China's 2024 data market transaction volume tops 160 billion yuan

BEIJING, Jan. 10 (Xinhua) -- The transaction volume of China's data market is estimated to have topped 160 billion yuan (about 22.26 billion U.S. dollars) in 2024, up more than 30 percent year on year, according to the National Data Administration.

China accelerated its construction of data infrastructure in 2024. By the end of the third quarter, the total number of data center racks in use exceeded 2.11 million, a year-on-year increase of more than 100 percent, administration head Liu Liehong said at a national data work conference on Friday.