智能体对话正在告别"纯文本时代"！近日，腾讯云智能体开发平台（ADP）重磅上线国内首个"AI原生Widget"，面向企业客户提供"富交互任务交付"能力， 只需自然语言描述，就能实时生成表单、按钮等交互组件。该能力还同步在腾讯元器（一站式AI智能体创作与分发平台）生态侧落地，支持创作者一键生 成交互卡片。 值得一提的是，这一功能还兼容 OpenAI 生态的 Widget 接入规范，外部 Widget 可依据标准协议直接导入复用，进一步拓展智能体能力边界与生态扩展空 间。 在传统的大模型对话中，文本输出是主要形式。海量的文字堆砌，不仅抬高理解成本，而且完成单一任务需要多轮来回沟通，效率低且体验不佳。Widget作 为可嵌入式的自定义展示组件，能在智能体对话流中，灵活融入图表、表单、按钮等"富交互"模块，将对话界面升级为沉浸式任务平台，引导用户按步骤操 作，大幅提升信息传递与任务执行效率。 当前国内的智能体平台构建Widget时，普遍采用传统"拖拉拽式低代码+手动配置字段/数据源映射关系"的方式，流程繁琐、耗时久、稳定性一般，难以适配 高效开发的需求。针对这一痛点，腾讯云ADP推出的AI原生Widget，提供了模版 ...

连日来，深圳多家头部保险机构出炉了年度理赔报告，多个数据与深圳人健康趋势息息相关，为市民健 康管理与风险防范提供了参考。那么，如何从保险视角看深圳人乃至国人的大健康数据？记者注意到， 30-50岁成深圳重疾出险"主流人群"，甲状腺、肺和乳房恶性肿瘤相对高发，且有年轻化趋势，其中重 疾出险最小仅2岁。同时，中年人群肝病、高血压风险上升；白血病则是深圳少儿健康的主要"杀手"。 从理赔角度看，2025年深圳头部保险机构全年赔案总量和金额普遍呈现增加趋势。 深圳重疾赔付TOP5(不含轻度重疾)。数据来自平安人寿深分 而从平安人寿公布的2025年深圳十大赔案看，事故原因涵盖了胃癌、急性冠脉综合征、卵巢癌、肝衰 竭、甲状腺癌、肺癌、甲状腺癌，最年轻为20多岁。 重疾赔付映射出市民健康防线的薄弱环节。记者从其"深圳地区重疾赔付TOP5(不含轻度重疾)"列表看 到，肿瘤与心血管疾病仍是"头号威胁"，其中恶性肿瘤（重度）占比超八成，较重急性心肌梗死占比 7.3%，严重慢性肾衰竭占1.7%，严重脑中风后遗症占1.7%，另外冠状动脉搭桥术占1.1%。而从恶性肿 瘤的赔付维度看，深圳男性主要来自肺癌、甲状腺癌、结直肠癌、肝癌、鼻咽癌 ...

腾讯混元HY-MT1.5-7B是腾讯于2025年12月正式开源的高性能机器翻译模型，是混元翻译模型1.5系列中的升级版本。支持33种 语言，包括中文、英语、日语等常用语种，以及5种中国少数民族语言、方言互译。在FLORES-200基准测试中得分约82-85%， 推理速度方面，在典型硬件上处理50个token的响应延迟约为0.45秒。该系列模型已应用于腾讯会议、企业微信、QQ浏览器和客 服翻译等腾讯核心业务中。 2025年3月，腾讯宣布将关停旗下的腾讯翻译君业务，包括App、在线网站和小程序，后续不再提供任何在线服务并将删除所有 用户的个人信息。此外还表示，翻译服务将完全迁移至腾讯元宝。 1月16日消息，腾讯元宝上线"同传翻译"功能。该功能使用腾讯混元HY-MT1.5-7B模型，从而提升翻译准确度。将元宝升级至最 新版本后，在右上角语音通话中选择该模式即可使用该功能。 ...

微信小游戏团队推出的"真金白银"激励政策是推动小游戏生态发展的核心动力。自2026年1月1日 起，微信小游戏正式升级IAP小游戏激励政策，将首发新游戏激励金上限提升至400万元。新政实施 后，首发新游戏享受"新游期"与"成长期"的双重激励。对于处于首发期的游戏，近30天内IAP内购流水 每满200万元，平台将额外给予流水5%的现金激励，不设上限。 一位业内分析师向《证券日报》记者表示："在游戏上线的黄金窗口期，开发者将获得更充足的资 金支持用于游戏成长。对中小团队而言，这无疑是雪中送炭。" 在分成模式上，平台也做出了重大调整。微信小游戏宣布已经接入苹果的"小程序合作伙伴计划"， 开发者在70%分成比例的基础上，将额外获得微信小游戏提供的15%优惠。 微信小游戏凭借"轻量"特征，成长为月活用户达数亿的庞大生态。1月15日，微信小游戏团队披 露，微信IAP（应用内购买）小游戏月活跃用户达到3亿，IAA（应用内广告）小游戏月活跃用户达到4 亿。 在开发者生态方面，微信小游戏平台累计开发者数量超过了40万，2025年首次在小游戏平台完成作 品发布的开发者就超过5000人。 当前，小游戏生态已成为IP价值衍生的新沃土。 ...

Core Viewpoint - The article emphasizes the importance of practical learning experiences in cutting-edge technology and investment research, highlighting the collaboration between entrepreneurs and top-tier companies to explore new opportunities in emerging industries [12][24]. Schedule Overview - The schedule for 2025 includes visits to leading companies in various sectors such as AI, robotics, and new energy, with specific dates and locations outlined for each event [5][9][10]. - Notable events include visits to companies like Tesla, Google, and various AI and robotics firms, providing participants with firsthand insights into industry trends and innovations [7][8][24]. Learning Experience - The program offers deep exploration into the development of cutting-edge technologies, allowing participants to witness the entire process from laboratory to industrialization [12]. - Participants engage in top-level dialogues with founders and executives, gaining insights into strategic decisions and industry disruption logic [12][24]. Participant Feedback - Feedback from participants highlights the value of the program in enhancing their understanding of macroeconomic trends and investment strategies, as well as fostering connections among entrepreneurs [46][47]. - Participants express appreciation for the practical approach of the program, which combines theoretical knowledge with real-world applications in leading technology firms [42][44].

智通财经APP获悉，周五，美股三大指数齐跌。恒生指数ADR下跌，按比例计算，收报26581.34点，较香港收市跌263.62点或0.98%。 大型蓝筹股多数下跌，汇丰控股收报128.695港元，较香港收市涨0.15%;腾讯控股收报612.833港元，较香港收市跌0.76%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价(HKD) | 较浅 较港股升跌 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | 0) 00700 | 617.500 | -4.500 | -0.72% | TCEHY | 612.833 | -4.667 | | 2 | M-BBBB08 | 09988 | 166.200 | +1.600 | 0.97% | BABA | 161.200 | -5.000 | | 3 | 汇丰控股 | 00005 | 128.500 | +0.300 | 0.23% | HSBC | 128.695 | +0.195 | | 4 | 建设银行 | 0093 ...

Company Overview - Tencent's main businesses in gaming, advertising, finance, and enterprise services are expected to maintain high-quality growth, with AI accelerating talent deployment [1] Gaming Performance - Domestic gaming revenue is projected to grow by 12% year-on-year in Q4, supported by stable performance of established games like "Honor of Kings" and rising revenue from new titles like "Delta Action" [1] - Overseas gaming growth is expected to normalize with a 24% year-on-year increase in Q4, driven by high revenue from Supercell's "Clash Royale" [1] - For 2026, revenue growth is anticipated to be influenced by deferred income from high revenue in 2025 and upcoming titles such as "Honor of Kings World" and "Crossfire: Rainbow" [1] Advertising and Financial Services - Advertising revenue is expected to grow by 19% year-on-year in Q4 2025, with healthy growth anticipated in 2026 due to deeper utilization of ecosystems like video accounts and mini-programs, as well as enhanced user engagement through AI [2] - Financial and enterprise services revenue is projected to grow by 10% year-on-year in Q4 2025, with financial services experiencing a potential slowdown in payment growth due to macroeconomic disturbances [2] - Enterprise services are expected to benefit from revenue growth in video account e-commerce technology services and cloud computing [2] AI Strategy and R&D Investment - Tencent's AI strategy is entering an accelerated phase, with significant R&D investments expected to continue growing [2] - The appointment of former OpenAI researcher Yao Shunyu as Chief AI Scientist and the release of the 2.0 version of the mixed Yuan model in December highlight the company's commitment to AI development [2] Financial Forecast and Valuation - Revenue forecasts for 2025 remain unchanged, while the 2026 revenue forecast has been slightly reduced by 1% to 831.7 billion yuan [2] - Non-IFRS profit estimates for 2025 and 2026 have been increased by 1% to 262.9 billion yuan and 294.8 billion yuan, respectively, with new projections for 2027 set at 903.5 billion yuan in revenue and 326.9 billion yuan in profit [2] Rating and Target Price - The company maintains a "outperform" rating with a target price of 700 HKD, corresponding to 19x/17x 2026e/2027e Non-IFRS P/E, indicating an 11% upside from the current stock price [3]

中经记者 许心怡 吴可仲 上海报道 一些大DAU（日活跃用户数）游戏正在UGC（用户生成内容）模式上发力——向玩家开放游戏内的美 术资产、音乐、玩法等，并提供易上手的编辑器，供玩家挥洒创意。 游戏厂商此举可以将一部分研发工作分摊给广大玩家，由他们创造出海量玩法，从而解决游戏内容研发 遇到的增长瓶颈问题。不仅如此，由玩家参与创意，还能激活社交传播，进一步完善商业模式。 在海外，不乏Roblox、《我的世界》等发展成熟的UGC平台。而此类平台未能在中国获得同样的人 气。不过，DataEye研究院负责人刘尊向《中国经营报》记者表示，UGC平台的模式在大DAU游戏中有 可能实现。在他看来，大DAU游戏自带庞大用户基数，并且国内游戏厂商已逐步完善扶持体系，解决 了此前创作者面临的工具和收益问题。 拓展玩家创作边界 2025年10月，《原神》在游戏内推出UGC模式"千星奇域"——玩家可以使用编辑器"千星沙箱"，调用 《原神》中海量的玩法功能与资产，在《原神》内创建自己的小游戏，供其他玩家游玩。 截至2026年1月3日，"千星奇域"模式吸引了超过3万名创作者，累计创作的地图关卡总游玩人次超过1.5 亿。这些UGC内容中，既 ...

Group 1 - The core viewpoint of the articles highlights the rapid growth and significant user engagement of WeChat mini-games, with monthly active users reaching 300 million for IAP mini-games and 400 million for IAA mini-games [1] - The developer ecosystem for WeChat mini-games has surpassed 400,000 developers, with over 5,000 developers publishing their first works on the platform in 2025 [1] - Mini-games are becoming a new fertile ground for IP value derivation, with 70 mini-games achieving daily active users in the millions and over 300 games generating quarterly revenues exceeding 10 million yuan [1] Group 2 - 80% of the developers on the WeChat mini-game platform are teams with fewer than 30 members, allowing smaller teams to find opportunities in a market dominated by larger investments [2] - The introduction of a new incentive policy for IAP mini-games, increasing the maximum incentive for newly launched games to 4 million yuan, is a key driver for the growth of the mini-game ecosystem [2] - The revenue-sharing model has been adjusted to provide developers with an additional 15% discount on top of the 70% revenue share, enhancing financial support for developers during the critical launch period [2] Group 3 - The contribution of mini-games to Tencent's financial performance is evident, with growth in video account live service revenue and mini-game platform service fees contributing to a 5% increase in social network revenue in Tencent's Q3 2025 financial report [3] Group 4 - The "going global" strategy for mini-games is accelerating, with low-cost, short-cycle development of light games at its core, relying on overseas traffic platforms for user acquisition [4] - The PC segment is becoming the fastest-growing area for mini-games, with a 30% increase in active users, a 35% increase in in-app purchase revenue, and a 50% increase in payment penetration rate in 2025 [4] - The integration of AI technology into the mini-game ecosystem is being supported by a new growth plan for AI applications and online tools, providing developers with comprehensive resources [4]

过去两年，AI原生应用多聚焦于内容生成、知识问答等轻交互场景。但随着竞争升维，头部玩家纷纷将AI助手从"信息中 介"升级为"任务执行者"。 除了阿里将千问App接入生态内核心业务之外，其他头部公司也积极争夺AI"超级入口"。 本报记者 袁传玺 随着大模型技术趋于成熟、算力成本持续下探、数据治理体系逐步完善，AI正从"能做什么"的技术验证阶段，加速迈 向"怎么用好"的商业化落地周期。在此背景下，一场围绕"超级入口"的争夺战在科技巨头间全面打响。 1月15日，阿里巴巴集团控股有限公司（以下简称"阿里"）正式宣布，千问App全面接入淘宝、高德、支付宝等核心业务。 用户只需一句自然语言指令，千问App即可在端内完成商品推荐、比价、下单、支付全流程，全程无需跳转其他App。此前， 字节跳动、腾讯等巨头也纷纷布局，争抢"第一触点"。 有业内人士对《证券日报》记者表示，在这场重塑数字生态格局的竞争中，谁能率先构建起"对话即应用"的能力，谁就可 能掌握未来十年AI时代的流量命脉与商业主动权。 AI助手升级为"任务执行者" 信任与安全是关键 如果说软件层面的AI助手是"大脑"，那么硬件载体则是"躯体"。2025年下半年以来，入 ...