China’s internet firms rebound with profits up by nearly 50 per cent this year as broader economic recovery lags

Staff members work at an office during an organised media tour to the e-commerce solutions company Buy Quickly, in Shanghai on March 22, 2023. The online sales segment of the internet industry saw the biggest jump in growth in the first five months of 2023, with revenues up 33.9 per cent, according to the Ministry of Industry and Information Technology. Photo: Reuters

Staff members work at an office during an organised media tour to the e-commerce solutions company Buy Quickly, in Shanghai on March 22, 2023. The online sales segment of the internet industry saw the biggest jump in growth in the first five months of 2023, with revenues up 33.9 per cent, according to the Ministry of Industry and Information Technology. Photo: Reuters

South China Morning Post

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