Recently, the Ministry of Industry and Information Technology announced the operation of the Internet and related services in the first quarter of 2024. From the perspective of overall operation, Internet business revenue maintained steady growth, total profit growth turned from positive to negative, and R&D funds declined. Among them, China's Internet and related service enterprises above designated size (referred to as "Internet enterprises") achieved Internet business revenue of 384 billion yuan, up 8.4% year on year; Realized a total profit of 27.89 billion yuan, a year-on-year decrease of 15.3%; A total of 19.86 billion yuan was invested in research and development, a year-on-year decrease of 0.6%. In terms of fields, the Internet business revenue of enterprises mainly providing information services (including news, search, social networking, games, music videos, etc.) increased by 5.9% year on year; The Internet business income of platform enterprises mainly providing life services (including local life, car rental, tourism, financial services, cars, housing, etc.) increased by 13.3% year on year; The Internet business income of enterprises mainly providing online sales services (including bulk commodities, agricultural and sideline products, integrated e-commerce, medical supplies, express delivery, etc.) grew by 13.8% year on year. In terms of regions, the growth rate of Internet business income in the central region is leading, while the decline of income in the northeast region is narrowing. In the first quarter, the Internet business revenue of the eastern region was 337.8 billion yuan, up 7.4% year on year, accounting for 88% of the national Internet business revenue; The Internet business revenue in the central region reached 20.34 billion yuan, up 24.6% year on year; The revenue from Internet business in the western region reached 25.04 billion yuan, up 10.8% year on year; Internet business revenue in Northeast China reached 838 million yuan, down 4.2% year on year. Internet business revenue in Beijing Tianjin Hebei and Yangtze River Delta regions has steadily increased. In the first quarter, Beijing Tianjin Hebei region achieved 120.8 billion yuan of Internet business revenue, up 9.1% year on year, accounting for 31.5% of the national Internet business revenue; The Yangtze River Delta region completed 143.8 billion yuan of Internet business revenue, up 5.9% year on year, accounting for 37.5% of the national Internet business revenue. In addition, more than half of the regions achieved positive growth in Internet business growth. In the first quarter, Beijing (up 9.1%), Shanghai (up 8.5%), Guangdong (up 10%), Zhejiang (up 3.7%) and Tianjin (up 14.2%), which ranked the top five in terms of cumulative Internet business revenue, achieved business revenue of 312.4 billion yuan, up 8.4% year on year, accounting for 81.4% of the national Internet business revenue (excluding trans regional enterprises). There are 16 provinces (autonomous regions and municipalities) where the growth rate of Internet business has achieved positive growth, including Gansu and Anhui, where the growth rate has exceeded 50%, and Xinjiang and Guangxi, where the decline rate has exceeded 40%. (Lai Xin She)