Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies] BEIJING – China’s general public budget revenue dropped 2.7 percent year-on-year to 8.09 trillion yuan ($1.14 trillion) in the first four months of 2024, according to the Ministry of Finance. The central government collected 3.53 trillion yuan in revenue, … Continue reading China’s general public budget revenue down 2.7% in Jan-April
Tag: revenue
China optimizes financial resources to benefit the people’s livelihoods
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] China has strived to optimize the allocation of its financial resources over the past four months so as to better support critical national strategic tasks and guarantee people’s basic livelihoods, data from the Ministry of Finance showed on … Continue reading China optimizes financial resources to benefit the people’s livelihoods
Alibaba sees its Jan-March revenue up 7%
The headquarters of e-commerce giant Alibaba Group in Hangzhou, East China’s Zhejiang province. [Photo by Niu Jing/For China Daily] Chinese tech heavyweight Alibaba Group Holding Ltd reported on Tuesday night that its revenue stood at 221.87 billion yuan ($30.7 billion) during the January-March period, an increase of 7 percent year-on-year, while its net income reached … Continue reading Alibaba sees its Jan-March revenue up 7%
China’s ‘new third board’ companies report revenue growth for 3 straight years
An investor monitors stock prices on his phone at a stock brokerage in Shanghai. [Photo by Lyu Liang/For China Daily] BEIJING – Companies listed on China’s “new third board,” a financing platform for small and medium-sized enterprises (SMEs), have reported revenue growth for three consecutive years. A total of 5,926 listed companies posted combined revenue … Continue reading China’s ‘new third board’ companies report revenue growth for 3 straight years
AI blueprint driving ambitious revenue surge for BlueFocus
The BlueFocus’ logo. [Photo provided to chinadaily.com.cn] China’s leading marketing technology company BlueFocus released its annual report for 2023 on Sunday, revealing its AI-driven revenue reached 108 million yuan ($14.9 million), which is projected to increase by 500 million to 1 billion yuan in 2024 and bring extraordinary growth. The company achieved an operating revenue … Continue reading AI blueprint driving ambitious revenue surge for BlueFocus
Tax policy to better support economic recovery
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning city, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/VCG] China’s fiscal authorities will intensify efforts in areas like fully supporting sci-tech innovation and expanding domestic demand to further facilitate economic recovery, a senior official from the … Continue reading Tax policy to better support economic recovery
20 Chinese mainland companies debut on Micro Connect exchange
[Photo/VCG] A batch of 20 Chinese mainland companies debuted on the Micro Connect (Macao) Financial Assets Exchange (MCEX) on Friday, helping these small and medium-sized enterprises to leverage overseas long-term capital, Gary Zhang, founder and CEO of Micro Connect, said on a listing ceremony held in Shanghai on Friday. The companies that successfully sought financing … Continue reading 20 Chinese mainland companies debut on Micro Connect exchange
Huawei sounds 9.6% growth in 2023 revenue
Shoppers look at newly launched smartphones at the Huawei flagship store in Beijing.[Photo/Agencies] Huawei Technologies Co said on Friday that its revenue for 2023 hit 704.2 billion yuan ($97.5 billion), marking a year-on-year increase of 9.63 percent, and its net profit hit 87 billion yuan. The growth rate represents the highest annual revenue growth since … Continue reading Huawei sounds 9.6% growth in 2023 revenue