Group 1 - Bilibili's stock price increased by over 5% in pre-market trading on September 10 [1] - The previous trading day saw a nearly 7% rise in Bilibili's stock [1]

Group 1 - Goldman Sachs reported that Bilibili-W (09626) participated in the Goldman Sachs Asia Pacific Leaders Forum, discussing its game product line and release schedule [1] - The management highlighted that "Three Kingdoms: Hundred Generals Card" is expected to become a major title with daily active users (DAU) reaching millions, set to launch during the 2026 Spring Festival [1] - "Dudu Face Prank" is a mobile anime RPG featuring cute characters, expected to launch in Q4 of this year [1] - "Escape from Duckkov" is a single-player top-down shooting looter PC game, also expected to launch in Q4 of this year [1] Group 2 - Bilibili indicated that the gaming industry advertising performance was robust in the first half of the year, with major game publishers increasing their ad spending on the platform year-on-year [1] - The 3C digital business experienced unexpected growth in Q2, driven by the 618 shopping festival and national subsidies [1] - The home and household goods sector also benefited from subsidies and performed well during the 618 period, with trends expected to continue until the end of the year [1] Group 3 - The company reported a double-digit year-on-year growth in eCPM (average revenue per 1,000 ad impressions) in Q1, attributed to an expanded client base and improved conversion through algorithm optimization [1] - By Q2 of 2025, the proportion of deep conversions is expected to double, with plans to test AI-generated personalized titles and covers in the second half of 2025 to enhance ad click-through rates [1]

消息面上，高盛发表报告指，哔哩哔哩参与了该行所行的高盛亚太领袖论坛，就游戏产品线与发行时程 方面，公司指《三国：百将牌》为非对称策略休闲卡牌游戏，管理层预计将成为每日活跃用户(DAU)达 百万级别的大作，2026年春节期间正式推出。 （原标题：美股异动｜哔哩哔哩盘前续涨超5%，预计将于明年春节推出卡牌新游《三国：百将牌》） 另外，哔哩哔哩指上半年游戏行业广告表现稳健，主要游戏发行商于公司平台投放按年增长，小游戏亦 有市占。3C数码业务受618购物节与国家补贴带动，第二季增长超预期；家居及家品亦受益于补贴及 618期间表现理想，趋势可望延续至年底。高盛维持对其"买入"评级及目标价205港元。(格隆汇) 哔哩哔哩(BILI.US)盘前续涨超5%，报25.34美元；该股周二收涨近7%。 ...

Core Viewpoint - Goldman Sachs released a report indicating that Bilibili (09626) participated in the Goldman Sachs Asia-Pacific Leaders Forum, discussing its game product line and release schedule, with expectations for significant user engagement and revenue growth [1] Group 1: Game Product Line and Release Schedule - Bilibili's management expects the game "Three Kingdoms: Hundred Generals Card" to achieve daily active users (DAU) in the millions, set to launch during the 2026 Spring Festival [1] - The mobile anime RPG "Dudu Face Prank" is expected to launch in Q4 of this year, focusing on cute characters [1] - The single-player top-down shooter "Escape from Duckkov" is also anticipated to be released in Q4 of this year [1] Group 2: Advertising and Industry Trends - The gaming industry advertising performance was robust in the first half of the year, with major game publishers increasing their ad spending on Bilibili's platform year-on-year [1] - The 3C digital business experienced unexpected growth in Q2, driven by the 618 shopping festival and national subsidies [1] - Home and household products also benefited from subsidies and performed well during the 618 period, with trends expected to continue until the end of the year [1] Group 3: Advertising Revenue and Optimization - The company's eCPM (average revenue per 1,000 ad impressions) saw double-digit year-on-year growth in Q1, attributed to an expanded client base and improved conversion rates from algorithm optimization [1] - By Q2 of 2025, the proportion of deep conversions is expected to double, with plans to test AI-generated personalized titles and covers in the second half of 2025 to enhance ad click-through rates [1]

人民财讯9月10日电，恒生指数收涨1.01%，恒生科技指数涨1.27%。哔哩哔哩涨超7%，三生制药跌超 8%，老铺黄金跌逾7%，泡泡玛特跌超4%。 ...

Market Overview - The Hang Seng Index closed at 26,200.26 points, up 1.01% [1] - The Hang Seng Tech Index rose by 1.27% to 5,902.69 points [1] - The National Enterprises Index increased by 0.93% to 9,328.16 points [1] - The Red Chip Index gained 0.58%, closing at 4,376.55 points [1] Top Gainers - Bilibili-W surged over 7% to a price of 198.000 [2] - Dama Entertainment increased by over 5% to 1.190 [2] - JD Logistics and Lenovo Group both rose over 4%, with JD Logistics at 13.820 [2] - Other notable gainers include Beike-W, Construction Bank, and Agricultural Bank, all rising over 3% [1][2] Top Losers - Tianqi Lithium Industries fell by 7.97% to 39.960 [2] - Ganfeng Lithium dropped by 7.08% to 33.880 [2] - Pop Mart decreased by 4.09% to 276.400 [2] - Other significant decliners include Bosideng and Zhou Hei Ya, both down over 2% [1][2]

Group 1 - The majority of Chinese concept stocks in the US pre-market are rising, with Bilibili up by 5% [1] - Baidu has increased by 2%, while Li Auto and Tencent Music are both up by 0.9% [1] - Trip.com is up by 0.8%, Pinduoduo by 0.5%, and JD.com by 0.4%, whereas NIO has decreased by 3% [1]

Core Viewpoint - Bilibili-W (09626) has seen a significant stock price increase of over 7%, currently trading at 198.9 HKD with a transaction volume of 2.25 billion HKD, following the news of a key executive joining the company [1] Company Developments - Zhang Di, former Vice President of Kuaishou and head of the AI division, has recently joined Bilibili as the head of the technology line, bringing extensive experience from Alibaba and Kuaishou [1] - In the first half of the year, Bilibili achieved a revenue of 14.341 billion CNY, representing a year-on-year growth of 22%, and turned a profit with a net income of 210 million CNY [1] User Metrics - Bilibili's user base continues to grow, with Monthly Active Users (MAU) reaching 365 million and Daily Active Users (DAU) at 108 million, reflecting year-on-year increases of 8% and 6% respectively [1] Market Outlook - Guosen Securities highlights Bilibili's significant community and user advantages, noting that the company is still in the early stages of commercialization. The integration of new technologies like AI presents substantial growth opportunities in gaming, advertising, and value-added services [1] - With a stabilizing policy environment and gradual commercialization, Bilibili is expected to turn profitable by 2025, suggesting that its current market value and valuation have good upward elasticity, indicating a positive long-term development potential [1]

Core Viewpoint - Bilibili-W (09626) has seen a significant stock price increase of over 7%, currently trading at 198.9 HKD with a transaction volume of 2.25 billion HKD, following the news of a key executive joining the company [1] Group 1: Executive Changes - Zhang Di, former Vice President of Kuaishou and head of the AI division, has recently joined Bilibili as the head of the technology line, bringing extensive experience from Alibaba and Kuaishou [1] Group 2: Financial Performance - In the first half of the year, Bilibili achieved a revenue of 14.341 billion CNY, representing a year-on-year growth of 22% [1] - The company turned a profit with a net profit attributable to shareholders of 210 million CNY [1] Group 3: User Growth and Engagement - Bilibili's monthly active users (MAU) and daily active users (DAU) reached 365 million and 108 million respectively, showing year-on-year growth of 8% and 6% [1] Group 4: Market Outlook - Guosen Securities highlights Bilibili's significant community and user advantages, noting that the company is still in the early stages of commercialization, with promising growth potential in gaming, advertising, and value-added services driven by new technologies like AI [1] - The company is expected to achieve profitability by 2025, with current market capitalization and valuation showing good upward elasticity, indicating a positive long-term development outlook [1]

Group 1 - The Hang Seng Index rose by 1.19%, the Hang Seng Tech Index increased by 1.80%, and the Hang Seng China Enterprises Index climbed by 1.22% on September 10, with a half-day trading volume of HKD 169.612 billion [1] - The Hong Kong Stock Connect Tech ETF (159101) gained 1.36%, while the Hang Seng Internet ETF (513330) surged by 2.75% [1] - Key stocks in the Hang Seng Internet ETF saw significant increases, with JD.com-SW up by 4.63% and Baidu-SW up by 3.77% [1] Group 2 - The global liquidity improvement following the Federal Reserve's interest rate cuts is expected to benefit Hong Kong stocks, particularly the high-growth and high-volatility tech sector [1] - Hong Kong tech stocks are currently undervalued compared to historical levels, making them sensitive to changes in the US-China interest rate differential [1] - Alibaba's latest quarterly cloud revenue and capital expenditure exceeded market expectations, potentially shifting the narrative from "takeout competition" to AI, which could aid in valuation recovery for the sector [1] Group 3 - Hong Kong tech stocks offer significant valuation advantages compared to global tech assets, with DeepSeek indicating that China is in the top tier of global AI competition [2] - The increasing global influence of China suggests that Chinese tech assets have substantial growth potential, warranting higher valuations [2] - Currently, Hong Kong tech stocks are significantly undervalued compared to major tech indices like NASDAQ and ChiNext, with the valuation gap not fully reflecting their growth potential [2]