Group 1 - The performance of Hong Kong tech stocks showed divergence in the afternoon trading session [1] - Tencent Holdings (00700.HK) experienced a decline of over 3% [1] - Alibaba (09988.HK) saw an increase of over 1% [1] Group 2 - Other stocks such as Bilibili (09626.HK) and Kuaishou (01024.HK) also faced weakness [1]

港股科网股午后走弱，哔哩哔哩(09626.HK)、快手(01024.HK)跌超3%，网易(09999.HK)、腾讯控股 (00700.HK)等跟跌。 ...

Group 1 - The Nasdaq China Golden Dragon Index rose by 0.66% on August 1 [1] - Most popular Chinese concept stocks experienced gains, with NIO increasing nearly 8% and Kingsoft Cloud rising over 5% [1] - Alibaba, Bilibili, and Baidu each saw increases of over 2%, while Li Auto and Miniso experienced declines of over 1% and 4% respectively [1]

Group 1 - Bilibili (BILI.US) pre-market shares increased by 2.56%, reaching $22.85 [1] - The "China Game Industry Report" indicates that the domestic game market's actual sales revenue will reach 168 billion yuan in the first half of 2025, representing a year-on-year growth of 14.08% [1] - The number of game users in China is expected to reach approximately 679 million, with a year-on-year increase of 0.72%, marking a historical high [1] Group 2 - Bilibili's closing price on July 30 was $22.28, with a pre-market price of $22.85 on July 31 [1] - The company's total market capitalization is approximately $9.197 billion [1] - The stock has a 52-week high of $31.77 and a low of $12.72 [1]

Group 1: Market Performance - The CSI Hong Kong-Shenzhen Game and Cultural Media Index (931580) rose by 1.18% as of July 31, 2025, with notable gains from Kuaishou-W (01024) up 8.63%, BlueFocus (300058) up 7.35%, and Liou Co. (002131) up 7.03% [1] - The Game Media ETF (517770) increased by 0.99%, with the latest price at 1.13 yuan [1] Group 2: Company Listings and Valuations - AI application design collaboration platform Figma is set to go public on July 31, raising its IPO price range to $30-32 per share, aiming for a valuation of approximately $18.8 billion [1] - Figma's projected revenues for 2024 and Q1 2025 are $74.9 million and $22.8 million, respectively, reflecting year-on-year growth of 48% and 46% [1] Group 3: AI Industry Insights - The WAIC conference in 2025 highlighted the broader application of AI, showing significant improvements in implementation and commercialization [2] - The domestic AI industry is expected to experience a spiral upward trend, with specific sectors like imaging and cross-border e-commerce likely to benefit directly from AI advancements [2] Group 4: Index Composition - As of June 30, 2025, the top ten weighted stocks in the CSI Hong Kong-Shenzhen Game and Cultural Media Index accounted for 51.85% of the index, including Kuaishou-W (01024), Tencent Holdings (00700), and Bilibili-W (09626) [3] - The top ten stocks by weight are as follows: Kuaishou-W (9.53%), Tencent Holdings (9.28%), and others with varying weights [4]

Group 1 - The core viewpoint is that Hong Kong tech stocks are experiencing a significant upward trend, with Kuaishou rising over 7% and Bilibili increasing more than 3% [1] Group 2 - Kuaishou's stock performance indicates strong investor interest and potential growth in the tech sector [1] - Bilibili's rise also reflects positive market sentiment towards technology companies in Hong Kong [1]

智通财经7月31日电，港股科网股持续上扬，快手涨超7%，哔哩哔哩涨超3%。 ...

港股科网股持续拉升，快手(01024.HK)涨超7%，哔哩哔哩(09626.HK)涨超3%，腾讯控股(00700.HK)、 网易(09999.HK)等跟涨。 ...

Core Viewpoint - The article discusses how AI is reshaping the advertising industry through precision and automation, which is expected to enhance media eCPM in the short to medium term [4][6]. Group 1: Content Production - AI tools for content generation are reducing creative costs and enhancing market competitiveness. For instance, Kuaishou's AIGC marketing material consumption has exceeded 30 million yuan daily, estimated to account for a low double-digit percentage of overall material consumption [4][6]. - The use of AI tools has led to significant cost reductions, with Kuaishou reporting a 70% decrease in material costs for representative clients, while Tencent's Miaosi can reduce production costs by over 50% [4][6]. Group 2: Advertising Optimization - AI-driven advertising systems are optimizing the advertising process by enhancing user insights and achieving precise targeting, which directly impacts eCPM. This involves understanding user behavior data and social media interactions to create detailed user profiles [4][13]. - Platforms like Douyin are integrating multi-modal interaction data to achieve real-time matching of ad content with user scenarios through dynamic creative optimization [4][14]. Group 3: Interactive Innovation - The introduction of AI-powered customer service and digital human live streaming is filling marketing gaps and enhancing professional agent capabilities. For example, Kuaishou's AI customer service has improved local service merchants' lead retention rates by over 20% [5][18]. - Digital humans can operate continuously and support multiple live streaming scripts, significantly reducing initial investment costs and enabling 24-hour coverage [5][19]. Group 4: Industry Landscape Changes - Major platforms are accelerating ecosystem restructuring and transforming service provider roles. Leading platforms are using AI to redefine traditional industry chain divisions, resulting in increased advertising budgets from advertisers [5][28]. - Traditional 4A companies are evolving into "AI strategy service providers," integrating AI tools into their service offerings to enhance value and adapt to industry changes [5][29]. Group 5: eCPM Optimization - The core of eCPM optimization lies in understanding user groups and ad content. Platforms are analyzing these elements to improve advertising monetization efficiency [4][22]. - Key factors influencing eCPM include enhancing precision in understanding user intent, improving efficiency in content production, and increasing value through diverse advertising models [4][27].

Group 1 - Bilibili's stock price increased by 2.03% to $22.895 per share, with a total market capitalization of $9.635 billion as of July 30 [1] - For the fiscal year ending March 31, 2025, Bilibili reported total revenue of 7.003 billion RMB, representing a year-on-year growth of 23.63%, and a net profit attributable to shareholders of -9.102 million RMB, showing a significant year-on-year increase of 98.78% [1] - On July 17, Bilibili received a target price upgrade from Bank of America to $27, with a current rating of Buy [1] Group 2 - Bilibili, founded in June 2009 and officially named in January 2010, is a leading video community brand among China's younger generation, offering diverse video content to meet users' varied interests [2] - The company aims to enrich the daily lives of young people in China, promoting a community where users and content creators can interact based on shared interests across various fields such as life, gaming, entertainment, anime, technology, and knowledge [2] - Bilibili believes it can seize the significant opportunities presented by the "videoization" trend, which is expected to create a large video industry in China [2]