Core Viewpoint - The strategic partnership between Zhongshouyou and OSL Group aims to promote the application of compliant stablecoin ecosystems by integrating OSL's financial infrastructure with Zhongshouyou's global IP gaming ecosystem [1] Group 1: Strategic Cooperation - Zhongshouyou and OSL Group announced their strategic cooperation on August 15, focusing on the integration of OSL's compliant virtual asset financial infrastructure with Zhongshouyou's extensive gaming payment applications [1] - The collaboration is expected to connect OSL's stablecoin service network for financial institutions with Zhongshouyou's broad gaming payment scenarios, injecting "fresh water" into the market and accelerating the application of compliant stablecoins in both the real economy and digital entertainment sectors [1] Group 2: Business Complementarity - The strategic cooperation is based on the high complementarity of both companies' businesses, aiming to create a value closed loop from the underlying Web3 technology to upper-level compliance applications [1] - Both companies have reached a strategic cooperation intention to collaborate under a network of compliant licenses in multiple regions [1] Group 3: Technical Integration - Zhongshouyou will leverage its technical capabilities and industry influence, utilizing OSL's compliant digital asset custody and multi-chain, multi-currency unified settlement tools to provide 24/7 global cross-border payment and settlement services to its industry ecosystem partners [1]

8月15日，中手游与数字金融基建平台OSL集团（股票代码：0863.HK）共同宣布，双方已达成战略合 作。据介绍，双方将共同推动合规稳定币生态合作应用场景。中手游表示，基于OSL提供的合规数字资 产托管、及多链、多币种的统一结算层工具，向中手游所辐射的行业生态伙伴提供24/7全球跨境支付及 结算服务。 ...

Core Insights - The event "New Cultural Creation Ignites New Consumption" held in Shanghai focused on the intersection of digital culture and consumer behavior, emphasizing the importance of IP cross-industry empowerment and innovation in the digital cultural industry [8][10][12]. Group 1: Industry Trends - Digital cultural IP is reshaping the consumption logic of young people, with local governments promoting ecological collaboration in the cultural industry [8][10]. - The integration of technologies like AIGC and business models such as "Guzi Economy" and "Co-branding Economy" is expected to break down industry barriers and drive high-quality economic development [8][10]. - The concept of "emotional embedding" and "social interaction empowerment" is crucial for brands to maintain consumer enthusiasm, as young consumers prioritize emotional connections with products [9][10]. Group 2: Brand Collaboration Strategies - Brands are increasingly focusing on "tone alignment" when selecting collaboration partners, ensuring that the IP's characteristics resonate with their own brand identity [10][11]. - Softstar Technology emphasizes the importance of cultural depth and innovation in collaborations, showcasing successful partnerships with various brands to enhance consumer engagement [10][11]. - Century Huatong has successfully collaborated with hotels and traditional brands, demonstrating that diverse partnerships can rejuvenate brand images and attract younger audiences [11][12]. Group 3: Challenges and Considerations - The tea beverage brand Lemon Right has observed a slowdown in collaboration frequency, highlighting the need for brands to focus on building their own identity while selectively engaging in IP collaborations [13][14]. - Concerns about the effectiveness of collaborations in delivering added value are prevalent, with brands emphasizing the importance of product quality before pursuing co-branding opportunities [14][15]. - The integration of AI in IP collaborations is gaining traction, but many companies remain cautious due to concerns about AI-generated content potentially harming brand reputation [15][16]. Group 4: Intellectual Property Protection - Intellectual property protection is essential for maintaining the value and scarcity of IP, with significant investments required to cultivate successful IPs [16][17]. - The rise of counterfeit products poses challenges for IP holders, necessitating proactive measures to protect brand reputation and market integrity [16][17]. - The industry is actively exploring various legal pathways for protecting intellectual property rights, indicating a collective effort to address infringement issues [16][17].

格隆汇8月7日丨中手游(00302.HK)公告，公司将于2025年8月27日(星期三)举行董事会会议，藉以(其中 包括)考虑及批准公司及其附属公司截至2025年6月30日止6个月中期业绩及其发布，以及考虑派发中期 股息(如有)。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 CMGE Technology Group Limited 中手游科技集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：0302） 召開董事會的通知 中手游科技集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於2025年 8月27日（星期三）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公 司截至2025年6月30日止六個月之中期業績及其發佈，以及考慮派發中期股息（如 有）。 承董事會命 中手游科技集團有限公司 董事長 肖健 香港，2025年8月7日 於本公告日期，董事會包括執行董事肖健先生、冼漢廸先生榮譽勳章，太平紳士及樊英傑先生；非執行 董事張聖晏先生及江育凱先生；以及獨立非執行董事伍綺琴女士、唐亮先生及何猷啟先生。 ...

Group 1 - The core point of the article is that Zhong Shouyou has announced an internal anti-corruption notice regarding the former general manager of its Mantianxing studio, Jiang, who has been criminally detained for serious job-related crimes [2][4] - Mantianxing studio was established in the first half of 2021 and is one of three research and development studios under Zhong Shouyou [4] - Jiang led the development of the game "Xianjian World," which was launched earlier this year with a development investment exceeding 300 million yuan [4] Group 2 - Zhong Shouyou has stated that it will continue to cooperate with investigations and emphasizes its core value of "integrity and trustworthiness," urging employees and partners to maintain a clean business environment [4] - The case of Jiang is not an isolated incident, as the gaming industry is undergoing a period of compliance and rectification, with other companies like Perfect World blacklisting problematic outsourcing firms and dealing with high-level executives [4]

Group 1 - The core point of the article highlights the strong performance of mobile gaming stocks in the Hong Kong market, driven by the earnings surprise from Xindong Company, which saw its stock price surge over 24% [1] - Xindong Company expects revenue for the first half of 2025 to be no less than 3.05 billion yuan, representing a year-on-year growth of approximately 37%, and a net profit of no less than 790 million yuan, indicating a year-on-year increase of about 215% [1] - The report from the China Audio-Video and Digital Publishing Association indicates that the domestic gaming market's actual sales revenue for the first half of 2025 is projected to reach 168 billion yuan, a year-on-year growth of 14.08%, marking a historical high [1] Group 2 - The stock performance of various mobile gaming companies includes IGG rising nearly 10%, Chuangmeng Tiandi and Zhongshouyou increasing over 6%, and Feiyu Technology up by 4% [2] - The latest market capitalization figures show Xindong Company at 34.826 billion yuan, IGG at 5.323 billion yuan, and Chuangmeng Tiandi at 2.138 billion yuan, among others [2] - The total number of domestic gaming users reached 679 million, also a historical high, reflecting the growing engagement in the gaming sector [1]

Group 1 - The core point of the article highlights a significant rise in mobile gaming stocks in the Hong Kong market, driven by the earnings forecast from Xindong Company, which saw its stock price increase by over 24% [1][2]. - Xindong Company expects its revenue for the first half of 2025 to be no less than 3.05 billion yuan, representing a year-on-year growth of approximately 37%. The net profit is projected to be no less than 790 million yuan, an increase of about 215% year-on-year [2]. - Other mobile gaming stocks also experienced gains, with IGG rising nearly 10%, Chuangmeng Tiandi and Zhongyou Game both increasing over 6%, and several others showing positive growth [1][2]. Group 2 - According to the China Audio-Video and Digital Publishing Association, the actual sales revenue of the domestic gaming market in the first half of 2025 is expected to reach 168 billion yuan, marking a year-on-year increase of 14.08%, setting a new historical high [3]. - The number of domestic gaming users is projected to reach 679 million, also achieving a historical peak [3].

Group 1 - The 22nd China International Digital Interactive Entertainment Expo attracted over 800 exhibitors and more than 410,000 attendees, generating approximately 661 million yuan in surrounding service consumption [1] - The "2025 China Game Industry Report" indicates that both domestic and overseas market revenues for the Chinese gaming industry saw year-on-year growth in the first half of the year, with new growth opportunities and commercialization directions emerging [1] - The global mobile and PC gaming market is expected to exceed $120 billion by 2028, with mobile game in-app purchase revenue projected to grow by 6% in 2025, reaching $85.4 billion [1] Group 2 - Analysts noted that the gaming industry is experiencing a robust recovery, with increased foot traffic and player enthusiasm at this year's expo compared to last year [2] - The domestic mobile game market size grew by 20% year-on-year from January to May, while the number of domestic game licenses increased by 21% in the first half of the year, reaching a new high for June [2] - Gaming platforms are expected to benefit from increased user activity and advertising revenue, alongside the launch of new games and the steady operation of established titles [2] Group 3 - The gaming sector includes companies listed in Hong Kong such as Tencent (00700), NetEase-S (09999), Bilibili-W (09626), and others [3]

Core Viewpoint - The gaming industry is undergoing significant scrutiny and internal investigations, highlighted by the corruption case involving a senior manager at Zhongyou Mobile, which has led to a sharp decline in the company's stock price and raised concerns about the performance of its flagship game, "Xianjian World" [1][4]. Group 1: Company Developments - Zhongyou Mobile's internal corruption report revealed that Jiang Haitao, the former general manager of the Man Tian Xing studio, was detained for serious job-related crimes [1]. - "Xianjian World," which had over 300 million yuan invested in its development, initially topped the iOS free chart but quickly fell to 36th place within a weekend, indicating poor market performance [1][2]. - The game received negative feedback from players, citing issues such as severe frame drops and lackluster content design, which did not meet expectations for the "Xianjian" IP [2][3]. - Following the corruption report, Zhongyou Mobile's stock price dropped by 5.56%, with a total market value of 1.528 billion HKD, reflecting a decline of over 30% year-to-date [4]. Group 2: Industry Context - The gaming industry is experiencing a wave of internal purges, with companies like Perfect World and Bilibili also taking action against executives involved in misconduct [6][7]. - The reliance on outsourcing in the gaming sector, where art and special effects outsourcing can account for 30%-50% of total development costs, creates opportunities for management to exploit their authority for personal gain [7][8]. - Zhongyou Mobile is facing its largest loss since its listing, with a net loss of 2.08 billion yuan projected for 2024, prompting the company to accelerate plans for the "Xianjian Qixia Chuan" IP to unlock new commercial potential [5].