Ministry of Industry and Information Technology: From January to October, the total profits of internet companies above a certain scale reached 123.7 billion yuan, a year-on-year decrease of 10.9%.

According to data from the Ministry of Industry and Information Technology, from January to October, China's scale above internet and related service enterprises completed internet business revenue of 16,189 billion yuan, a year-on-year increase of 1.1%, a decrease of 1.7 percentage points compared to the previous three quarters. From January to October, China's scale above internet enterprises achieved a total profit of 123.7 billion yuan, a year-on-year decrease of 10.9%, a decrease of 2.2 percentage points compared to the previous three quarters. From January to October, China's scale above internet enterprises invested a total of 86.17 billion yuan in research and development expenses, a year-on-year increase of 7.1%, an increase of 0.5 percentage points compared to the previous three quarters.