China's Telecom Services Sector Revenue Jumps 2.7% in January-August

MT Newswires Live

2024/10/02

China's telecommunications services revenue rose 2.7% year over year to 1.17 trillion yuan during the January-August period, according to data from the Ministry of Industry and Information Technology.

Revenue from emerging businesses of China's largest telecommunications providers China Telecom (HKG:0728, SHA:601728), China Mobile (HKG:0941, SHA:600941), and China Unicom (SHA:600050) increased by about 11% to 289.7 billion yuan.

Cloud computing revenue jumped 12% while big data revenue surged 62%, the data showed.

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