CN MIIT: Internet Biz Rev. of Internet Firms Above Designated Scale Hikes 3.7% in 4M24

In 4M24, internet and related service enterprises above designated scale in China achieved internet business revenue of RMB554.7 billion, up 3.7% YoY, according to data from the Ministry of Industry and Information Technology (MIIT). The 4M24 operating costs of internet enterprises above designated scale increased by 2.6% YoY.