Report: The market value of China’s listed Internet enterprises continued to decline in the first quarter of 2024
According to the research report on the operation of China’s Internet listed enterprises in the first quarter of 2024 by the Chinese Academy of Information Technology and Communications, in the first quarter of 2024, with the continuous slowdown of the global economy, the impact of domestic and foreign policy environments and industrial emergencies, the global stock index has been divided, the market confidence is insufficient, and the valuation of overseas Chinese companies has fluctuated. The market value of China’s listed Internet enterprises continues the downward trend since last year. By the end of March 2024, the total market value of China’s listed Internet enterprises was 9.4 trillion yuan, down 3.1% from the previous quarter.