本报讯(记者桂小笋) 大会现场，腾讯云副总裁、腾讯智慧文旅建农体方案与架构负责人王墨也分享了对行业发展趋势的判断 和洞察，从AI、出海、全域经营三个方向介绍了腾讯智慧零售与生活产业的行业洞察和产品能力，以 期携手更多合作伙伴在波动的环境中创造增长确定性。 随着前沿AI技术逐渐在各行业的真实业务场景落地，AI已经成为了企业经营的底层增长力。腾讯将持 续加大AI投入，聚焦产业场景，将"好用的AI"开放给各行各业。 2026年即将启航，"千域计划"也将迈入第五年。站在新的起点上，"千域计划"将继续通过招募筛选培 育、分层管理与支持、腾讯生态赋能等手段，助力行业内的优秀伙伴共同成长，深度共创，共探数字化 增长的无限可能与崭新路径。 日前，腾讯智慧零售与生活产业2025年度生态合作伙伴大会暨"千域计划"年度颁奖盛典举办，超百位生 态服务商到场探讨产业生态的新机遇、新洞察和新实践。 会上，腾讯智慧零售与生活产业宣布"千域计划"再度升级，从合作机制、配套激励与资源支持等方面为 合作伙伴提供更多支持，助力合作伙伴发掘增长新机。 ...

Market Overview - A-shares experienced a collective rise with nearly 4,500 stocks closing in the green, and the total trading volume in Shanghai and Shenzhen reached 1.73 trillion yuan, an increase of 704 billion yuan from the previous day [1][19][20] - The Shanghai Composite Index has shown three consecutive days of gains, recovering the 10-day and 20-day moving averages, with a key resistance level at approximately 3,912 points [1][19] Economic Indicators - Recent economic data from the US, including November's non-farm payrolls and CPI, along with Japan's central bank raising its target interest rate by 25 basis points to 0.75%, have alleviated external uncertainties for the A-share market [20] - The US CPI data has boosted market confidence, leading to increased expectations for a rate cut by the Federal Reserve in January [20][29] Sector Performance - The chemical sector continues to perform strongly, with the Chemical ETF (516020) rising by 1.75% and attracting over 2 billion yuan in net inflows over the past five trading days [4][20][25] - Key stocks in the chemical sector, such as Zangge Mining and Hangyang Co., saw significant gains, with Zangge Mining increasing by 6.56% [4][23] Investment Trends - The market is shifting focus from external factors to internal dynamics, with a notable interest in sectors benefiting from the "anti-involution" trend, particularly in chemicals and non-ferrous metals [20][22] - The Hong Kong market is also seeing a rebound, with the Hong Kong Internet ETF (513770) experiencing a net inflow of 13.3 billion yuan over the past ten days, indicating strong investor interest [20][30] Future Outlook - Analysts from Zhongyin Securities believe that the A-share market remains in an upward channel, with a transition from policy-driven momentum to profit-driven growth expected [22] - The chemical industry is anticipated to see a marginal improvement in its economic outlook, with supply-demand dynamics expected to stabilize [25][26] - The Hong Kong market is positioned for a rebound, with a focus on technology growth stocks as the market prepares for a potential upward trend [30][31]

中国青年报客户端讯（中青报·中青网记者 沈杰群）2025腾讯ConTech大会日前在京举办。大会设置主 论坛和分论坛，主论坛探讨"智能变革时代中创新如何坚守本真""如何在变革浪潮中探寻新创作和审 美"等议题，分论坛从财经、科技、教育领域，多维探讨各行业的"智变路径"，解锁趋势发展密码。 谈及AI对文艺作品创作的赋能，编剧、导演、北京大学教授陈宇预测，AI会开拓出新的审美层次，人 工智能就是我们下一个起点，而且这个时刻并不会遥远；导演、监制李少红认为，好作品离不开人的创 作，能够体现出人的内涵和境界，"硅基生命是否拥有与人类类似的情感与精神世界"仍是个充满未知的 课题。 活 动现场。主办方供图 主论坛上，腾讯新闻负责人何毅进表示，AI技术对内容生产与消费产生深远影响。伴随着AI技术的指 数级发展，一款好的资讯产品需要完成双重进化。资讯产品的最高价值，不是填满时间，而是点亮思 维。 AI能否重塑心理疗愈模式？北京师范大学心理学部党委书记、心理学教授乔志宏表示，只要"让人感受 到被安慰"就是有效，研究发现AI在识别、判断、缓解情绪方面已达到专业水平；深圳恒晖公益基金会 创始人陈行甲表示，心理健康面临"海量需求"与" ...

Company News - SF Holding (06936.HK) reported a total revenue of 27.173 billion yuan for its express logistics, supply chain, and international business in November, representing a year-on-year growth of 7.85%. The express logistics business revenue grew by 9.88%, with a business volume increase of 20.13% [2] - Capital Investment (02324.HK) expects to achieve an unaudited consolidated net profit of approximately 115 million to 140 million HKD for the fiscal year ending September 30, 2025, marking a turnaround from losses, primarily due to the performance of listed equity investments [2] - Tianqi Lithium (09696.HK) has completed the construction of the third phase of its chemical-grade lithium concentrate expansion project and has officially commenced trial production [2] - Qingdao Port (06198.HK) plans to purchase two assets from the Qingdao Shipping Financial Center for the development of a cruise port [2] - CanSino Biologics (06185.HK) has initiated Phase I clinical trials for its DTCP–HIb–MCV4 combined vaccine and completed the enrollment of the first subject [2] - Fuhong Hanlin (02696.HK) received approval from the U.S. Food and Drug Administration for its application for the Phase I clinical trial of HLX18, a biosimilar to Nivolumab for the treatment of various solid tumors [2] - China National Nuclear Corporation (01763.HK) announced that its subsidiary, CNNC Haidewei, has received clinical approval for its BNCT boron drug [2] - Hisense Home Appliances (00921.HK) subscribed to a financial product from Jingu Trust for 1.892 billion yuan [2] Acquisition and Disposal - Evergrande Property (06666.HK) has received several updated non-binding offers from selected bidders, which the liquidators are currently considering [3] - Ruian Construction (00983.HK) has completed the sale of Ruian Property Management Services Co., Ltd. [4] - Tianjin Port Development (03382.HK) plans to purchase ten gantry cranes for 185 million yuan [5] Buyback Activities - Tencent Holdings (00700.HK) repurchased 1.036 million shares at a cost of 636 million HKD, with buyback prices ranging from 607 to 617 HKD [5] - Xiaomi Group-W (01810.HK) repurchased 3.75 million shares for 152 million HKD, with buyback prices between 40.42 and 40.56 HKD [6] - COSCO Shipping Holdings (01919.HK) repurchased 3.9655 million shares for 53.6689 million HKD, with buyback prices ranging from 13.47 to 13.73 HKD [6] - Kuaishou-W (01024.HK) repurchased 755,000 shares for 49.9509 million HKD, with buyback prices between 65.4 and 66.6 HKD [7]

Investment Rating - The industry investment rating is "Positive" and maintained [8] Core Insights - In November, the issuance of game licenses reached a new high, with 184 licenses granted, including 178 domestic and 6 imported games, surpassing the previous record since the resumption of license issuance in 2022 [10][11] - Major self-developed games from leading companies continue to perform well overseas, with Point Point Interactive's "Whiteout Survival" and "Kingshot" ranking first and second in the November overseas mobile game revenue chart [10][11] - A new product cycle is approaching as key new games from listed companies are set to launch, with significant titles scheduled for testing and release in December [6][10] Summary by Sections Game License Issuance - In November, a total of 184 game licenses were issued, setting a new monthly record for domestic licenses, with notable approvals for games from Perfect World, Kaixin, and Bilibili [10][11] - Year-to-date, 1,532 domestic game licenses have been issued, exceeding the total of 1,306 for the entire year of 2024 [10] Overseas Performance - The overseas performance of top self-developed games remains strong, with "Whiteout Survival" achieving over $3.8 billion in cumulative revenue and "Kingshot" exceeding $640 million [10][11] - The casual merge game "Tasty Travels: Merge Game" saw a 10% revenue increase in November, ranking fourth in the global merge game revenue chart [10] Upcoming Game Releases - Key new games from listed companies are set to launch, including Giant Network's "Famous General Kill" on December 19 and G-bits' "Nine Muxi" on December 18 [6][10] - Other notable upcoming titles include Tencent's "Counter-Strike: Future" scheduled for January 13, 2026, with over 25 million pre-registrations [6][10]

（文章来源：每日经济新闻） 每经AI快讯，12月19日，南向资金净买入约33.71亿港元。腾讯控股、阿里巴巴-W分别获净买入约11.17 亿港元、10.49亿港元；中国移动遭净卖出10.53亿港元。 ...

智通财经APP获悉，12月19日港股市场，北水成交净买入33.71亿港元，其中港股通(沪)成交净卖出9.27亿港元，港股通(深)成交净 买入42.97亿港元。 | 中芯国际 HK 00981 | 5.42亿 | 2.50亿 | 7.92亿 +2.92亿 | | --- | --- | --- | --- | | 小米集团-W | 4.661乙 | 2.55亿 | 7.21亿 | | HK 01810 | | | +2.11亿 | | 地平线机 ... | 2.58亿 | 2.38亿 | 4.96亿 | | HK 09660 | | | +1985.72万 | | 小鹏汽车-W | 2.55亿 | 1.98亿 | 4.53亿 | | HK 09868 | | | +5696.81万 | 北水净买入最多的个股是腾讯(00700)、阿里巴巴-W(09988)、中国海油(00883)。北水净卖出最多的个股是中国移动(00941)、中芯国 际(00981)、小鹏汽车-W(09868)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | ...

来源：第一财经 南向资金今日净买入33.71亿港元，腾讯控股、阿里巴巴-W、中国海洋石油净买入额位列前三，分别获 净买入11.17亿港元、10.49亿港元、2.17亿港元。净卖出方面，中国移动、地平线机器人-W、中芯国际 分别遭净卖出10.53亿港元、1.62亿港元、0.78亿港元。 ...

腾讯控股(00700)发布公告，于2025年12月19日斥资6.36亿港元回购103.8万股。 ...

Group 1 - The core dispute between Tencent and Sony revolves around allegations of intellectual property infringement regarding Tencent's game "Wild Origin," which Sony claims has copied elements from its "Horizon" series [2][5] - In response to the lawsuit, Tencent argued that core gameplay mechanics should not be monopolized by any single company and that the infringement claims lack substantial evidence since the game has not yet been released [5][6] - After a series of negotiations, both companies announced a resolution to their dispute on December 18, 2025, deciding to refrain from further public comments and to continue their collaboration [8][12] Group 2 - The gaming industry is witnessing a shift where traditional single-purchase games are being challenged by free-to-play models, prompting Sony to develop its own online titles [10] - Tencent, known for its service-oriented games, has a strong portfolio of long-standing IPs, which positions it favorably in the current gaming landscape [12] - The collaboration between Tencent and Sony is seen as a strategic move to maximize mutual benefits rather than engaging in prolonged legal battles over a single game's IP [12]