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INDICS > Press Center > Top News

Internet data services continue growth path

By  : INDICS Operator Updated  :   2020-07-23 09:12:37

China's internet data services, including data center and cloud computing businesses, realized 11.62 billion yuan ($1.67 billion) in revenue in 2019, an increase of 25.6 percent from a year earlier, People's Daily reported on Wednesday, citing a report from the China Academy of Information and Communications Technology.


The figure came from internet data services showing new infrastructure construction is on a fast track, and big data has become a new driving force in China's high-quality economic development, People's Daily said.

On July 3, Tencent's cloud computing data center started running in Qingyuan, Guangdong province with more than 1 million servers to carry out digital technologies including cloud computing, big data, artificial intelligence, blockchain and the Internet of Things.

The digital economy brings changes in production factors, as data is becoming a new production factor and computing power is becoming a new productive force, said Tong Fuyao, senior vice-president of Lenovo.

China has 74,000 data centers in 2019, accounting for 23 percent of the global total. As telecommuting and remote work were popularized this year, the revenue of internet data service is expected to keep growing.

Various industries are embracing digital transformation, as shown by solving crop problems via app to improve agricultural production efficiency and inspecting product quality with smart equipment.


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