According to the China Academy of Information and Communications Technology, as of the end of September, the total market value of listed internet companies in China reached 12.5 trillion yuan, an increase of 25.4% month-on-month
On December 19th, the China Academy of Information and Communications Technology released the research report "Operational Status of China's Listed Internet Enterprises in the Third Quarter of 2024." In the third quarter of 2024, the Federal Reserve's interest rate cuts further released liquidity, leading to an overall rise in major global stock markets. The Chinese government launched a package of stimulus policies, boosting investors' confidence in corporate earnings and economic recovery, which significantly increased the market value of China's listed internet enterprises. As of the end of September 2024, the total market value of China's listed internet enterprises reached 12.5 trillion yuan, a quarter-on-quarter increase of 25.4%
According to the Zhitong Finance APP, on December 19, the China Academy of Information and Communications Technology released the research report "Operational Status of Listed Internet Enterprises in China in the Third Quarter of 2024." In the third quarter of 2024, the Federal Reserve's interest rate cuts further released liquidity, leading to an overall rise in major global stock markets. The Chinese government introduced a package of stimulus policies, boosting investors' confidence in corporate profits and economic recovery, which significantly increased the market value of listed internet enterprises in China. As of the end of September 2024, the total market value of listed internet enterprises in China reached 12.5 trillion yuan, a quarter-on-quarter increase of 25.4%.
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