Chinese internet firms profit rise

Major internet companies in China achieved profits of approximately 99 billion yuan in the first half of 2026, representing a 16.6% increase year over year. Their revenues reached around one trillion and some billion dollars, marking a 10.1% rise. These companies also spent about 59.55 billion yuan on research and development, an increase of 14.1%, reflecting ongoing growth in the sector and emphasizing its economic significance.

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