B站通报：原游戏合作部总经理被逮捕 金十数据7月2日讯，B站发布了一封内部邮件，通报了原游戏合作部总经理张X敏的违法行为，称其在 B站工作期间存在严重的职务犯罪行为，并表示该人员已经被公安机关依法逮捕。 （一财） ...

据港交所公告，6月25日，摩根士丹利在哔哩哔哩(09626.HK)的多头持仓比例已从4.57%上升至5.10%。 ...

证券研究报告 | 行业点评报告 2025 年 07 月 02 日 新发国产版号 147 款、进口版号 11 款 游戏行业 6 月版号点评 TMT 及中小盘/传媒 6 月 24 日，国家新闻出版署公布了 147 款国产版号、11 款进口版号。147 款国 产版号中，其中"移动"类 76 款；"移动-休闲益智"61 款，"移动、客户端" 7 款，"移动、网页"1 款，纯"客户端"2 款；11 款进口版号中，"移动"4 款，"客户端"4 款，"移动、客户端"3 款。 重点公司主要财务指标 | 公司简称 | 公司代码 | 市值 | 24EPS | 25EPS | 25PE | PB | 投资评级 | | --- | --- | --- | --- | --- | --- | --- | --- | | 恺英网络 | 002517.SZ | 37.5 | 0.76 | 0.98 | 17.8 | 5.2 | 强烈推荐 | | 巨人网络 | 002558.SZ | 41.4 | 0.74 | 0.84 | 25.6 | 3.2 | 强烈推荐 | | 姚记科技 | 002605.SZ | 11.2 | 1.29 | 1.7 ...

一、复杂应用开发的分水岭：状态管理 现代移动应用的复杂性已远非简单的页面跳转所能涵盖。以哔哩哔哩APP为例，其首页就包含推荐视频流、动态更新、热门榜单等多个状态密集 型组件，这些组件之间还存在复杂的交互依赖关系。课程开篇直指Flutter开发者的普遍痛点：当应用规模增长到一定程度，缺乏良好架构设计的 代码会迅速变得难以维护，出现所谓的"状态地狱"现象。 课程创新性地提出了"状态复杂度评估模型"，从状态来源数量、组件间依赖程度、生命周期要求三个维度，帮助开发者预先识别潜在问题点。通 过对比不同规模应用的状态管理需求，学员能清晰理解为什么简单应用可以依赖setState，而商业级项目必须采用更专业的解决方案。 二、架构思维培养：从模仿到设计 与传统教程不同，本课程不是简单地教如何实现某个功能，而是着重培养架构决策能力。在仿制哔哩哔哩APP的过程中，学员将经历完整的架构 设计流程：从需求分析开始，到状态树设计、数据流规划，最后落地为可维护的代码结构。这种"先设计后编码"的思维方式，是初级开发者向架 构师蜕变的关键。 课程特别强调"关注点分离"原则在实际项目中的应用。以视频播放页为例，UI渲染、业务逻辑、状态管理、网 ...

Bilibili (BILI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power ...

在庆祝成立16周年的盛会上，哔哩哔哩（B站）以其独特的社区文化和蓬勃的发展态势，吸引了广泛关注。庆典的焦点之一，无疑是B站董事长兼CEO陈睿 的主题演讲，他以"每一种热爱"为核心，深入剖析了B站的用户生态与业务成就。 陈睿在演讲中透露，B站的用户基础持续壮大，一季度日活跃用户数量已突破1.07亿大关，月活跃用户更是高达3.68亿。尤为尽管用户规模不断扩大，但B站 的用户结构依然保持年轻活力，平均年龄仅为26岁，且超过70%的用户来自高校，985高校覆盖率更是高达82%。这些数据不仅彰显了B站在年轻群体中的强 大吸引力，也反映了其用户群体的高素质特征。 陈睿在演讲中还深情回忆了自己初入B站的时光，从观看的第一支视频《凉宫春日的消失》，到第一次投币、第一次充电，再到"承包"最喜欢的动画《真实 之泪》，这些经历让他深刻感受到了兴趣带来的纯粹快乐。他强调，正是这种对兴趣的热爱，让B站的用户们相聚在一起，共同构建了这个充满活力和创造 力的社区。 在演讲现场，几位资深UP主也分享了自己的创作历程和心得。其中，"-Lks-"作为2024年百大UP主之一，已经投稿超过10年。他从最初的游戏和二次元音乐 领域起步，逐渐拓展到艺 ...

User Growth and Engagement - Bilibili's daily active users surpassed 107 million in Q1, with monthly active users reaching 368 million, indicating a continuous expansion of its user base [1] - The average age of users is 26, with over 70% coming from universities, and an impressive 82% coverage from 985 universities [1] - User engagement is strong, with 16 million users logging in more than 360 days a year and 26 million logging in every month, reflecting year-on-year increases of 60% and 30% respectively [1] - Daily average usage time exceeds 108 minutes, showcasing deep user affection for the platform [1] - Retention rates are high, with 80% of users retained after 12 months, 84% for those over 10 years, and 90% for users registered for over 15 years [1] Creator Economy - In 2024, over 3.1 million creators (UP主) earned income on Bilibili, with monthly average transaction volume per creator increasing by 28% and monthly average charging income rising by 122% [2] Personal Connection and Community - The CEO shared personal experiences with Bilibili, highlighting the joy of interests and community, which resonate with users regardless of age or income [5] - Notable creators include "-Lks-", who has been active for over 10 years and has diversified content across various fields, and "小潮院长", who transitioned from gaming to becoming a well-known director on the platform [5] - "小透明明TM" experienced significant growth after returning to his passion for art and history, with a video on "清明上河图" achieving over 7 million views and his art book selling over 20,000 copies [6] Future Outlook - The CEO emphasized that the commonality among Bilibili users is their passion for interests, which is fundamental to the platform's community and future development [9]

港交所文件显示，6月20日，摩根大通在哔哩哔哩(09626.HK)的持仓比例从13.31%降至12.80%。 ...

Group 1 - Bilibili has achieved profitability for three consecutive quarters since Q3 2024, indicating an acceleration in its commercialization efforts [1] - The platform has successfully initiated a positive feedback loop between commercialization and content innovation, necessitating a re-evaluation of its true marketing value as the internet user value dividend reaches its ceiling [3] - Bilibili's user base has aged slightly, with an average age of 26 in 2025, while still maintaining a youthful, highly engaged demographic capable of spending [5][8] Group 2 - The platform's mass-market evolution has not diluted its youth-oriented DNA, with students and young professionals continuing to inject new vitality into the community [6] - Bilibili's monthly active users had an average age of 26 as of April 2025, with 62.25% aged 16-35, and a growing presence of female users, who accounted for 44% of active users [8][9] - Content consumption in categories such as maternity and parenting rose 76% YoY, indicating a shift in user interests and engagement [10] Group 3 - Bilibili's content strategy includes a focus on Occupationally Generated Video (OGV) to build a robust IP matrix, enhancing brand value and monetization opportunities [16][17] - The platform has cultivated a range of niche, small-format shows that explore social issues and Gen Z lifestyles, achieving viral success through a combination of OGV, PUGC, and UGC [22] - Original Chinese animation has become a core focus, with 67% of ACG users actively consuming it, driving monetization through various channels [23][24] Group 4 - Bilibili has built a rich matrix of cultural IPs, fostering a strong sense of trust and identity among users, which enhances brand participation in its ecosystem [30] - The platform's connection of "Youthful Expression" with young users enables deep emotional value through companionship and shared growth, facilitating long-term user engagement [32] - Bilibili's community atmosphere amplifies user feedback, creating valuable opportunities for small and mid-sized brands to achieve strong conversion rates [34][35] Group 5 - Bilibili is redefining the future of "Youth Marketing" through a positive "Content - User - Commerce" cycle, evolving from a niche ACG community to a profitable content platform [37] - The platform serves as a cultural and emotional companion to youth cohorts, providing an irreplaceable space for brands to connect authentically with young audiences [38] - By leveraging content to engage young users, Bilibili is fueling a virtuous cycle that lays a long-term foundation for future growth [39]

Group 1 - The Hong Kong Hang Seng Index opened with a gain of 0.62% [1] - The Hang Seng Tech Index increased by 0.9% [1] - BYD Company and Alibaba both saw their shares rise by over 2% [1] - Dongfang Zhenxuan and Bilibili experienced a rise of over 1% [1]