Ministry of Industry and Information Technology: From January to July, China's large-scale internet enterprises achieved a total profit of 93.88 billion yuan, a year-on-year decrease of 1.8%.

According to data from the Ministry of Industry and Information Technology, from January to July, China's Internet and related service enterprises with a certain scale completed Internet business revenue of 1.1352 trillion yuan, a year-on-year increase of 3.5%, an increase of 0.4 percentage points compared to January to June. The decline in total profits continues to narrow. From January to July, China's Internet enterprises with a certain scale achieved a total profit of 93.88 billion yuan, a year-on-year decrease of 1.8%, a decrease of 6.5 percentage points compared to January to June. The growth rate of research and development expenses is stable. From January to July, China's Internet enterprises with a certain scale invested a total of 58.03 billion yuan in research and development expenses, a year-on-year increase of 2.8%, an increase of 0.2 percentage points compared to January to June.