Core Insights - Mastercard has partnered with Tencent's cross-border payment platform TenPay Global to enhance digital remittance services, allowing users to transfer funds directly to WeChat Pay wallets or linked bank accounts [1][4] - The World Bank projects that China will receive approximately $31.41 billion in personal cross-border remittances in 2024, highlighting the growing demand for fast, secure, and convenient remittance solutions [1][4] - The collaboration aims to leverage Mastercard Move's global network and technology capabilities alongside WeChat's extensive user base, creating a streamlined channel for cross-border remittances [1][4] Company and Industry Summary - Mastercard Move is designed to provide fast and secure fund transfer solutions for payers, banks, and non-bank financial institutions, currently covering nearly 10 billion payment endpoints globally [3][6] - The service has expanded its reach to over 1.4 billion WeChat and WeChat users, significantly increasing options and convenience for remitters and recipients [6] - The solution supports over 150 currencies and is available in more than 200 countries and regions, serving over 95% of bank account holders worldwide [3][6] - Anouska Ladds, Mastercard's Executive Vice President for Asia Pacific, emphasized the importance of digital wallets in daily life and the partnership's role in advancing Mastercard's vision for payment modernization [2][5] - Yang Wenhui, CEO of TenPay Global, highlighted the commitment to providing users with more convenience and choices for remittances, addressing the growing demand for cross-border payment solutions [2][5]

2025.12.09 红蚁资本投资总监李泽铭向第一财经记者表示，腾讯近期表现相对疲弱，股价跌破600港元后，已位于 多条均线下方，同时跌破10月中旬及11月中旬的低点。 "近日相较于大盘，腾讯走势明显偏弱，恒生指数尚未跌破10月及11月的低点，而腾讯作为权重股已失 守过去两个月的支撑区间。"他认为，这种调整更多受投资情绪影响，腾讯自身业务并未受到平台经济 竞争加剧或芯片入口竞争等因素冲击。无论是社交媒体、游戏、广告，还是企业云服务，除企业服务 外，其余三大业务领域均具备较高行业壁垒，腾讯在相关赛道竞争优势显著，业务增长相对稳定。 李泽铭称，展望后市行情，市场期待的外部催化则包括美联储进一步降息、流动性预期改善，美国总统 特朗普提名美联储新任候选人，以及人工智能AI应用落地带来的投资回报。在科技板块整体调整过程 中，若寻求风险较低、具备反弹潜力的标的，腾讯控股依然是比较好的选择。 光大证券国际策略师伍礼贤向第一财经分析，近期港股整体回落过程中，恒生科技指数表现相对稳健， 此前科技股已提前调整，因此在大盘进一步回落阶段，科技指数跌幅相对温和。中长期来看，科技股仍 具备表现机会。港交所当日推出"科技100"新指数也 ...

2025.12. 09 本文字数：1125，阅读时长大约3分钟 作者 | 第一财 经 李隽 12月9日下午，腾讯控股（00700.HK）一度跌破600港元大关，最低触及596港元；恒生科技指数 则出现缩量下跌的情况，跌幅逼近2%，小米集团（01810.HK）、百度集团（09888.HK）等部分 个股跌幅超过3%。 有业内人士认为，虽然腾讯第三季度实现了超预期的业绩，但近期走势弱于港股大盘；不过，随着美 联储降息比较确定，如果港股出现明显反弹，腾讯等这些科技股龙头依然是比较稳妥的选择。 "近日相较于大盘，腾讯走势明显偏弱，恒生指数尚未跌破10月及11月的低点，而腾讯作为权重股 已失守过去两个月的支撑区间。"他认为，这种调整更多受投资情绪影响，腾讯自身业务并未受到平 台经济竞争加剧或芯片入口竞争等因素冲击。无论是社交媒体、游戏、广告，还是企业云服务，除企 业服务外，其余三大业务领域均具备较高行业壁垒，腾讯在相关赛道竞争优势显著，业务增长相对稳 定。 李泽铭称，展望后市行情，市场期待的外部催化则包括美联储进一步降息、流动性预期改善，美国总 统特朗普提名美联储新任候选人，以及人工智能AI应用落地带来的投资回报。在科技 ...

Core Viewpoint - The article discusses how generative artificial intelligence (AI) is transforming the advertising industry by evolving from traditional advertising methods to intelligent systems that understand user intent and behavior, thereby creating a complete feedback loop in advertising processes [3][4][5]. Group 1: Evolution of Advertising Technology - Generative AI is reshaping the underlying logic of advertising systems globally, moving from programmatic advertising to intelligent systems that can analyze user emotions and behaviors [3]. - The integration of AI in advertising processes, such as content generation and intelligent auditing, is becoming widespread, as seen in platforms like Google's Gemini model and Tencent's "Miao Si" [3][4]. - The advertising logic has fundamentally changed, with generative AI enhancing precision and efficiency in cross-border e-commerce advertising through insights and automated content generation [4][6]. Group 2: Advertising Mechanisms and User Experience - The rise of AI assistants is diversifying advertising entry points, moving away from traditional app-centric models to AI-driven interactions [7]. - Generative AI significantly boosts the efficiency of ad material production, allowing for real-time understanding of user intent and enhancing the effectiveness of supply-demand conversion [8]. - The goal of achieving "one person, a thousand faces" in advertising is becoming feasible, as AI can generate personalized content based on individual user contexts and preferences [9]. Group 3: Transformation of Advertising Agencies - AI is replacing repetitive tasks in advertising agencies, prompting a shift towards higher-value activities such as consumer insights and creative strategy [11]. - New roles are emerging within advertising agencies, such as "model optimizers" and "intelligent material arrangers," reflecting the industry's adaptation to AI technologies [11][12]. - The collaboration between AI and human creativity is evolving, with AI acting as a real-time collaborator in the creative process [12]. Group 4: Regulatory and Governance Challenges - The rapid adoption of AI in advertising raises governance challenges, including the need for a new regulatory framework that balances innovation and risk management [20][21]. - Issues such as algorithmic bias, data privacy, and the need for transparency in AI-generated content are critical concerns for the industry [13][15][17]. - The complexity of cross-border advertising compliance and cultural adaptation presents additional challenges for brands leveraging AI in global markets [18][19]. Group 5: Strategies for Addressing Challenges - Companies are encouraged to explore a "light regulation + co-governance" model to foster innovation while managing risks associated with AI in advertising [22]. - Platforms should enhance their risk control mechanisms by investing in algorithm optimization and ensuring compliance with advertising standards [23]. - Brands are advised to develop their own intelligent systems to maintain consistency in content generation while leveraging AI's efficiency [26].

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，腾讯科技（深圳）有限公司申请一项名为"应答处理方法、装置、电子设备 及介质"的专利，公开号CN121094113A，申请日期为2025年8月。 专利摘要显示，本公开提供了一种应答处理方法、装置、电子设备及介质。该应答处理方法包括：获取 输入查询；利用推理链识别模型处理输入查询，得到多个推理链，其中，多个推理链互不相同，每个推 理链包含推理链识别模型由输入查询推理至输入查询对应的应答的多个推理步骤；通过应答大模型在多 个推理链中，确定目标推理链，应答大模型的参数规模大于推理链识别模型的参数规模；基于目标推理 链的推理结果，确定输入查询对应的应答。本公开实施例能够提高应答处理速度，显著降低应答延迟。 本公开实施例可应用于针对各种查询的应答处理的场景。 天眼查资料显示，腾讯科技（深圳）有限公司，成立于2000年，位于深圳市，是一家以从事软件和信息 技术服务业为主的企业。企业注册资本200万美元。通过天眼查大数据分析，腾讯科技（深圳）有限公 司共对外投资了15家企业，参与招投标项目277次，财产线索方面 ...

Core Viewpoint - Tencent Cloud has launched TManager, an intelligent operation and maintenance management platform designed to meet enterprise needs for operational efficiency, cost-effectiveness, and security compliance [2][10]. Group 1: Product Overview - TManager has been successfully operating within Tencent for years, providing intelligent operation services for millions of servers daily with a service quality exceeding 99.999% [2]. - The platform incorporates extensive operational experience from Tencent's internal practices, leveraging insights from over ten million nodes and hundreds of operational experts [2]. Group 2: Security Operations Management - TManager's security operations management includes modules for vulnerability management, security baseline scanning, security hardening, and command assistance, focusing on the full lifecycle management of system security vulnerabilities [3][5]. - The vulnerability management module offers an overview of security vulnerabilities, enabling quick assessment of system vulnerability status [3]. - The platform allows for one-click security fixes, facilitating batch and centralized security remediation to reduce manual complexity [5]. Group 3: Cluster Management - TManager features instance management and overall machine monitoring as core components for managing physical and virtual machine lifecycles and logical grouping [7]. - The overall machine monitoring module provides real-time performance monitoring across 32 key metrics, including CPU, memory, disk, and network, helping operations personnel quickly identify performance bottlenecks [7]. Group 4: Market Validation - TManager has been validated through internal use, demonstrating stability and efficiency in large-scale, complex production environments, which has led to its market launch [9]. - The platform has gained trust from benchmark clients, including Xinhua News Agency and an airport, particularly due to its support for fully private deployments [10]. Group 5: AI Integration and Operational Efficiency - TManager utilizes AI technology to alleviate the workload of operations personnel, allowing them to focus on business architecture optimization and strategic decision-making rather than repetitive tasks [10]. - The new features of TManager are expected to enhance the intelligence of operation management, providing a more efficient and convenient operational experience for enterprises [11].

有业内人士认为，虽然腾讯第三季度实现了超预期的业绩，但近期走势弱于港股大盘；不过，随着美联 储降息比较确定，如果港股出现明显反弹，腾讯等这些科技股龙头依然是比较稳妥的选择。 红蚁资本投资总监李泽铭向第一财经记者表示，腾讯近期表现相对疲弱，股价跌破600港元后，已位于 多条均线下方，同时跌破10月中旬及11月中旬的低点。 12月9日下午，腾讯控股（00700.HK）一度跌破600港元大关，最低触及596港元；恒生科技指数则出现 缩量下跌的情况，跌幅逼近2%，小米集团（01810.HK）、百度集团（09888.HK）等部分个股跌幅超过 3%。 "近日相较于大盘，腾讯走势明显偏弱，恒生指数尚未跌破10月及11月的低点，而腾讯作为权重股已失 守过去两个月的支撑区间。"他认为，这种调整更多受投资情绪影响，腾讯自身业务并未受到平台经济 竞争加剧或芯片入口竞争等因素冲击。无论是社交媒体、游戏、广告，还是企业云服务，除企业服务 外，其余三大业务领域均具备较高行业壁垒，腾讯在相关赛道竞争优势显著，业务增长相对稳定。 李泽铭称，展望后市行情，市场期待的外部催化则包括美联储进一步降息、流动性预期改善，美国总统 特朗普提名美联储新任 ...

美联储降息即将落地，科技股龙头或迎来布局机会。 李泽铭称，展望后市行情，市场期待的外部催化则包括美联储进一步降息、流动性预期改善，美国总统 特朗普提名美联储新任候选人，以及人工智能AI应用落地带来的投资回报。在科技板块整体调整过程 中，若寻求风险较低、具备反弹潜力的标的，腾讯控股依然是比较好的选择。 光大证券国际策略师伍礼贤向第一财经分析，近期港股整体回落过程中，恒生科技指数表现相对稳健， 此前科技股已提前调整，因此在大盘进一步回落阶段，科技指数跌幅相对温和。中长期来看，科技股仍 具备表现机会。港交所当日推出"科技100"新指数也反映市场对新兴产业中长期前景的看好。腾讯股价 已调整至600港元附近，阿里巴巴大约到150港元，上述价位为两只股份提供中长期布局机会，投资者可 以重点关注。 招银国际表示，2026年将是争夺AI时代用户心智的关键之年，降低使用门槛、助力提升决策效率、创 造真实价值是关注重点。而传统互联网业务中，具备稳定的主业现金流支撑AI相关业务投资和探索、 拥有丰富的应用场景积累数据触达用户、供应链能力突出且业务运营能力出众、能够支撑出海打开增量 空间的公司，具备更高的长期投资价值。 11月13日 ...

近日，七麦数据发布了2025年11月热门游戏排行榜，其中包括热门游戏下载榜Top30和热门游戏收入榜Top30。11月手游市场百花齐放，经典IP改编新游 一经上线便获得市场热度，老牌产品靠优质内容驱动实现了新一轮爆发……接下来让我们一起来看看吧！ 作为与《火影忍者》《海贼王》齐名的"三大民工漫" 之一，《死神》长期存在 "漫改手游断层"，市场上知名的相关手游产品较少，而「境·界 刀鸣」的上 线填补了这一市场空白。据悉，该款游戏在IP还原度表现尤为突出，不仅游戏剧情、美术风格等与动漫原作保持高度一致，在角色和技能招式上也做到了 1:1还原，力求最大化唤醒粉丝的情怀。 从进榜游戏类别来看，动作类有8款进榜，冒险类手游有5款进榜，其中由灵犀互娱发行的「荒原曙光」表现亮眼，强势冲进榜单Top17。 「荒原曙光」是一款以冷兵器为核心的高自由度生存建造游戏，自首次曝光以来便引起了广泛关注，上线前预约人数已突破800万。该游戏于11月13日正 式开启公测，据七麦数据显示，自上线以来，其连续多日登上App Store冒险类免费游戏排行榜Top1。 据悉，该款游戏聚焦"原始生存"题材，摒弃了复杂冗余的背景设定，显著降低了玩家的 ...

Core Insights - The mobile game market in November 2025 showcased a diverse range of popular titles, with classic IP adaptations gaining significant traction and established products experiencing renewed success through quality content [1][12] Download Rankings - The top three games in the downloads chart were "Delta Action," "Valorant: Source Action," and "Honor of Kings" [1] - Six new games entered the download rankings, including "Hundred Battle Heroes," "Jing·Jie: Blade Sound," and "Dawn of the Wilderness," with "Jing·Jie: Blade Sound" achieving a notable position at Top 12 [1][3] Revenue Rankings - "Honor of Kings" and "Delta Action" ranked first and second in the revenue chart, respectively, while "Endless Winter" rose one position to secure the third spot [1][6] - Six new titles entered the revenue rankings, including "Honkai: Star Rail," "Tomorrow's Ark," and "QQ Dance," with "Honkai: Star Rail" making a significant leap to Top 12 following its 3.7 version launch [6][8] Game Features and Innovations - "Jing·Jie: Blade Sound" is a 3D action mobile game based on the popular anime "BLEACH," featuring high fidelity to the original IP, including storyline and character skills [3] - The game introduces unique combat mechanics, such as the "Blade Clash" system, enhancing player engagement through skill coordination [3] - "Dawn of the Wilderness," a survival construction game, emphasizes simplicity and immersion, attracting over 800,000 pre-registrations before its launch [4] Publisher Performance - Tencent had 11 products in the download rankings, while NetEase had 3 [5] - In the revenue rankings, Tencent also led with 13 products, compared to NetEase's 3 [11] Market Trends - The November market performance highlights the importance of deep content innovation and refined operations as key drivers for growth, regardless of product maturity [12]