China software sector revenue rises 10.9% in early 2023

The software industry in China generated approximately 4.67 trillion yuan (about $689.2 billion) in revenue during the first four months of 2026, representing a 10.9% increase compared to the same period last year. Software product revenues amounted to 1.05 trillion yuan, a rise of 8%, while IT services revenues reached around 3.13 trillion yuan, up by 12%. Notably, there was significant growth in cloud computing and big data services, which increased by 12.6%.

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