智通财经APP获悉，Sensor Tower商店情报平台最新数据显示，点点互动王牌力作 《Whiteout Survival》 12月下旬推出圣诞主题活动，多重联动玩法和海量福利层层解锁，强势点燃全球玩家消费热情，助力游 戏稳坐出海手游收入榜冠军宝座。Sensor Tower 最新数据显示，截至2025年12月《Whiteout Survival》 全球累计收入突破40亿美元，再创出海手游商业价值新高度。 柠檬微趣《Gossip Harbor》本月收入再度上涨7%，创历史新高，摘得出海手游收入榜亚军。12月双档 活动轮番上阵：圣诞主题"Once Upon a Snowglobe"碰撞新年狂欢"End-of-Year Errands"，以创新玩法与 丰厚奖励持续激活玩家热情，稳坐全球合成手游赛道头把交椅。 12月《使命召唤手游》以密集更新引爆海外市场：11日游戏开启六周年庆典，同步上线第11赛季"全球 行动"，引入备受期待的新模式"DMZ: 禁区"；12日重磅推出与《街头霸王6》(Street Fighter 6)的跨界联 动，并上线全新武器蓝图与战斗通行证。系列更新撬动玩家活跃度与付费意愿，助力游戏海外收入环 ...

根据《晚点latepost》最新整理的数据，2025年，网易市值重返中国互联网前五。在"专注核心业务"的战略下，游戏业务提供稳定现金流，云音乐完成独 立融资，考拉早在几年前就已出售。集团层面的战略验证了其有效性。 2019年深秋，曼哈顿的寒风并未冷却纽交所门前的热度。丁磊与周枫并肩站在敲钟台前，镁光灯下，两人的笑容里藏着不同的期待。 当媒体问及为何给予这位技术出身的CEO如此高比例的股权时，丁磊给出的回答带着典型的网易式理想主义："要让有能力的人对自己所从事的事情更有 参与感。"彼时，有道词典的月活已破亿，K12网课业务激战正酣，丁磊甚至在现场预言，中国的在线教育模式将在三四年后影响世界。 五年半过去，那份"参与感"对应的财务报表，呈现出了另一番景象。 但在集团向好的大盘中，有道似乎成为了"走得最慢的孩子"。2021年后，有道营收开始步入低速区间；2024年虽然首次实现全年经营利润为正，但到了 2025年，利润压力依然存在。 "学习与广告AI应用服务提供商"这个新Title听起来充满了AI时代的科技感，但剥离掉"AI"与"应用"这些修饰定语，有道当下的核心增长点其实很明确：广 告。 2025年上半年，网易有道 ...

港股科技股跌幅进一步扩大，恒生科技指数跌2.3%，成分股中，腾讯音乐跌超5%，阿里巴巴、比亚迪 股份跌超4%，蔚来、哔哩哔哩、小鹏汽车、快手、零跑汽车跌超3%，腾讯、美团、网易、中芯国际跌 超2%。 本文源自：金融界AI电报 ...

柠檬微趣《Gossip Harbor》本月收入再度上涨7%，创历史新高，摘得出海手游收入榜亚军。12月双档 活动轮番上阵：圣诞主题"Once Upon a Snowglobe"碰撞新年狂欢"End-of-Year Errands"，以创新玩法与 丰厚奖励持续激活玩家热情，稳坐全球合成手游赛道头把交椅。 12月《使命召唤手游》以密集更新引爆海外市场：11日游戏开启六周年庆典，同步上线第11赛季"全球 行动"，引入备受期待的新模式"DMZ: 禁区"；12日重磅推出与《街头霸王6》(Street Fighter 6)的跨界联 动，并上线全新武器蓝图与战斗通行证。系列更新撬动玩家活跃度与付费意愿，助力游戏海外收入环比 提升36%，成功问鼎增长榜冠军，跻身收入榜第5名。 12月初，米哈游《原神》迎来全新"月之三"版本"空月之歌·间奏"，全新剧情、角色和活动的上线再次 掀起玩家热潮，当日即登顶日本iOS手游畅销榜。版本加持下本期海外收入劲增47%，排名飙升5位至收 入榜第9名，强势斩获增长榜亚军。 继11月全球公测引爆市场后，朝夕光年3D ARPG手游《境 界 刀鸣》(英文：BLEACH: Soul Resonance) ...

Group 1 - The Hong Kong stock market experienced a decline in technology stocks, with the Hang Seng Technology Index falling by 1.5% [1] - Notable declines among major companies include Tencent Music down nearly 5%, Alibaba down over 3%, and BYD, Kuaishou, Xpeng Motors, NIO, Kingdee International, Tongcheng Travel, and Bilibili all down over 2% [1] Group 2 - Tencent Music's stock decreased by 4.72%, with a year-to-date decline of 2.03%, and a total market capitalization of 209.41 billion [2] - Alibaba's stock fell by 3.45%, with a year-to-date increase of 1.96%, and a total market capitalization of 2.78 trillion [2] - BYD's stock dropped by 2.82%, with a year-to-date increase of 1.10%, and a total market capitalization of 878.90 billion [2] - Kuaishou's stock decreased by 2.78%, with a year-to-date increase of 14.78%, and a total market capitalization of 319.98 billion [2] - Xpeng Motors' stock fell by 2.63%, with a year-to-date decline of 2.08%, and a total market capitalization of 148.53 billion [2] - NIO's stock decreased by 2.52%, with a year-to-date decline of 7.47%, and a total market capitalization of 93.39 billion [2] - Kingdee International's stock fell by 2.39%, with a year-to-date increase of 4.29%, and a total market capitalization of 49.20 billion [2] - Tongcheng Travel's stock decreased by 2.35%, with a year-to-date increase of 3.92%, and a total market capitalization of 54.81 billion [2] - Bilibili's stock fell by 2.33%, with a year-to-date increase of 8.55%, and a total market capitalization of 86.64 billion [2] - Tencent Holdings' stock decreased by 1.82%, with a year-to-date increase of 3.67%, and a total market capitalization of 5.66 trillion [2] - NetEase's stock fell by 1.75%, with a year-to-date increase of 4.94%, and a total market capitalization of 712.98 billion [2]

Summary of the Conference Call on the Gaming Sector Industry Overview - The Chinese gaming market is projected to reach a scale of 330 billion yuan in 2025, with a year-on-year growth of 15%, and a fourth-quarter growth rate approaching 10%, indicating a significant recovery [1] - The user base continues to grow, with female players accounting for 48%, highlighting the potential of the female-oriented gaming market [1][3] - The female-oriented gaming market is expected to reach 8 billion yuan in 2024, with a year-on-year growth exceeding 120% [1][5] - The mini-program gaming market is also showing strong growth, with a projected year-on-year increase of over 30% in 2025 [1][6] Key Insights and Arguments - The performance of products like "Love and Deep Space" and the growth potential in simulation and casual competitive segments are driving new growth points in the market [1] - The overseas revenue growth for self-developed mobile games is expected to be 11% in 2024 and 13% in 2025, with global mobile game revenue projected to reach 81 billion USD by the end of 2025, reflecting a year-on-year growth of approximately 7.5% [1][7][9] - The issuance of game licenses has reached a new high, promoting the supply of quality content and enhancing ARPU (Average Revenue Per User) [1][8] Notable Trends - The PC gaming market in China is expected to grow by 15%, while the console gaming market is projected to grow by over 80%, significantly outpacing global averages [3][10][11] - The rapid expansion of the Steam platform's simplified Chinese user base indicates a strong demand for PC and console games among Chinese players [10] - The integration of AI technology in gaming is driving the industry towards a new phase of intelligence, with expectations for blockbuster AI-enhanced games to emerge in 2026 [19][20] Emerging Products and Market Dynamics - New game launches in 2025 include titles from Kaiying Network and Perfect World, with several games expected to be released in the first half of the year [12][13] - Mid-tier developers are expected to have a rich product matrix in 2025, indicating strong growth demand [14] - The mini-program gaming market is transitioning from a focus on user acquisition to emphasizing development and operational capabilities, with product quality and gameplay becoming increasingly important [15] Policy Impacts - Policy incentives for mini-game developers include maintaining a 40% incentive ratio and increasing the cap from 2.4 million to 4 million, which is expected to enhance developer earnings and positively impact the mini-game market in 2026 [16] Future Outlook - The gaming industry in China is anticipated to remain vibrant in 2026, driven by content co-creation, emerging genres like simulation management and UGC (User Generated Content), and innovations from AI technology [21] - Investment opportunities are expected to arise from companies with strong revenue performance or significant upcoming catalysts, including Shanghai Huatuo, Giant Network, Kaiying Network, Perfect World, and 37 Interactive Entertainment, as well as Tencent Holdings and Xindong Company in the Hong Kong market [21]

刚刚，Sensor Tower商店情报平台发布2025年12月中国手游产品在海外市场收入及下载量排行榜，报告 仅统计应⽤商店IAP预估值，不包括⼴告变现收⼊和中国地区第三方安卓渠道收入。 12月出海手游收入榜 点点互动王牌力作 《Whiteout Survival》12月下旬推出圣诞主题活动，多重联动玩法和海量福利层层解 锁，强势点燃全球玩家消费热情，助力游戏稳坐出海手游收入榜冠军宝座。Sensor Tower 最新数据显 示，截至2025年12月《Whiteout Survival》全球累计收入突破40亿美元，再创出海手游商业价值新高 度。 柠檬微趣《Gossip Harbor》本月收入再度上涨7%，创历史新高，摘得出海手游收入榜亚军。12月双档 活动轮番上阵：圣诞主题"Once Upon a Snowglobe"碰撞新年狂欢"End-of-Year Errands"，以创新玩法与 丰厚奖励持续激活玩家热情，稳坐全球合成手游赛道头把交椅。 12月《使命召唤手游》以密集更新引爆海外市场：11日游戏开启六周年庆典，同步上线第11赛季"全球 行动"，引入备受期待的新模式"DMZ: 禁区"；12日重磅推出与《街头霸 ...

Market Overview - The Hang Seng Index (HSI) closed at 26,526.37, down by 184.08 points or 0.69% from the previous close [1] - The index opened at 26,762.67 and reached a low of 26,524.46 during the trading session [1] - The trading volume was 44.585 million shares, with an average price of 26,644.01 [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 127.849, down 0.74% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 630.832, down 0.26% from the Hong Kong close [2] - Alibaba Group (W) saw a decline of 1.31%, closing at HKD 150.800 [3] - China Ping An increased by 4.96%, closing at HKD 72.000 [3] - Meituan (W) had a slight increase of 0.66%, closing at HKD 106.100 [3] ADR Performance - Tencent's ADR price was USD 630.832, reflecting a decrease of 0.26% compared to its Hong Kong stock price [3] - Alibaba's ADR was USD 146.902, down 2.58% from its Hong Kong counterpart [3] - HSBC's ADR closed at USD 127.849, down 0.74% compared to its Hong Kong price [3]

截至收盘，港股恒生指数涨1.38%，报26710.45点，恒生科技指数涨1.46%，报5825.26点，国企指数涨 1.05%，报9244.24点，红筹指数涨1.33%，报4140.89点。券商板块领涨，招商证券涨超12%，国泰君安 国际涨超11%，中金公司涨超8%，中国银河、国泰海通、申万宏源香港均涨超7%；有色金属板块上 涨，中国大冶有色金属涨超8%，招金矿业涨超7%。 大型科技股中，阿里巴巴-W跌1.31%，腾讯控股涨1.28%，京东集团-SW涨1.58%，小米集团-W跌 1.47%，网易-S涨2.96%，美团-W涨0.66%，快手-W涨2.58%，哔哩哔哩-W涨2.19%。 高盛：料澳门博彩股第四季业绩稳健 高盛发布研报称，澳门上月博彩毛收同比升15%至209亿澳门元，为市场预期下限，部分受贵宾厅赢率 在最后一至两周低于正常水平影响。全年博彩毛收同比升幅略高于9%，对比市场预期的7%至8%。该行 指，中国澳门受惠中日关系紧张下内地旅客从日本分流，去年11月入境旅客同比增长重新加速至 18%（10月增11%），主要由内地旅客同比升22%带动。 银河证券发布研报称，12月人工智能板块维持震荡走势，小幅微跌 ...

在投资标的选择上，该行看好腾讯与阿里巴巴作为核心AI受益股；携程与网易则凭借稳健的盈利能力 展现韧性；极兔速递具备跨境业务的增长潜力。 花旗发表研报指，中国互联网板块在2025年表现突出，以31%的涨幅领跑全球主要市场。展望2026年， 中国的AI主题有望成为互联网行业的核心焦点，市场预期将围绕三大方向展开：首先是云基础设施、 及推理Token使用所带来的持续性收入增长；其次是AI聊天机器人之间的流量入口争夺战，主要互联网 企业正加速抢占AI时代的流量关口，以便未来生态系统的变现；最后是垂直领域的玩家透过自主训练 的专有数据AI代理，保持领先地位并加强用户黏性与变现潜力。 ...