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China’s Internet sector research and development spending logs robust growth

BEIJING (XINHUA) – 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 totalled CNY63.67 billion (about USD9.03 billion), up 10.4 per cent year on year, with a pace 1.6 percentage
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