More Chinese firms turn to Internet amid economic slowdown

[Blake]

An increasing number of Chinese enterprises have taken to the Internet to do business more effectively and efficiently in light of the current economic downturn, according to data from the country's Internet regulator.

China had 8.73 million registered domain names at the end of June, and 3.98 million were registered using ".cn" domain names, the China Internet Network Information Center (CNNIC) said Monday.

The number of Chinese websites using ".cn" domain names in the first half of this year was up 460,000 from the end of 2011, marking the fastest biannual growth since 2008, according to CNNIC.

The ".cn" suffix is a so-called Top Level Domain for China, like ".com" or ".net," and individuals and companies seeking to create a web address are required to be approved by CNNIC.

Of those newly-added ".cn" websites, about 71 percent were domestic companies, particularly small and medium-sized enterprises (SMEs).

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Courtesy of:Xinhua @ GlobalTimes.cn