Core Viewpoint - The company, 37 Interactive Entertainment (三七互娱), announced an investment of up to $10 million in the SX Global Flagship Fund II L.P., which has a total expected scale of up to $300 million, focusing on cutting-edge technology, Software as a Service (SaaS), and other tech-related fields [1] Company Summary - 37 Interactive Entertainment's wholly-owned subsidiary, 37Starseek Co., Limited, will utilize its own funds for the investment [1] - The investment aligns with the company's strategy to engage in advanced technology sectors and diversify its investment portfolio [1] Industry Summary - The SX Global Flagship Fund II L.P. is expected to target investments in frontier technology and SaaS, indicating a growing interest in these sectors within the investment landscape [1] - The total fund size of up to $300 million reflects significant capital allocation towards technology-driven opportunities [1]

Market Overview - On August 1, the gaming sector rose by 0.48% compared to the previous trading day, with G-bits leading the gains [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Top Gainers in Gaming Sector - G-bits (603444) closed at 348.00, up 2.40% with a trading volume of 18,300 lots and a transaction value of 614 million [1] - ST Kaiwen (002425) closed at 3.04, up 1.67% with a trading volume of 94,500 lots [1] - Giant Network (002558) closed at 24.12, up 1.60% with a trading volume of 416,500 lots [1] - ST Huaton (002602) closed at 12.89, up 1.42% with a trading volume of 1,107,300 lots and a transaction value of 1.408 billion [1] Top Losers in Gaming Sector - Glacier Network (300533) closed at 34.88, down 3.54% with a trading volume of 198,800 lots [2] - Youzu Interactive (002174) closed at 14.43, down 2.43% with a trading volume of 496,400 lots [2] - WenTou Holdings (600715) closed at 2.29, down 1.29% with a trading volume of 340,700 lots [2] Capital Flow Analysis - The gaming sector experienced a net outflow of 664 million from main funds, while speculative funds saw a net inflow of 166 million and retail investors had a net inflow of 498 million [2] - Specific stocks like ST Huaton and Xunyou Technology had varying levels of net inflow and outflow from different investor types [3]

Market Overview - The Shanghai Composite Index is at 3555.41 points, with a decline of 0.50% [1] - The total trading volume of A-shares is 128.87 billion yuan [1] Technical Analysis - A total of 64 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Tongzhou Electronics: -1.29% - Marubi Biological: -0.95% - GeKao Micro: -0.69% [1] Individual Stock Performance - Key stock performances include: - Tongzhou Electronics (002052): Today's change -1.15%, 5-day MA at 10.70 yuan, 10-day MA at 10.84 yuan, with a distance of -1.29% [1] - Marubi Biological (603983): Today's change -2.84%, 5-day MA at 39.78 yuan, 10-day MA at 40.16 yuan, with a distance of -0.95% [1] - GeKao Micro (688728): Today's change 0.33%, 5-day MA at 15.71 yuan, 10-day MA at 15.82 yuan, with a distance of -0.69% [1] - Other notable stocks include: - Huatai Securities (601059): Today's change -0.86%, 5-day MA at 16.73 yuan, 10-day MA at 16.84 yuan, with a distance of -0.66% [1] - Jiabao (600622): Today's change -1.01%, 5-day MA at 3.08 yuan, 10-day MA at 3.10 yuan, with a distance of -0.64% [1] Additional Stock Movements - Other stocks with notable movements include: - Laka Laka (300773): Today's change -4.02%, 5-day MA at 27.62 yuan, 10-day MA at 27.73 yuan, with a distance of -0.39% [2] - Yongtai Technology (002326): Today's change 4.09%, 5-day MA at 13.25 yuan, 10-day MA at 13.29 yuan, with a distance of -0.32% [2] - Qijing (603677): Today's change -0.46%, 5-day MA at 19.91 yuan, 10-day MA at 19.96 yuan, with a distance of -0.25% [2]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of August 1, 2025, highlighting significant shifts in rankings and valuations [1]. Group 1: Market Capitalization Rankings - TSMC leads the list with a market capitalization of $125.32 billion [3]. - Tencent Holdings ranks second with a market capitalization of $64.22 billion [3]. - Alibaba has moved up to the third position with a market capitalization of $28.77 billion, showing a notable increase from its previous rank of 12 [3]. Group 2: Notable Companies and Changes - Xiaomi Group is ranked fourth with a market capitalization of $17.57 billion [3]. - Pinduoduo follows closely in fifth place with a market capitalization of $16.11 billion [3]. - Meituan and NetEase are ranked sixth and seventh, with market capitalizations of $9.46 billion and $8.25 billion, respectively [3][4]. Group 3: Additional Rankings - Semiconductor Manufacturing International Corporation (SMIC) is in eighth place with a market capitalization of $5.23 billion [4]. - JD.com is ranked tenth with a market capitalization of $4.54 billion [4]. - Kuaishou and Tencent Music are ranked 11th and 12th, with market capitalizations of $4.17 billion and $3.25 billion, respectively [4]. Group 4: Lower Rankings - Companies ranked from 25 to 50 include Kingdee International at $0.83 billion and Yuyuan at $0.40 billion, indicating a diverse range of valuations among the lower-ranked firms [5][6].

Core Insights - The gaming industry must develop its own AI strategy, focusing on culture, organization, talent, capabilities, and investment to effectively implement AI from the top down [1] Group 1: AI Strategy and Implementation - Sanqi Interactive's AI initiatives began in 2018, leading to the establishment of an AI architecture centered around an industry model called "Xiao Qi," which includes over 40 AI capabilities applied across various business segments [2] - The company has achieved significant efficiency improvements, producing over 500,000 2D images in a single quarter with an 80% increase in productivity, and generating over 300 3D assets, accounting for more than 30% of total output [2] - AI customer service has been integrated into all of Sanqi Interactive's games, achieving an accuracy rate of 80%, equivalent to the efficiency of a 30-person customer service team [2] Group 2: AI Applications and Future Directions - Over 60% of Sanqi Interactive's overseas games utilize AI translation, boasting a 95% accuracy rate, while AI material infringement detection enhances advertising efficiency by quickly identifying plagiarized content [2] - Future exploration includes the integration of discriminative AI in games like "Mingyue Gongxin II" to create nonlinear gaming experiences, allowing for personalized storylines for each player [3] - The company plans to increase investment in AI technology development, build an AI talent framework, and optimize existing AI tools and platforms to enhance performance and intelligence [3]

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 22nd ChinaJoy will take place from August 1 to 4 at the Shanghai New International Expo Center, highlighting the significance of the event in the digital interactive entertainment industry [1] - Wang Chuanpeng, Vice President of Data at 37 Interactive Entertainment, discussed the company's AI strategy, which encompasses six aspects: culture, organization, talent, capability, and investment [1][3] - The self-developed game industry model "Xiao Qi Model" aims to reconstruct past digital capabilities, indicating a shift towards advanced AI integration in gaming [3] Group 2 - The path to Artificial General Intelligence (AGI) includes three directions: natural language, visual language, and programming language, suggesting a comprehensive approach to AI development [3] - AI empowerment in the gaming industry allows for a full-process integration, covering aspects such as project planning, creative sourcing, creative production, and copyright detection [3] - The efficient work model enabled by AI is designed to allow thinkers to make choices and dreamers to create, emphasizing the transformative potential of AI in the industry [3]

| 36 | | 阿里巴巴 | 2799.92 | | | --- | --- | --- | --- | --- | | 4 | | 小米集团-W | 1763.96 | | | 5 | | 拼多多 | 1603.06 | | | | 網易 | 网易 | 825.18 | 11 | | 7 | | 东方财富 | 520.85 | II | | 8 | | 中芯国际 | 516.85 | | | --- | --- | --- | --- | --- | | 9 | | 京东 | 457.68 | | | 10 | | 快手-W | 409.34 | | | II | | 腾讯音乐 | 326.82 | | | 12 | Bal Car | 目度 | 295.44 | | | 13 | | 理想汽车 | 283.13 | | | 14 | | 贝壳 | 221.36 | | | 15 | | 同花顺 | 218.78 | | | 16 | | 小鹏汽车 | 171.87 | | | 17 | | 中通快递 | 159.79 | | | 18 | | 科大讯飞 | 157.13 | | | 19 | | 蔚来 ...

薪酬最高的董秘为三七互娱的叶威，2024年度薪酬498.66万元，较上一年增长42.82万元，约是行业平均薪酬的5.6倍。公司经营业绩方面，三七互娱2024年的营收、净利润分别为174.41亿 履历显示，叶威1983年出生，本科学历，中国注册会计师，2017年1月起任公司董秘。2006年8月至2013年7月任安永会计师事务所广州分所审计经理；2013年7月至2015年3月任三七互娱（ 近期，证监会发布《上市公司治理准则（修订征求意见稿）》（下称"《治理准则》"），要求上市公司建立薪酬管理制度，规定董事高管薪酬与公司经营业绩、个人业绩相匹配，促进董事高管和 证监会强调，上市公司董事、高级管理人员的绩效薪酬和中长期激励收入的确定和支付应当以绩效评价为重要依据，先考核再兑现。上市公司应当依据经审计的财务数据开展绩效评价，并确定一 责任编辑：公司观察 导语：传媒行业A股上市公司董秘中，三七互娱（维权）的董秘叶威薪酬最高，2024年达到498.66万元，较上一年增长42.82万元。与此同时，三七互娱2024年营收、净利润分别同比下降5.4 数据显示，截止7月29日，A股市场共有5817家上市公司。董秘作为连接投资者与上 ...

数据显示，截止7月29日，A股市场共有5817家上市公司。董秘作为连接投资者与上市公司的"桥梁"， 在上市公司资本运作中发挥着关键作用。据2024年年报显示，去年A股董秘薪酬合计达40.86亿元，平均 薪酬75.43万元。 证监会强调，上市公司董事、高级管理人员的绩效薪酬和中长期激励收入的确定和支付应当以绩效评价 为重要依据，先考核再兑现。上市公司应当依据经审计的财务数据开展绩效评价，并确定一定比例的绩 效薪酬在年度报告披露后支付。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：公司观察 分行业来看，2024年，传媒行业上市公司董秘薪酬总额1.16亿元，平均薪酬88.72万元。 薪酬最高的董秘为三七互娱的叶威，2024年度薪酬498.66万元，较上一年增长42.82万元，约是行业平均 薪酬的5.6倍。公司经营业绩方面，三七互娱2024年的营收、净利润分别为174.41亿元、26.73亿元，同 比减少5.4%、0.54%。 履历显示，叶威1983年出生，本科学历，中国注册会计师，2017年1月起任公司董秘。2006年8月至2013 年7月任安永会计师事务所广州分所审计经理；2013年7月至2015年3月任三 ...