Group 1 - The core viewpoint of the report is that the market is overly concerned about the potential negative impact of VAT regulations on internet-related services, with no evidence indicating any changes in VAT rates for these services [1] - Morgan Stanley maintains an "attractive" industry outlook, predicting that the AI landscape in China will become clearer by 2026, driven by supply-side (U.S. and domestic chips) and demand-side (model coding and breakthroughs in agent capabilities) factors leading to non-linear growth in consumer applications [1] - Tencent is highlighted as the preferred choice due to the resilience of its core business, while Alibaba is also viewed positively [1]

今日，据众多网友实测发现，微信已在App中屏蔽元宝红包相关链接，并提示："网页包含诱导分享、关注等诱导行为内容"，要求用户复制到浏览器访问。 微信官方账号"微信派"发布消息回应称，其近期发布了《针对第三方违规行为的打击公告》，对以春节为主题集中爆发的过度营销、诱导分享等违规行为进行打 击，微信收到用户针对元宝的反馈和投诉，其相关春节营销活动存在通过"做任务""领红包"等方式诱导用户高频分享链接到微信群等场景，干扰平台生态秩序、影 响用户体验、对用户造成骚扰。 经研判，对元宝的违规链接进行处置，限制其在微信内直接打开。相关处置措施即日生效。 微信表示，将持续关注各项春节营销活动的运行情况，结合用户反馈，依据平台规则，切实保障用户体验。 今日（ 2月4日 ），元宝回应被微信屏蔽：正在紧急优化调整分享机制，我们将尽快上线，确保用户抢红包体验。 责编：王璐璐 校对： 李凌锋 综合自：微信派等 看券商中国 知天下财经 弊中社 百万用户都在看 券商中国 X 券中社 利好来了！多只A股，突发公告！ 突然，盘中暴涨！AI应用龙头，利好突袭！ AI，突传重磅！四大巨头，同时出手！ 直线拉升！光刻机巨头，传来重磅利好！AI，再度 ...

Core Insights - In January 2026, 36 Chinese companies made it to the global mobile game publisher revenue TOP 100, collectively generating $2.18 billion, accounting for 37.8% of the total revenue of the global TOP 100 mobile game publishers [1] - Tencent secured the top position in global mobile game publisher revenue, with a 43% month-on-month increase driven by flagship titles like "Honor of Kings" and "Peacekeeper Elite" [2][5] - Tencent's "Honor of Kings" and "Peacekeeper Elite" dominated the Chinese App Store revenue rankings, occupying the top four positions [1][5] Tencent's Performance - Tencent's "Honor of Kings" saw a 105% month-on-month revenue surge to $220 million following the launch of a new skin [2] - "Peacekeeper Elite" experienced a 156% revenue increase, surpassing $110 million, aided by new skins and a festive update [2] - Tencent's overall revenue in January reached a peak due to the strong performance of these two titles [2] Other Notable Performers - Point Interactive's mobile game "Tasty Travels: Merge Game" achieved a 33% revenue growth in January, driven by a new event [2] - "Mobile Legends: Bang Bang" experienced a 118% revenue increase, reclaiming the top spot in the Southeast Asian mobile game sales chart [3] - Yostar's "Blue Archive" and "Arknights" saw significant revenue increases of 220% and 122%, respectively, due to anniversary events [3] New Releases and Market Trends - Eagle Horn Network's new 3D real-time strategy RPG "Arknights: End of the World" topped multiple iOS download charts upon its global launch, significantly boosting publisher revenue [3] - Heartopia, the overseas version of "Heart Town" by Xindong Network, achieved a 516% revenue increase in January, topping iOS download charts in several markets [4] - The Chinese mobile game publisher revenue TOP 100 also included companies like BeHeFun Games and GameTree Entertainment, totaling 36 publishers [4]

消息面上，微信派今早发布公告称，收到用户针对元宝的反馈和投诉，其相关春节营销活动存在通 过"做任务""领红包"等方式诱导用户高频分享链接到微信群等场景，干扰平台生态秩序、影响用户体 验、对用户造成骚扰。经研判，对元宝的违规链接进行处置，限制其在微信内直接打开。相关处置措施 即日生效。此前，腾讯旗下AI平台元宝宣布在2月1日开启新春活动，分10亿现金红包。马化腾曾表示 希望重现当年微信红包的盛况。 值得关注的是，日前市场有传言称金融业及互联网增值服务（如游戏内购、广告）因利润率高、税负 轻，可能成为下一个税率调整目标，并类比白酒税率，该消息引发腾讯等互联网公司股价集体下挫。华 创证券认为，上述传闻属于过度推演，并没有切实的依据。同时，互联网企业加税或直接传导至C端消 费者，这与目前促进消费的大方针相悖，逻辑不可外推。 腾讯控股(00700)跌幅扩大逾3%，截至发稿，跌3.1%，报563港元，成交额120.36亿港元。 ...

Core Viewpoint - The announcement from WeChat's official account "WeChat派" addresses the crackdown on third-party inducement sharing behaviors, particularly during the Spring Festival, highlighting issues of excessive marketing and user harassment [1] Group 1: Announcement Details - The announcement indicates that user feedback and complaints regarding "元宝" (Yuanbao) have been received, pointing out that their Spring Festival marketing activities involved inducing users to share links frequently through methods like "completing tasks" and "receiving red envelopes" [1] - The platform's ecosystem order and user experience were reportedly disrupted due to these practices, leading to the decision to restrict the direct opening of Yuanbao's links within WeChat [1] - The measures taken to address these violations are effective immediately [1] Group 2: Company Response - Yuanbao responded in the comments section of the announcement, expressing understanding and respect for the platform's rules, and stated that they have optimized their activity design to ensure compliance [1] - The company thanked users for their supervision and support [1]

智通财经APP获悉，腾讯控股(00700)跌幅扩大逾3%，截至发稿，跌3.1%，报563港元，成交额120.36亿 港元。 消息面上，微信派今早发布公告称，收到用户针对元宝的反馈和投诉，其相关春节营销活动存在通 过"做任务""领红包"等方式诱导用户高频分享链接到微信群等场景，干扰平台生态秩序、影响用户体 验、对用户造成骚扰。经研判，对元宝的违规链接进行处置，限制其在微信内直接打开。相关处置措施 即日生效。此前，腾讯旗下AI平台元宝宣布在2月1日开启新春活动，分10亿现金红包。马化腾曾表示 希望重现当年微信红包的盛况。 值得关注的是，日前市场有传言称金融业及互联网增值服务（如游戏内购、广告）因利润率高、税负 轻，可能成为下一个税率调整目标，并类比白酒税率，该消息引发腾讯等互联网公司股价集体下挫。华 创证券认为，上述传闻属于过度推演，并没有切实的依据。同时，互联网企业加税或直接传导至C端消 费者，这与目前促进消费的大方针相悖，逻辑不可外推。 ...

Group 1 - The core message of the announcement is that WeChat is taking action against third-party inducement sharing behaviors that disrupt platform order and user experience during the Spring Festival marketing activities [1][2] - Users have reported complaints regarding the "Yuanbao" marketing campaign, which involved incentivizing users to share links through tasks and rewards, leading to disturbances in the platform ecosystem [1] - WeChat's external link content management regulations prohibit inducement sharing through monetary rewards, physical prizes, virtual prizes, and other incentives that encourage users to share links [1] Group 2 - WeChat has implemented measures to restrict the direct opening of the "Yuanbao" links within the platform, effective immediately [2] - The company will continue to monitor the operation of Spring Festival marketing activities and will take user feedback into account to ensure compliance with platform rules and protect user experience [2]

微信表示，近期其发布了《针对第三方违规行为的打击公告》，对以春节为主题集中爆发的过度营销、 诱导分享等违规行为进行打击。 在此背景下，微信收到用户针对元宝的反馈和投诉，其相关春节营销 活动存在通过"做任务""领红包"等方式诱导用户高频分享链接到微信群等场景，干扰平台生态秩序、影 响用户体验、对用户造成骚扰。 根据《微信外部链接内容管理规范》。微信经研判，对元宝的违规链接进行处置，限制其在微信内直接 打开。相关处置措施即日生效，并表示将持续关注各项春节营销活动的运行情况，结合用户反馈，依据 平台规则，切实保障用户体验。 北京商报讯（记者 魏蔚）2月4日，微信发布公告称，经研判，对元宝的违规链接进行处置，限制其在 微信内直接打开。相关处置措施即日生效。 ...

2月4日上午，有微信用户发现，元宝的红包链接在微信群已无法直接打开且自动跳转到元宝，点击后会 显示"网页包含诱导分享、关注等诱导行为内容，请长按网址复制后使用浏览器访问"。 不久后，微信发布公告称，近期发布了《针对第三方违规行为的打击公告》，对以春节为主题集中爆发 的过度营销、诱导分享等违规行为进行打击。"在此背景下，我们收到用户针对元宝的反馈和投诉，其 相关春节营销活动存在通过'做任务''领红包'等方式诱导用户高频分享链接到微信群等场景，干扰平台 生态秩序、影响用户体验、对用户造成骚扰。经研判，对元宝的违规链接进行处置，限制其在微信内直 接打开。相关处置措施即日生效。" 封面图片来源：每日经济新闻 ...

新京报讯 2月4日，元宝发布消息：元宝正在紧急优化调整分享机制，我们将尽快上线，确保用户抢红 包体验。 稍早前，微信发布公告，称:"经研判，对元宝的违规链接进行处置，限制其在微信内直接打开。相关处 置措施即日生效。"详情>>> ...