Core Insights - The report indicates that the threshold for entering the "2025 Guangdong Top 500 Enterprises Development Report" has surpassed 3 billion yuan for the first time, with Ping An ranking first and projected to exceed 1 trillion yuan in revenue for 2024 [2][4] - The total operating revenue of the 500 enterprises reached a historical high of 19.36 trillion yuan, reflecting the resilience and recovery of Guangdong's economy [4][5] - The report highlights a shift towards new industries, with a significant increase in the number of enterprises in the new energy and electronic information sectors, while traditional real estate companies have seen a decline in rankings [6][8] Group 1: Economic Trends - Guangdong's economy is steadily recovering, with a year-on-year growth rate of operating revenue increasing from 0.37% to 3.36% [7] - Net profit is expected to see a slight increase of 2.06% in 2025, following a recovery in 2024 [7] - Total assets have grown from 56.62 trillion yuan in 2021 to 68.33 trillion yuan in 2025, indicating a cumulative growth of over 11 trillion yuan [7] Group 2: Industry Transformation - The traditional "real estate-finance-local government infrastructure" model is no longer sustainable, leading to a focus on optimizing traditional industries and nurturing emerging sectors [8] - The proportion of strategic emerging industries among the top 500 enterprises reached 81.6%, with significant representation from electrical machinery and equipment manufacturing [8] Group 3: Innovation Investment - The total R&D expenditure of the top 500 enterprises reached 584.96 billion yuan, with a focus on artificial intelligence, new energy, and biomedicine [9] - The investment in scientific research and technical services accounted for 18.99% of the total R&D spending, indicating a strong commitment to innovation [9] - The report emphasizes the importance of integrating technological and industrial innovation, aligning with the "14th Five-Year Plan" objectives [9]

| 泡泡玛特 | 5.14 乙 | 5.84亿 | 10.97亿 | | --- | --- | --- | --- | | HK 09992 | | | -6974.68万 | | 华虹未营体 | 5.06亿 | 5.75亿 | 10.81亿 | | HK 01347 | | | -6856.42万 | | :: 洪映圖十 | 5.19 亿 | 4.54亿 | 9.73 亿 +6503.88万 | | HK 00883 | | | | | 图片来源:智通财经 | 港股通(沪)活跃成交股 | | | | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | | | | 净流入 | | 阿里巴巴-W | 31.31 乙 | 28.21 乙 | 59.52 G | | HK 09988 | | | +3.10 乙 | | 小米集团-W | 14.87亿 | 11.68 乙 | 26.55亿 | | HK 01810 | | | +3.20 乙 | | 腾讯控股 | 16.08亿 | 8.33亿 | 24.41亿 | | HK 00700 | | | +7.75亿 | | 中芯国际 | 10.34 乙 | 13. ...

大厂正在发力漫剧市场，腾讯成为新入局的玩家。Tech星球独家获悉，腾讯正式布局漫剧市场，日前推出了"火星动漫"和"火星 动漫社"两款漫剧小程序。 腾讯视频先后推出了《传武》与《我的治愈系游戏》两部AI生成的精品漫剧，两部作品包揽了平台漫剧榜的冠亚军。其中，武 侠题材的《传武》表现尤为亮眼，上线首周仅12集内容就斩获了超1000万播放量；另一部《我的治愈系游戏》也不逊色，不仅 在腾讯视频站内保持着高热度，抖音平台的相关播放数据更突破了1700万，成功实现双线收获用户关注。 此外，腾讯视频还在10月份宣布，启动腾讯视频AI创作大赛·i短剧，将AI短剧纳入平台内容体系。 不止腾讯，长视频平台爱奇艺也在紧锣密鼓地布局漫剧市场。 从实际体验来看，"火星动漫"和"火星动漫社"两款产品或许尚处于测试阶段，所以平台上的漫剧内容不是特别多。功能也还不 够完善，两款小程序首页暂无可点击观看内容，推荐栏目下，主推包括《我在三界直播带货》在内的漫剧，以及其他真人短剧 作品，大部分内容仍以真人短剧为主。 小程序页面显示，《我在三界直播带货》为免费漫剧，但用户需要观看广告后才能解锁单集内容。全剧65集，播放量已高达 298.2万。 今年 ...

Group 1 - Hong Kong stocks experienced a significant decline, with southbound funds net buying HKD 105 million in Hong Kong stocks [1] - Notable net purchases included Tencent Holdings at HKD 1.736 billion, Xiaomi Group at HKD 1.268 billion, and Alibaba at HKD 1.158 billion [1] - Southbound funds have continuously net bought Alibaba for 7 days, totaling HKD 13.321 billion, and have net bought Xpeng Motors for 4 days, totaling HKD 1.87077 billion [1] Group 2 - Major net sales included the Tracker Fund of Hong Kong at HKD 5.143 billion and Hua Hong Semiconductor at HKD 337 million [1] - Semiconductor companies like Ganfeng Lithium and SMIC also saw net sales of HKD 190 million and HKD 189 million respectively [1] - The overall market sentiment reflected a downward trend, with several companies experiencing declines in stock prices, including SMIC down by 6.4% and Ganfeng Lithium down by 12.5% [3]

(本文来自第一财经) 南向资金净买入1.05亿港元，腾讯控股、小米集团-W、阿里巴巴-W净买入额位列前三，分别获净买入 17.36亿港元、12.68亿港元、11.58亿港元。净卖出方面，盈富基金、华虹半导体、赣锋锂业分别遭净卖 出51.43亿港元、3.37亿港元、1.91亿港元。 ...

【南向资金今日净买入约1亿港元 净卖出盈富基金逾50亿港元】智通财经11月21日电，南向资金今日净 买入约1.05亿港元。腾讯控股、小米集团-W分别获净买入约17.36亿港元、12.68亿港元；盈富基金遭净 卖出51.43亿港元。 转自：智通财经 ...

（文章来源：每日经济新闻） 每经AI快讯，11月21日，南向资金净买入约1.05亿港元。腾讯控股、小米集团-W分别获净买入约17.36 亿港元、12.68亿港元；盈富基金遭净卖出51.43亿港元。 ...

智通财经APP讯，腾讯控股(00700)发布公告，于2025年11月21日斥资6.36亿港元回购104.2万股股份。 ...

格隆汇11月21日丨腾讯控股(00700.HK)发布公告，2025年11月21日耗资6.36亿港元回购104.2万股，回购 价格每股606.5-614.5港元。 ...

Core Insights - The "revenue share dispute" between Apple and Tencent has reached a resolution, with Apple agreeing to a 15% revenue share for in-app purchases in Tencent's mini-games, significantly lower than the standard 30% [2] - This new agreement signals a positive shift for game developers, who have long struggled with high revenue share percentages imposed by both iOS and Android platforms [2][8] - The change in revenue share is expected to lead to a more optimized and restructured industry ecosystem, providing game companies with greater autonomy in revenue distribution [2][8] Group 1: Apple and Tencent Agreement - Apple will implement a 15% revenue share for Tencent's in-app purchases starting in 2024, down from the usual 30% [2] - This agreement is seen as a significant concession by Apple and may influence Android channels to follow suit in reducing their revenue share percentages [8] - The new revenue share model is anticipated to enhance the competitive environment for game developers, allowing for fairer competition [8] Group 2: Industry Context and Reactions - The high revenue share model has historically placed a heavy burden on game developers, with Android channels often charging up to 50% [2][5] - Companies like NetEase have begun to push back against these high fees, with CEO Ding Lei expressing dissatisfaction with the 50% share in the Chinese Android ecosystem [5][6] - The emergence of alternative distribution methods, such as direct downloads and partnerships with third-party platforms, is becoming more common among leading game developers [6][9] Group 3: Future Implications for Channels - The traditional high revenue share model is becoming increasingly outdated, as game developers gain more negotiating power [9][11] - Mobile channel providers must reassess their strategies, moving from a reliance on traffic to offering unique services to maintain partnerships with game developers [11][13] - The industry is witnessing a shift towards a new channel era focused on user experience and ecosystem services, driven by innovations like cloud gaming and AI [13]