(Yicai Global) Feb. 2 -- China's internet sector registered robust business revenue and profit growth in 2021, data from the Ministry of Industry and Information Technology (MIIT) shows.

Last year, the business revenues of major internet and related services companies in the country amounted to approximately CNY1.55 trillion (USD243.2 billion), surging 21.2 percent year on year.

Major internet and related services companies raked in a total of CNY132 billion in profits, registering a 13.3 percent year-on-year increase.

Spending on research and development at major internet and related services companies rose 5 percent year on year to CNY75.4 billion.

MIIT statistics cover enterprises with annual revenue from internet services of above CNY5 million the previous year.