Ministry of Industry and Information Technology: In the first quarter, the revenue of Internet companies above a certain scale in the internet business reached 411.8 billion yuan, a year-on-year increase of 1.4%.

The Ministry of Industry and Information Technology released data showing that in the first quarter, China's internet and related service enterprises with a certain scale completed internet business revenue of 411.8 billion yuan, a year-on-year increase of 1.4%. In the first quarter, Chinese internet enterprises with a certain scale invested a total of 20.45 billion yuan in research and development funds, an increase of 4.6% year-on-year, an increase of 1.8 percentage points compared to January and February.