China’s Telecommunications Sector: Growth, Revenue, and Emerging Services

2023-12-23 07:48:00

BEIJING, Dec. 23 (Xinhua) — China’s telecommunications sector posted steady growth in the first 11 months of 2023, driven by emerging services, official data showed.

The combined revenue of industry enterprises reached 1.55 trillion yuan (regarding $218 billion) in the January-November period, up 6.9 percent year-on-year, the Ministry of Industry and Trade said. Information technology.

During this period, emerging sectors such as big data, cloud computing, artificial intelligence and the Internet of Things continued to perform strongly.

China’s three telecom giants, namely China Telecom, China Mobile and China Unicom, saw their revenue from emerging services increase by 20.1 percent year-on-year to 332.6 billion yuan, leading to the increase of 3 .8 percentage points of total telecommunications sector revenues.

Specifically, cloud computing and big data revenues rose 39.7% and 43.3%, respectively, compared to the same period last year.

Broadband internet services generated 240.4 billion yuan for China’s three telecom giants from January to November, up 8.5 percent year on year, data showed. END

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