Ministry unveils top software firms
China’s Ministry of Industry and Information Technology (MIIT) released a list of the top 100 software companies in China by sales revenue for 2017.
Enterprises on the list generated 771.2 billion yuan ($111.2 billion) of revenues from their software businesses last year, up 16.5 percent compared with the figure in 2016.
The threshold for companies to enter the list went up 11.9 percent to stand at 1.62 billion yuan, data showed.
The top 100 firms saw a 15.8 percent rise in net profit to 171.3 billion yuan, which accounted for 19.6 percent of the whole industry, according to the report.