Watch out Microsoft and Oracle: Here come the Chinese software giants!

Barry van WykSource LinkYesterday, the Ministry of Industry and Information Technology reported that total revenues of China’s software industry in the first four months of 2022 were 2.77 trillion yuan ($416.24 billion), a year-on-year increase of 10.8%. Net profits were 278.5 billion yuan ($41.79 billion), a year-on-year decrease of 1.4%. For the whole of 2021, revenues were 9.49 trillion yuan (