlier.
Major internet companies and related services companies have annual business revenues of at least 20 million yuan.