In this Oct 24, 2018 photo, visitors look at an Artificial Intelligence security software program on a screen at the 14th China International Exhibition on Public Safety and Security at the China International Exhibition Center in Beijing. (PHOTO / AFP)
BEIJING – China's software and information technology service industry reported double-digit growth in revenue and profits in the first four months of the year, data from the Ministry of Industry and Information Technology showed on Saturday.
Profits of the sector expanded 13.8 percent year-on-year to 367.4 billion yuan (about $51.77 billion) in the period.
The software sector’s revenue grew by 12.8 percent from a year ago to 3.32 trillion yuan, showed the data.
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Revenue from software products increased by 11.1 percent year-on-year to 818.3 billion yuan in this period. Revenue from industrial software products expanded to 81.48 billion yuan, marking a year-on-year increase of 15.1 percent, according to the data.
Cloud computing and big data services revenue jumped 16.3 percent year-on-year, and e-commerce platform technical services revenue rose 4.1 percent, the data showed.