Telecommunications Industry Update in China Revenue and Emerging Business Growth

TapTechNews September 24th news, today, the Ministry of Industry and Information Technology announced the economic operation situation of the communication industry from January to August 2024. In the first 8 months, the cumulative telecommunications business revenue reached 1.1732 trillion yuan, with a year-on-year increase of 2.7%. The total amount of telecommunications business calculated according to the constant price of the previous year increased by 11.1% year-on-year.

In the first 8 months, the three basic telecommunications enterprises completed the revenue of Internet broadband services at 181.6 billion yuan, with a year-on-year increase of 4.6%, accounting for 15.5% of the telecommunications business revenue, and the proportion increased by 0.1 percentage point compared with the first 7 months, driving the growth of telecommunications business revenue by 0.7 percentage point.

In the first 8 months, the three basic telecommunications enterprises completed the revenue of mobile data traffic services at 434.2 billion yuan, with a year-on-year decrease of 2%, accounting for 37% of the telecommunications business revenue, and the proportion increased by 0.1 percentage point compared with the first 7 months.

The three basic telecommunications enterprises actively developed emerging businesses such as IPTV, Internet data centers, big data, cloud computing, and the Internet of Things. In the first 8 months, they completed a business revenue of 289.7 billion yuan, with a year-on-year increase of 10.5%, accounting for 24.7% of the telecommunications business revenue, driving the growth of telecommunications business revenue by 2.4 percentage points. Among them, the revenues of cloud computing and big data increased by 12.3% and 61.6% respectively, and the revenue of the Internet of Things business increased by 12.6%.

TapTechNews noticed that the proportion of voice business revenue continued to decline. In the first 8 months, the three basic telecommunications enterprises completed the fixed voice and mobile voice business revenues of 12.94 billion yuan and 72.89 billion yuan, with year-on-year increases of 2.9% and -3.9% respectively, accounting for 7.3% of the telecommunications business revenue in total, and the proportion decreased by 0.5 percentage point year-on-year.

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