China's software industry consisting of 40,187 companies generated revenues of CNY6,554.162 billion (US$940.69 billion) in January-October 2020, growing 11.7% on year, according to the Ministry of Industry and Information Technology (MIIT).
Exports of software products and services in the period reached US$37.4 billion, accounting for 3.98% of the total and slipping 1.2% on year. The industry posted operating profit of CNY802.581 billion in the period, increasing 7.3% on year.
MIIT: China software revenues by category, January-October 2020 (CNYb) | ||
Business category | Revenues | Y/Y |
Software products | 1,806.791 | 10.0% |
IT technology services | 3,944.942 | 13.9% |
IT security services | 116.800 | 9.0% |
Software for embedded systems | 685.629 | 5.1% |
Source: MIIT, compiled by Digitimes, December 2020
