The market value of China’s listed internet companies has gone down 4.3% in the same period.
The total revenue from China Mobile, China Telecom and China Unicom went down 0.03% in the first half of 2019 compared with the same period last year. It was 672 billion yuan, the equivalent of $97.7 billion, said the Ministry of Industry and Information Technology (MIIT).
Fixed-line income from the three was 9.8% up on the first half of 2018, reaching 212 billion yuan ($30.8 billion).
China had 1.59 billion mobile phone users at the end of June, up 5% on 2018, and 435 million fixed-line internet customers, of whom 77.1% get speeds over 100Mbps, said MIIT.
China Academy of Information and Communications Technology said in a separate report that the total market value of China’s listed internet companies was 9.75 trillion yuan ($1.41 trillion) at the end of June, a quarter-on-quarter decline of 4.3%, according to a report released by the.
Companies listed in the US, Hong Kong and the Chinese mainland accounted for 52%, 38% and 10% of the total value, respectively, said the academy. Hong Kong-listed companies rose 1.4% in value, while Chinese and US companies fell in value by 13.2% and 6.4% respectively.
Total revenues of China’s listed internet companies in the quarter was 520 billion yuan ($75.4 billion), up 24% over the previous quarter.
