A guest tries out a pair of augmented reality glasses during the 2022 World Internet Conference held in Wuzhen, Zhejiang province. (WEI XIAOHAO / CHINA DAILY)

BEIJING - China's major internet enterprises saw their spending on research and development (R&D) resume a double-digit expansion in the first 10 months of 2022, official data showed.

During this period, R&D spending of these firms totaled 63.67 billion yuan (about $9.03 billion), up 10.4 percent year-on-year, with a pace 1.6 percentage points faster than that recorded in the first three quarters, according to the Ministry of Industry and Information Technology.

Business revenue of firms mainly providing online sales services soared 16.3 percent compared to one year earlier -- a pace 1 percentage point faster than the Jan-Sept period

The combined business revenue of major internet companies and related services companies edged down 0.8 percent year-on-year to 1.22 trillion yuan, but the decline narrowed 0.1 percentage points from the first three quarters, the data showed.

Specifically, business revenue of firms mainly providing online sales services soared 16.3 percent compared to one year earlier -- a pace 1 percentage point faster than the Jan-Sept period.

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Major internet companies and related services companies are those with an annual business revenue of at least 20 million yuan.