China's software revenue reaches 10.282 trillion yuan in first eight months
In short
China's software business revenue reached 10.282 trillion yuan in the first eight months, up 8.8% year on year, 36Kr reported, citing industry ministry data. Yicai and Xinhua also reported that software revenue exceeded 10 trillion yuan.
Read the full story 1 min read
China's Ministry of Industry and Information Technology reported software business revenue of 10.282 trillion yuan for the first eight months, an 8.8% increase from a year earlier, according to a 36Kr summary citing Xinhua. The ministry described operating performance in software and information technology services as good. Yicai's headline also placed revenue for the first eight months above 10 trillion yuan, while a Xinhua headline reported software revenue exceeding that threshold. [ 1 , 2 , 4 ]
Why it matters
The figures show year-on-year growth in China's software and information technology services sector. The ministry described the sector's operating performance as good, according to 36Kr.
Key facts
What local media are saying
Timeline, local time
- 36Kr reported the software revenue figure and growth rate on October 10. [ 1 ]