China's software and information technology service industry registered double-digit growth in revenue and profits in the first three quarters of this year, official data showed.
Profits of the sector reached 1.01
trillion yuan (about $140.7 billion) during the period, soaring 18.3% year on year, according to the Ministry of Industry and Information Technology.
The combined revenue of this sector came in at 8.76 trillion yuan in the period, jumping 13.5% from the same period last year.
Specifically, the revenue of cloud computing and big data services surged 15.8% year on year to 875 billion yuan, and that of e-commerce platforms' information and technology services went up 9.4% to 799 billion yuan in the same period.
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