Group 1 - The Hang Seng Technology Index fell over 2% in early trading on October 10, indicating a negative market sentiment towards technology stocks [1] - The Hang Seng Index also experienced a decline of more than 1%, reflecting broader market weakness [1] - Notable declines were observed in several companies, with SMIC down over 5.5%, NIO and Xpeng both dropping nearly 5%, and Baidu and Hua Hong Semiconductor falling over 3% [1]

Market Overview - US stock indices closed lower on Thursday, with the Dow Jones Industrial Average recording its largest single-day drop in a month, down 243.36 points to 46358.42, a decline of 0.52% [1] - The S&P 500 index fell 18.61 points to 6735.11, down 0.28%, while the Nasdaq Composite dropped 18.75 points to 23024.63, a decrease of 0.08% [1] - Among the 11 sectors of the S&P 500, the materials sector saw the largest decline, while the consumer staples sector was the only one to rise [1] Earnings Season Insights - The upcoming earnings season is anticipated to show whether corporate profits can continue the stable growth seen in the past two quarters, with analysts expecting an 8.8% year-over-year increase in S&P 500 earnings for Q3, down from 13.8% in the previous quarter [2] - Major banks including JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo are set to report their earnings next week [2] Economic Indicators - The yield on the US 10-year Treasury rose by 1.7 basis points to 4.15%, while the 2-year Treasury yield increased by 1.3 basis points to 3.60% [3] - The futures market indicates a 94.6% probability of a 25 basis point rate cut by the Federal Reserve in October, as the job market may weaken further [2] Commodity Prices - International oil prices fell, with WTI crude oil futures down 1.66% to $61.51 per barrel, and Brent crude down 1.55% to $65.22 per barrel [3] - Gold prices also retreated, with spot gold down 1.62% to $3976.76 per ounce, and COMEX gold futures down 1.96% to $3990.9 per ounce [3] Corporate Developments - Delta Air Lines reported stronger-than-expected Q3 earnings and raised its guidance for the current quarter, resulting in a 4.3% increase in its stock price [2] - The Keator Group's partner noted that the market is adjusting due to a lack of new economic data and clear policy signals, which is a natural occurrence [2]

Core Viewpoint - Bilibili (BILI.US) shares rose over 5% to $30.05 following the announcement of new game releases, indicating positive market sentiment towards the company's upcoming gaming portfolio [1] Group 1: Game Releases and Expectations - Bilibili announced the upcoming release of the asymmetric strategy card game "Three Kingdoms: Hundred Generals Card" on October 10, with expectations for a formal launch in early 2024 [1] - The company is set to launch the exclusive SLG game "Three Kingdoms: Strategize the World," which is anticipated to perform well, contributing to revenue growth [1] - Management expects "Three Kingdoms: Hundred Generals Card" to achieve daily active users (DAU) in the million range, with a formal release planned for the 2026 Spring Festival [1] Group 2: Additional Game Releases - "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 shooter PC game, also anticipated to be released in Q4 of this year [1]

（文章来源：每日经济新闻） 每经AI快讯，10月9日，热门中概股盘初多数下跌，纳斯达克中国金龙指数跌0.9%。小鹏汽车跌超4%， 蔚来跌超3%，理想汽车、阿里巴巴、百度跌超2%，京东跌超1%，哔哩哔哩涨超5%。 ...

Core Viewpoint - Bilibili (BILI.US) has seen a stock increase of over 5%, reaching $30.05, following the announcement of its new game "Three Kingdoms: Hundred Generals Card" set to begin testing in October, with expectations for significant contributions to revenue in 2024 [1] Group 1: Game Releases and Expectations - The game "Three Kingdoms: Hundred Generals Card" is a non-symmetric strategy casual card game, with management anticipating it will achieve daily active users (DAU) in the millions, officially launching during the 2026 Spring Festival [1] - Bilibili is set to launch an exclusive SLG game titled "Three Kingdoms: Strategize the World" in 2024, which is expected to perform well and contribute to revenue growth [1] - Additional game releases include "Dudu Face Prank," a mobile anime RPG expected to launch in Q4 of this year, and "Escape from Duckkov," a single-player top-down shooter PC game also anticipated for Q4 release [1]

Core Viewpoint - Bilibili (BILI.US) shares rose by 6.35% to $30.33 in pre-market trading following the announcement of a new game titled "Three Kingdoms: Hundred Generals Card" set to begin testing in October, with expectations for significant contributions to revenue in 2024 from upcoming game launches [1] Company Summary - Bilibili's new game "Three Kingdoms: Hundred Generals Card" is scheduled for testing in October, with a potential official launch in early 2024 [1] - The company is expected to perform well with the exclusive agency of the SLG game "Three Kingdoms: Strategize the World" in 2024, alongside a strong pipeline of additional game products [1] - The stock closed at $28.52 on October 8, with a pre-market price of $30.33 on October 9, reflecting a significant increase [1] Industry Summary - Chinese game developers are increasingly establishing a foothold overseas, particularly in Japan, through high-quality game projects and unique gameplay [1] - The trend of multi-platform distribution is becoming standard for Chinese game companies expanding internationally [1] - There is optimism regarding the potential of Chinese game developers in research, production, and localization, with a focus on major Japanese companies like Nintendo and Bilibili [1]

Core Viewpoint - The majority of Chinese concept stocks in the US pre-market are experiencing declines, with notable exceptions such as Bilibili which is up by 6% [1] Company Performance - Bilibili is showing a positive performance with a 6% increase [1] - JD.com is slightly down by 0.2% [1] - NIO has decreased by 0.5% [1] - Li Auto and Alibaba both fell by 1% [1] - Xpeng Motors is down by 3% [1] - BeiGene has seen a decline of 4% [1]

Core Viewpoint - Bilibili-W (09626) has seen a significant increase in stock price, rising over 7% following the announcement of a new game and positive market outlook for its future products [1] Group 1: Company Developments - Bilibili has announced a new asymmetrical competitive card game titled "Three Kingdoms: Hundred Generals Card," set to begin testing in October [1] - The company is expected to officially launch the exclusive agency SLG game "Three Kingdoms: Strategize the World" in early 2024, which is anticipated to perform well [1] - Bilibili has a strong pipeline of upcoming game products that are likely to contribute to revenue growth [1] Group 2: Market Analysis - According to China Merchants Securities, Bilibili's advertising share across multiple industries is showing significant improvement, indicating strong commercialization potential [1] - The recent launch of OpenAI's Sora2, which quickly topped the App Store's free app chart, signifies a merging of AI video generation and social interaction, potentially transforming content creation and distribution [1] - Huatai Securities suggests that advancements in multimodal AI models could lead to efficiency improvements and business model changes across various sectors, including video, social media, gaming, advertising, and e-commerce [1] - Bilibili is recognized as a rare PUGV mid-video platform, with substantial potential for AI to enhance content creation [1]

Core Viewpoint - Bilibili-W (09626) has seen a significant increase in stock price, rising over 7% following the announcement of a new game and positive forecasts for future performance [1] Group 1: Company Developments - Bilibili has announced a new asymmetric competitive card game titled "Three Kingdoms: Hundred Generals Card," set to begin testing in October [1] - The company is expected to officially launch an exclusive agency SLG game "Three Kingdoms: Strategize the World" in early 2024, which is anticipated to perform well [1] - Bilibili has a strong pipeline of upcoming game products that are likely to contribute to revenue growth [1] Group 2: Market Analysis - According to招商证券, Bilibili's advertising market share is showing significant improvement, indicating strong commercialization potential [1] - 华泰证券 highlights the recent launch of OpenAI's Sora 2, which has topped the App Store free applications chart, suggesting a shift in content creation and distribution dynamics [1] - The integration of AI in video generation and social interaction is expected to enhance efficiency and transform business models across various industries, including video, social, gaming, advertising, and e-commerce [1] Group 3: Investment Insights - 华创证券 identifies Bilibili as a rare PUGV mid-video platform, suggesting that AI advancements could greatly enhance content creation possibilities [1]

第 1 頁 共 13 頁 v 1.1.1 | 3. 股份分類 | 其他分類 (請註明) | 股份類別 | 其他類別 (請註明) | 於香港聯交所上市 (註1) | 否 | | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 未指定 | | | | 2. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09626 | 說明 | Z類 | | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | | | 法定/註冊股本 | | | 上月底結存 | | | 9,800,000,000 USD | | | 0.0001 | USD | | | 980,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | | 本月底結存 ...