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]