Core Insights - The Ministry of Industry and Information Technology reported that from January to May, internet enterprises achieved internet business revenue of 773.5 billion yuan, representing a year-on-year growth of 0.9% [1] - During the same period, the total profit of large-scale internet enterprises amounted to 69.2 billion yuan, showing a year-on-year decline of 2.2% [1] - Research and development expenditure by large-scale internet enterprises reached 39.06 billion yuan, with a year-on-year increase of 4.1%, although the growth rate decreased by 0.7 percentage points compared to the first four months of the year [1]

Overall Performance - Internet business revenue for the first four months of 2025 reached 597 billion yuan, representing a year-on-year growth of 1.5% [2][3] - Total profit for internet enterprises amounted to 41.73 billion yuan, showing a year-on-year decline of 10.8% [2][3] - Research and development expenditure increased to 29.15 billion yuan, with a year-on-year growth of 4.8%, and the growth rate improved by 0.2 percentage points compared to the first quarter [2][3] Regional Performance - Eastern region led in internet business revenue growth, achieving 535.1 billion yuan with a year-on-year increase of 3.5%, accounting for 89.6% of national internet business revenue [3][4] - Central region reported a decline in internet business revenue, totaling 23.61 billion yuan, down 29.3% year-on-year [3] - Western region's internet business revenue reached 37.15 billion yuan, with a year-on-year growth of 2.1% [3] - Northeast region's internet business revenue was 1.15 billion yuan, reflecting a year-on-year decline of 27.5% [3] Notable Regions - Beijing, Guangdong, Shanghai, Zhejiang, and Guizhou collectively generated 501.5 billion yuan in internet business revenue, with an overall year-on-year growth of 5.2%, representing 84% of the national internet business revenue (excluding cross-regional enterprises) [4] - 11 provinces, regions, and municipalities achieved positive growth in internet business revenue, with Shanxi, Shaanxi, Sichuan, and Beijing exceeding 10% growth [4]

Group 1 - The Ministry of Industry and Information Technology reported that in the first quarter, internet enterprises above a designated size achieved internet business revenue of 411.8 billion yuan, representing a year-on-year growth of 1.4% [1] - In the first quarter, these internet enterprises invested 20.45 billion yuan in research and development, which is a year-on-year increase of 4.6%, with the growth rate improving by 1.8 percentage points compared to January-February [1]