Investment Rating - The report maintains a "Positive" investment rating for the media and internet industry [3] Core Views - As the winter vacation and Spring Festival approach, high DAU products like "Delta Action" and "Supernatural Action Group" are expected to achieve new highs in DAU and revenue, with market consensus strengthening [3] - Emphasis on cross-year allocation opportunities and companies with significant growth potential, such as Tencent Holdings, Giant Network, and Century Huatong, is recommended [3] - New product launches and updates in gaming and film content are highlighted as key trading opportunities [3][4] Summary by Sections Gaming Sector - Major products like "Honor of Kings," "Delta Action," and "Supernatural Action Group" are expected to strengthen their market position through frequent content updates [5] - Companies exploring AI integration in gaming are noted for their potential to drive value reassessment [5] - Recommendations include Tencent Holdings, NetEase, and several others for their innovative approaches [5] Film and Television Sector - The film "Fast Life 3" is scheduled for release during the 2026 Spring Festival, with recommendations to monitor related production and distribution companies [4] - The implementation of new policies by the National Radio and Television Administration is expected to enhance content creation and development in the long-form drama sector [4] Internet Sector - ByteDance's launch of the general Agent model Seed1.8 is noted for its multi-modal capabilities, impacting traditional business models [6] - Continued focus on AI technology development and its application in various sectors, including education and e-commerce, is advised [6] New Business Models - The rise of "group broadcasting" is seen as a shift towards systematic growth, with recommendations for companies directly involved in this model [7] - Companies benefiting from the growth of group broadcasting, such as Kuaishou and Bilibili, are highlighted [7] Market Performance - The A-share market saw a slight decline in the media sector, ranking 26th among all industries during the specified period [12] - Notable stock performance includes Baida Qiancheng (+20.08%) and Rebate Technology (+14.34%) [15][19] Industry News - "Chinese Tales 2" will exclusively launch on Bilibili starting January 1, 2026 [9] - The 2025 mini-game market is projected to reach 61 billion yuan, growing by 22% [9][24]

Core Insights - The article highlights the significant increase in salaries for AI-related internships and short-term research positions, with monthly salaries reaching approximately 14,000 RMB, which is comparable to full-time research roles [1][2]. Group 1: Salary Trends - AI internships and research positions now offer monthly salaries in the range of 7,000 to 18,000 USD, equivalent to about 49,000 to 126,000 RMB [1]. - OpenAI's six-month residency program offers a monthly salary of approximately 18,300 USD (about 128,000 RMB), with potential for participants to transition to full-time roles [8][9]. - Anthropic's AI Safety Fellow program provides a weekly stipend of 3,850 USD (around 27,000 RMB) and monthly access to computational resources valued at 15,000 USD (approximately 105,000 RMB) [14][15]. - Google's Student Researcher program offers annual salaries ranging from 113,000 to 150,000 USD (approximately 790,000 to 1,050,000 RMB), indicating a shift away from traditional internship compensation [17][18]. - Meta's Research Scientist Intern program has a monthly salary range of 7,650 to 12,000 USD, reflecting the overall trend of increasing compensation for AI internships [19]. Group 2: Industry Competition - Major tech companies are competing aggressively for AI talent, with significant investments in internship and research programs [3][4]. - The competition has extended to students and early-career researchers, indicating a shift in how companies view and recruit talent [3][4]. - Domestic companies like ByteDance, Tencent, and Alibaba are also increasing their investment in AI talent, with Tencent planning to add 28,000 internship positions over three years, focusing heavily on technical roles [29][30][33]. Group 3: Talent Acquisition Strategies - Companies are seeking candidates with verifiable research output capabilities, emphasizing the importance of published papers and innovative methodologies [36][37]. - The design of these short-term projects often mimics full-time roles, allowing companies to assess candidates' performance in a high-pressure environment [42][45]. - The trend indicates that internships are evolving into a method for companies to cultivate and secure top talent, rather than merely filling temporary roles [46][48].

Core Insights - The article highlights the significant increase in salaries for AI-related internships and short-term research positions, with monthly pay reaching approximately 14,000 RMB, equivalent to 7,000–18,000 USD, or about 4.9-12.6 million RMB annually [2][3][4] Salary Trends - Interns and student researchers are now earning salaries comparable to full-time research positions, particularly in Silicon Valley [4] - OpenAI's 6-month residency program offers a monthly salary of around 18,300 USD (approximately 128,000 RMB), with potential for full-time employment post-program [6] - Anthropic's AI Safety Fellow program provides a weekly stipend of 3,850 USD (about 27,000 RMB) and monthly computational support worth 15,000 USD (approximately 105,000 RMB) [7] - Google's Student Researcher program offers annual salaries ranging from 113,000 to 150,000 USD (approximately 790,000 to 1,050,000 RMB), targeting PhD students [8] Domestic Market Trends - The trend of increasing salaries and expanding opportunities for AI internships is also evident in China, with companies like ByteDance, Tencent, and Alibaba enhancing their internship programs [10][12] - ByteDance recently awarded scholarships to 20 PhD students, doubling the amount to 100,000 RMB in cash and academic funding [10] - Tencent plans to add 28,000 internship positions over three years, with a focus on technical roles, reflecting the growing demand for AI talent [12] Talent Acquisition Strategies - Companies are seeking candidates with proven research output capabilities, emphasizing the importance of independent problem-solving and long-term commitment to complex issues [14][15] - The short-term projects are designed to assess candidates' performance in high-intensity environments, with the goal of identifying potential future core researchers or technical leaders [17] - This approach allows companies to invest in talent early, creating a hidden elite selection mechanism, which may pose challenges for startups with limited resources [17]

21世纪经济报道记者 陈思琦 深圳报道 "无论汽车还是电池，我的专业都算对口，想着全试一试。"四川大学机械工程学院硕士生程同学打印好 五份简历，依次投给了比亚迪及其上下游四家相关企业。 程同学的简历，似串起一条新能源汽车产业链，成为广东年末这场重磅招聘会"链主企业专区"的一个侧 影。 12月27日-28日，2025年"百万英才汇南粤"秋季大型综合招聘会在深圳举行。现场汇聚1825家重点用人 单位，集中释放6.5万余个优质岗位，吸引境内外1700多所高校超12万名学生报名参加。 21世纪经济报道记者走访获悉，本次招聘会的一大亮点在于首设"链主企业专区"，比亚迪、格力、腾 讯、小鹏、南方电网等8家链主企业携超80家供应链上下游企业组团参展，形成"一家链主带动N家生态 企业"的集团化招聘格局，让不少"小厂"凭借链主的流量效应，吸引更多求职者关注。 "传统招聘的岗位比较零散，这次通过组团招聘，大家对产业链将有更全面的理解。从比亚迪到各种配 套厂商全部看完，了解它们分别是什么经营内容、需要什么样的人才，求职者可以根据自身情况，选择 最合适的面试岗位。"比亚迪招聘管理部总监余昌祎介绍道。 （招聘会现场） 首现"打包"招才 ...

12月27日上午9时许，招聘会入场通道便已排起长队。据悉，招聘会吸引了来自境内外1700多所高校超 12万名学生报名参加。中青报•中青网记者武欣中/摄 本次招聘会上，华为、腾讯、比亚迪等40多家世界500强企业、300多家上市公司和400多家专精特新企 业，以及250多家央国企和50家科研院所集中亮相，提供博士岗位近9000个、硕士岗位超1.2万个、本科 岗位超3.5万个。中青报•中青网记者武欣中/摄 华为招聘 中国青年报客户端深圳12月27日电（中青报•中青网记者武欣中）今天上午，为期两天的2025年"百万英 才汇南粤"秋季大型综合招聘会在深圳福田会展中心开幕。作为广东"百万英才汇南粤"行动计划的年末 压轴大戏，本次招聘会汇聚1825家用人单位，释放6.5万余个岗位，吸引力超过12万名海内外学生报名 参加。 今年以来，"百万英才汇南粤"招聘活动已覆盖全国19个省（自治区、直辖市）、走进100余所高校，推 送超50万个岗位，吸引超百万名高校毕业生关注。从春季广州启航到年底深圳的升级亮相，"百万英才 汇南粤"招聘会已成为广东招才引智的金字招牌。 区吸引了众多求职者的关注。中青报•中青网记者武欣中/摄 招聘会现场 ...

招聘会由广东省21市协同联动，汇聚各类优质用人单位。华为、腾讯、比亚迪等超40家世界500强企 业，TCL、优必选等超300家上市公司，纽恩泰新能源、元戎启行等超400家"专精特新"企业，中广核、 南方电网、南方航空等超250家央国企，广东省科学院、广州实验室、鹏城实验室等超50家科研院所， 以及中山大学、广东省人民医院等超360家高校、医院，一起为求职者搭建施展才华的舞台。 首次设立的"链主企业专区"成为招聘会一大亮点。比亚迪、格力、腾讯、南方电网等8家知名链主企业 牵头，携手超80家供应链上下游企业组团招聘，集中展示产业全链条人才需求。腾讯整合旗下事业群及 生态公司"打包"招才，南方电网携储能、超高压等子公司参会，助力求职者"一站式"对接产业链优质岗 位。 招聘岗位学历适配广泛，现场提供博士岗位近9000个、硕士岗位超1.2万个、本科岗位超3.5万个，方 大、小鹏、欣旺达等企业还提供超8000个专科岗位，从高端研发人才到技能人才全面覆盖。招聘会还为 2027届毕业生提供超1万个实习机会，华为、比亚迪等50家企业现场开启预实习申报通道，覆盖 AI 算 法、机械设计等前沿领域。 "百万英才汇南粤"秋招会在深圳 ...

12月27日至28日，"百万英才汇南粤"大型综合招聘会将在深圳会展中心（福田）举行。作为"百万英才 汇南粤"的2025年度收官之作，超1600家重点用人单位将现场参会，提供超65000个优质岗位。 "百万英才汇南粤"春季大型综合招聘会活动现场。图源：深圳人社 招聘会现场打造"未来大道"，为全省21地市及香港、澳门地区设立专属城市形象展示区，求职者除了现 场找工作，还能快速了解粤港澳大湾区和粤东粤西粤北各地的产业优势、宜居生态、人才政策和文化活 力。在湾区展示厅，求职者除了体验城市风采，还可以感受硬核科技。视源电子、优必选、众擎等智能 领域头部企业，以及云鲸、肯綮等行业"独角兽"，将集中展示机器人产业集聚魅力，此外还有比亚迪现 场展示最新款纯电超跑，广州亿航带来的新型载人无人机……未来科技感直接拉满。 本次招聘会提供贴心求职服务，现场邀请具备3年以上、超千例咨询经验的资深专家对求职人才进行就 业指导，同时为求职者提供职业形象妆造拍摄服务，全面提升求职效率和体验感。 （记者：杜玮淦 李定） 据悉，本次招聘会现场将开设"招聘直通车"，酷牛、众擎、智平方等12家知名企业负责人、人力资源总 监现场与求职者面对面交流，当 ...

"我们之所以选择在腾讯云上开拓我们的业务，很大程度是因为与腾讯的价值观契合。" 这是最近数位 参与"千域计划"的生态服务商，在聊起与腾讯云合作的初衷之时，几乎异口同声提到的一点。 俗话说"在商言商"，然商道又非常道。对于依托平台经济发展的生态参与者来说，财务数字决定生意是 否有利可图。但价值观的契合，却决定了生意的长度与广度。 2021年，腾讯智慧零售推出针对生态伙伴的认证与培育计划——千域计划，从政策、商机、市场及培训 等多维度打造生态成长体系。彼时腾讯认为，随着行业迈向全域经营阶段，生态合作的潜在业务空间将 被激活，各行各业也面临更复杂的定制化需求。 过去的一年，AI带动新一轮云需求的暴涨。截至今年6月，我国人工智能的日均token消耗量已达到30万 亿，1年半内增长300多倍。在这一庞大的新增市场，腾讯并不想，也并不可能"一口气吃成一个胖子"。 他们鼓励"千域计划"的生态合作伙伴，以更灵活的商业合作方式，共同完成 AI落地最后一公里的交 付。 这一变化也反应在腾讯智慧零售与生活产业交出的生态成绩单上，2025年，"被集成"这一合作模式实现 了153%的增长，合作完成的项目总数达去年同期150%+。此外， ...

Core Insights - The AIGC sector in China has entered a phase of large-scale application, with a user base of 483 million and a market penetration rate exceeding 30% as of October 2025 [1][8]. User Demographics - The primary user group for AIGC applications consists of young white-collar workers under 35 years old, predominantly located in high-tier cities, characterized by strong purchasing power and a desire for social sharing [2][10][11]. Segment Analysis - **Language Models**: The Doubao APP leads in traffic within the language model segment, while Tencent Yuanbao has shown significant growth [3][13]. - **Intelligent Companion Chat**: The industry is experiencing sluggish growth, but the Xingye APP has achieved positive user growth [4][22]. - **Intelligent Tools**: This segment remains stable, with user traffic closely tied to platform devices [5][17]. - **Image Processing**: Jimeng AI holds a dominant position in the image processing sector [6][20]. Growth Rankings - As of October, Jimeng AI, Tencent Yuanbao, and Doubao are among the top apps with leading user growth rates over the past ten months [7][27]. Overall Traffic Trends - The AIGC sector's monthly independent device count increased from 318 million to 483 million from January to October 2025, with penetration rising from 22.1% to 33.2%, indicating a shift from novelty to mainstream application [8]. User Characteristics - The user base is balanced in gender, with significant representation from first-tier and new first-tier cities. Users under 35 account for nearly 50%, with white-collar workers making up 30% of the demographic [11]. Segment-Specific Traffic Insights - **Language Models**: The top language model apps, including Doubao and Tencent Yuanbao, have monthly independent device counts exceeding 50 million, while smaller apps struggle to grow [13]. - **Intelligent Tools**: The user base for intelligent tools has remained stable above 20 million, with Huawei's "Smart Search, Xiao Yi Suggestions, Smart Voice" leading the top three apps [17]. - **Image Processing**: Jimeng APP dominates the image processing sector, accounting for over 95% of the market share in terms of monthly independent device count and usage metrics [20]. - **Intelligent Companion Chat**: The segment is facing a decline in user engagement, with only Xingye APP showing positive growth amidst a general trend of user loss [22].

| 序号 | 名称 | 港股代码 | 最新价 V | 涨跌额 | 涨跌 | | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | O 00700 | 603.000 | +1.000 | 0.17 | | 2 | 携程集团-S | 09961 | 563.500 | -4.500 | -0.79 | | 3 | 蜜雪集团 | 02097 | 421.800 | -2.800 | -0.66 | | 4 | 香港交易所 | 00388 | 410.000 | +2.400 | 0.59 | | 5 | 百胜中国 | 09987 | 379.200 | +3.000 | 0.80 | | 6 | 网易-S | 09999 | 213.200 | +0.400 | 0.19 | | 7 | 泡泡玛特 | 09992 | 200.200 | -0.200 | -0.10 | | 8 | 昨日市 w | 09626 | 191.500 | -2.400 | -1.24 | | d | 日济神州 | 06160 | 183.500 | -0.500 | -0.27 | | ...