格隆汇10月23日｜里昂发表研究报告指，第三季腾讯手游业务增长稳健，主要游戏的国内流水按年增长 近15%，归功于《王者荣耀》、《和平精英》及《穿越火线》的强劲表现。网易手游收入的按年跌幅由 次季8%收窄至第三季约4%，受惠于《蛋仔派对》收入按年增68%至12亿元，以及《逆水寒》稳定贡献 8.3亿元。该行现予腾讯"高度确信跑赢大市"评级，目标价740港元；网易及哔哩哔哩ADR各获"跑赢大 市"评级，目标价分别为140美元及25.5美元。 ...

Core Insights - The "Rural CEO Intern" project initiated by Tencent SSV aims to enhance university students' practical skills while addressing rural development needs through innovative solutions [3][9] - The project aligns with China's national strategy for rural revitalization, emphasizing the importance of integrating youth talent into rural development efforts [3][9] Group 1: Project Overview - The project involved 50 students from China Agricultural University and Shenzhen University, who were divided into 9 teams to focus on rural industry enhancement, digital empowerment, cultural tourism integration, and cultural communication [1][4] - Students conducted field research in Guangxi's Longsheng County, engaging with local communities to understand their needs and develop practical solutions [3][6] Group 2: Solutions and Innovations - In the area of digital empowerment, students developed cloud service mini-programs for homestay bookings, product promotion, and digital map navigation to improve rural digital operations [4][5] - For industry enhancement, teams worked on branding and marketing strategies for local products like Ma Hai chili and Longji rice, including packaging design and channel expansion [4][5] - Cultural tourism integration efforts included designing visual systems, guidebooks, and educational programs to enhance visitor experiences and deepen cultural dissemination [4][5] Group 3: Outcomes and Impact - The project successfully demonstrated the students' ability to address real-world challenges in rural areas, with a focus on innovation, feasibility, and collaboration [4][9] - Feedback from students indicated a shift in perception, recognizing rural areas as potential development hubs rather than mere recipients of aid, highlighting the importance of local engagement and sustainable development [8][9] - The project culminated in a competition where teams presented their solutions, with awards given for innovation and practical applicability, further encouraging student involvement in rural revitalization efforts [4][9]

Core Insights - The Online Gaming Market is projected to grow from USD 117.52 Billion in 2025 to USD 281.45 Billion by 2033, with a CAGR of 11.57% from 2026 to 2033 [1][7]. Market Overview - The U.S. Online Gaming Market is expected to increase from USD 18.18 Billion in 2025 to USD 46.84 Billion by 2033, growing at a CAGR of 12.60% during the same period [4]. - Key drivers for market growth include the rise of esports, multiplayer games, smartphone usage, and advanced internet and 5G networks [4]. Key Players - Major companies in the Online Gaming Market include Sony Group, Alphabet (Google), Tencent, Sega, PopReach, Bandai Namco, Nintendo, Square Enix, Ubisoft, GungHo Online Entertainment, Electronic Arts (EA), Capcom, Zeptolab, Microsoft, NEXON, Apple, and Take-Two Interactive [5]. Market Segmentation - By Gaming Type: In 2024, Massively Multiplayer Online Role-Playing Games (MMORPGs) held a 32.10% market share, while Battle Royale Games were the fastest-growing segment with a CAGR of 13.70% [8]. - By Platform: Mobile Phones dominated with a 55.06% market share in 2024, while Consoles were the fastest-growing segment with a CAGR of 14.40% [9]. - By Gamer Type: Casual Gamers accounted for 62.10% of the market share in 2024, with Multiplayer Enthusiasts being the fastest-growing segment at a CAGR of 14.10% [10]. - By Demographics: Young Adults (18-24) represented the largest share at 56.10%, while Seniors (55+) were the fastest-growing segment with a CAGR of 12.8% [13]. Regional Insights - North America is expected to have the fastest-growing CAGR of 132.79%, driven by high smartphone penetration, broadband access, and gaming expenditure [14]. - The Asia Pacific region holds the largest market share at 50.02%, supported by widespread smartphone usage and high internet penetration [15]. Recent Developments - In May 2025, Sony announced the formation of teamLFG, a new studio focused on team-based action games [17]. - In September 2025, Google began updating its Play Games profiles on Android to enhance user interaction [17].

Core Viewpoint - The report highlights the significant growth of the China Europe Digital Economy Fund, which saw its scale increase nearly eightfold in the third quarter, reflecting strong performance and strategic adjustments in its investment portfolio focused on AI technologies [1][5]. Fund Performance - The China Europe Digital Economy Fund's scale grew from 1.527 billion to 13.021 billion yuan in the third quarter, marking a nearly 800% increase [1][5]. - The fund's unit net value increased by 140.86% in the first three quarters of the year, ranking it second among actively managed equity funds [5]. Investment Strategy - The fund manager, Feng Ludan, indicated a focus on five core investment areas: AI infrastructure, intelligent robotics and driving, AI applications, edge AI, and the domestic AI industry chain [2][6]. - The fund slightly reduced its holdings in AI infrastructure while increasing allocations to intelligent robotics and optimizing its AI application portfolio [2][6]. Major Holdings - The top three holdings of the fund are Xinyi Technology, Alibaba-W, and Zhongji Xuchuang, each with a market value exceeding 1.1 billion yuan [3][4]. - Significant increases in holdings were noted for companies like Huydian Technology and Tianfu Communication, with increases of 203.31% and 275.26%, respectively [3][4]. Market Trends - The AI sector is experiencing accelerated iteration and commercialization, presenting both opportunities and risks due to high valuations that demand stringent performance delivery [6][7]. - Major tech companies are investing heavily in AI infrastructure, indicating a new wave of competition and innovation in the sector [7].

据悉，本轮融资结束后，新石器或将很快启动上市筹备工作。 对于前述融资及赴港IPO消息，截至发稿新石器方面并未回应新浪科技问询。（新浪科技） 【独家丨腾讯参投！#新石器完成超5亿美元PreIPO轮融资#，或将赴港IPO】新浪科技从之前人士处独 家获悉，中国无人配送领域头部企业新石器（Neolix）近日已完成超5亿美元Pre-IPO轮融资，除多家老 股东跟投外，本轮融资新增腾讯、高成资本等明星股东，此外还包括多支国家队AI基金和中东基金。 据知情人士对新浪科技透露，"本轮融资正式完成的资金已达到5亿美元，另外还有部分在途资金正在走 入账流程，固次此轮融资金额会远超5亿美元。" 9月初，新石器无刚宣布了公司第10000台整车在浙江桐庐下线交付，这意味着公司无人配送行业实现了 从技术验证迈向大规模商业化落地。据透露，此次新增资金到位后，新石器月产能将提升至约2000辆， 而去年全年交付量仅略超1000辆。 ...

Core Viewpoint - The article highlights the increasing trend of major tech companies, particularly Tencent, actively recruiting talent at academic conferences like ICCV 2025, showcasing their technological advancements while simultaneously seeking to attract top talent in the AI field [6][30][36]. Group 1: Recruitment Strategies - Major tech companies are shifting from merely showcasing research achievements at conferences to directly recruiting talent, as evidenced by Tencent's significant presence at ICCV 2025 [6][30]. - Tencent's exhibition at ICCV was the second largest, featuring numerous core business leaders engaging with students and discussing technical routes and job opportunities [8][11]. - The event allowed students to interact directly with business leaders, providing a unique opportunity to discuss job openings and gain insights into Tencent's various AI initiatives [34][36]. Group 2: Technological Showcase - Tencent showcased a wide array of AI technologies across its business units, including advancements in 3D generation and video synthesis, with multiple academic papers accepted at the conference [13][21]. - The company presented its latest innovations, such as the Hunyuan 3D generation project and real-time digital human solutions, attracting significant attention from attendees [15][20]. - The presence of Tencent's top researchers at the conference facilitated engaging discussions, enhancing the visibility of their technological capabilities [27][29]. Group 3: Market Position and Future Outlook - Tencent's investment in AI research is substantial, with R&D spending projected to reach 39.16 billion RMB in the first half of 2025, reflecting a year-on-year growth of 21% and 17% in the first two quarters [43]. - The company is positioned to leverage its extensive user base and diverse business applications to convert technological advancements into market opportunities [45][46]. - The recruitment efforts at conferences like ICCV are part of a broader strategy to secure top talent, which is essential for maintaining a competitive edge in the rapidly evolving AI landscape [39][40].

格隆汇10月23日｜中国无人配送领域头部企业新石器（Neolix）近日已完成超5亿美元Pre-IPO轮融资， 除多家老股东跟投外，本轮融资新增腾讯、高成资本等明星股东，此外还包括多支国家队AI基金和中 东基金。据知情人士透露，"本轮融资正式完成的资金已达到5亿美元，另外还有部分在途资金正在走入 账流程，固次此轮融资金额会远超5亿美元。" ...

微信在近期启动了多项灰度测试，三个新功能悄然上线中。 群聊消息免打扰优化 先前在开启消息免打扰后，下方第二个选项为"关注的群成员"，最多可关注4个群成员，关注后他们在群 内发消息不再免打扰，仍会通知。 现今 ，"关注的群成员"被"以下消息仍通知"所取代，设置界面上方为@我、@所有人和群公告的单独按 钮 开启会收到通知 关闭则能实现勿扰 钮，开启会收到通知，关闭则能实现勿扰。 也就是说，经此优化，只要把@我、@所有人和群公告的开关全部关闭，就不会再收到任何群内的消息通 知。 撤回使用升级 之前执行撤回操作时，会弹出"撤回该条消息"的弹窗，需点击"撤回"才能完成操作。由于每次只能撤回一 条消息，一旦出现一次性发错多条消息的情况，就会陷入麻烦。 现在 ，在聊天框中长按发送的消息点击"撤回"时，新增的"撤回本次发送的全部消息"，能够一次性撤回本 次连续发送的多条内容（文字/图片/语音等）。但需要注 意的是，该操作对消息的发出时效有限制，必须 在2分钟内。 撒回本次发送的全部消息 取消 微信消息撤回时限一览 类型 举例 文字、语音、表情包、图片、 常规消息 视频、公众号和视频号链 2分钟内可撤回 接、小程序卡片等 wo ...

Market Overview - The market has experienced increased volatility since October, particularly in the technology sector, with renewed interest in dividend assets due to heightened risk aversion stemming from escalating trade tensions [1] - The uncertainty from trade disputes may lead to a rotation of funds from crowded trades, resulting in fluctuations in high-valuation growth sectors and a rebound in undervalued sectors [1] Asset Allocation Strategy - In the current market context, focus on sectors with positive earnings forecasts such as semiconductor technology, battery, and non-ferrous metals during the third-quarter earnings reporting period [2] - From a funding perspective, main funds are flowing into AI technology sectors like electronics and communications, while southbound funds are notably directed towards dividend sectors like banking [2] Sector Performance Semiconductor Sector - The semiconductor sector is experiencing high growth, with a significant number of companies reporting strong earnings during the third-quarter disclosures [2] - Notable companies include Cambrian, which reported a net profit of 1.605 billion yuan, marking its first profitable quarter, and Haiguang Information, with a net profit of 1.961 billion yuan, up 28.56% year-on-year [2] Non-Ferrous Metals and Battery Sectors - The non-ferrous metals sector is showing signs of recovery, with expected profit growth of 50% by 2025, driven by various favorable factors including supply-side policies and global economic conditions [4] - The battery sector, previously affected by price wars, is expected to see a turnaround with a projected profit growth of 36% by 2025, supported by demand for energy storage and advancements in solid-state battery technology [7] AI and Technology Trends - The AI sector is catalyzing growth across various industries, with significant investments from major companies like Oracle and domestic tech giants increasing their AI capabilities [8] - The Hong Kong market is well-positioned to benefit from the AI narrative, with a complete domestic AI industry chain and major tech companies included in the Hong Kong Technology ETF [8] Funding Trends - Main funds are showing a "barbell" strategy, focusing on both technology sectors and undervalued dividend sectors like banking and consumer goods [12] - Recent data indicates significant net inflows into electronic and communication sectors, with banking also receiving attention as a defensive investment [12] Conclusion - The current market dynamics suggest a strategic focus on sectors with strong earnings potential and favorable growth forecasts, particularly in technology and dividend-paying sectors, as investors seek stability and returns in a volatile environment [1][2][4][7][12]

Group 1 - The A-share market experienced a collective decline, with the AI concept stocks undergoing a pullback, particularly the Sci-Tech Innovation Board AI ETF (588930) which fell by 1.65% [1] - The Sci-Tech Innovation Board AI ETF closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index, which includes 30 large-cap companies involved in providing foundational resources, technology, and application support for AI [1] - IDC reported that global smart glasses market shipments are expected to reach 4.065 million units in the first half of 2025, representing a year-on-year growth of 64.2%, with projections indicating that shipments will exceed 40 million units by 2029, driven by innovation and expanding application scenarios [1] Group 2 - Guosen Securities noted that AI has significantly impacted the advertising business of internet giants, cloud computing scenarios, and corporate efficiency, with Tencent's advertising growth maintaining at 20% and Alibaba Cloud's growth accelerating to 26% [2] - Huatai Securities highlighted the rapid penetration of large model technology in vertical fields such as finance, healthcare, and education, with the commercialization process exceeding market expectations, suggesting investment opportunities in computing infrastructure and AI application software [2]