Group 1: Market Overview - Northbound capital recorded a net buy of 105 million HKD on November 21, with the Shanghai-Hong Kong Stock Connect contributing a net buy of 498 million HKD and the Shenzhen-Hong Kong Stock Connect showing a net sell of 393 million HKD [1] - The most bought stocks included Tencent (00700), Xiaomi Group-W (01810), and Alibaba-W (09988), while the most sold stocks were the Tracker Fund of Hong Kong (02800), Hua Hong Semiconductor (01347), and Ganfeng Lithium (01772) [1] Group 2: Stock Performance - Alibaba-W had a buy amount of 4.18 billion HKD and a sell amount of 3.33 billion HKD, resulting in a net inflow of 847 million HKD [2] - Xiaomi Group-W saw a buy amount of 2.979 billion HKD and a sell amount of 2.031 billion HKD, leading to a net inflow of 948 million HKD [2] - Tencent Holdings had a buy amount of 2.287 billion HKD and a sell amount of 1.325 billion HKD, resulting in a net inflow of 961 million HKD [2] Group 3: Company-Specific Insights - Xiaomi Group-W reported a strong Q3 performance with a revenue increase of 22.3% year-on-year to 113.1 billion HKD and an adjusted net profit of 11.3 billion HKD, up 80.9% year-on-year, driven by its high-end smartphone strategy and automotive business [5] - Xpeng Motors-W (09868) received a net buy of 134 million HKD, with expectations for better seasonal performance in Q1 next year due to the launch of three new range-extended electric vehicle models [5] - Ganfeng Lithium (01772) faced a net sell of 190 million HKD, influenced by recent adjustments in lithium carbonate futures trading fees and limits, leading to a price drop [6]

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]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 騰訊控股有限公司 呈交日期： 2025年11月21日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...