China's Software Revenue Surpasses 10 Trillion Yuan in August, Up 8.8% Year-on-Year

According to the Ministry of Industry and Information Technology, software business revenue in China exceeded 10 trillion yuan in the first eight months of this year, a year-on-year increase of 8.8%. Total industry profits rose by 1.3%, while software exports reached $45.99 billion, up 12.5% from last year. Revenue from software products grew steadily at 6% year-on-year, accounting for 21.5% of total industry revenue. Information technology services continued to grow, representing 68.7% of total revenue, with cloud computing and big data services contributing an 11.1% increase and making up 17.3% of IT service revenue.