智通财经7月19日电，热门中概股多数上涨，纳斯达克中国金龙指数收涨0.6%。京东涨超3%，阿里巴 巴、哔哩哔哩、网易涨超2%，理想汽车涨超1%。 纳斯达克中国金龙指数收涨0.6% ...

An updated edition of the June 4, 2025 article.China's technology sector presents an exceptional investment opportunity in 2025, driven by breakthrough innovations, massive government support and attractive valuations. The convergence of AI leadership, semiconductor advancement and strategic government backing creates unprecedented growth potential across multiple high-tech industries and their constituent players like Bilibili (BILI) , NetEase (NTES) and VNET Group (VNET) .AI Revolution Demonstrates Global ...

出品：新浪财经上市公司研究院 作者：君 国家新闻出版署官网于6月24日披露《2025年6月份国产网络游戏审批信息》，6月共计有147款国产游戏、11款进口游戏获得版号。 从单月版号过审量来看，共计有158款新作获得版号，在5月份创下单月过审游戏数量新高以后，6月份再次刷新了这一纪录。国产游戏方面，移动游戏137 款，客户端游戏2款，"移动+客户端"游戏7款，"移动+网页"游戏1款；进口游戏方面，移动游戏4款，客户端游戏4款，"移动+客户端"游戏3款。 此外，还有7款游戏进行了信息变更，其中腾讯的《狩》增加了客户端版本，沐瞳科技即将公测的二次元手游《银与绯》也增加了客户端版本。 《星痕共鸣》是由上海宝可拉研发、腾讯游戏代理发行的一款二次元MMORPG游戏，于7月17日全平台上线。不过，该游戏上线首日即陷入"炸服"风波，紧 急停服维护后又多次延迟开服，当日在Taptap上1769名玩家给出了差评。次日负面舆情继续发酵，差评数量大幅增至2000条，评分暴跌至4.0。除服务器不稳 定外，玩家吐槽较多的问题包括：画质模糊、恶性bug频发、角色动作僵硬、强制社交等。 WeGame《王者荣耀世界》专区 《穿越火线：虹》为《 ...

| 42 | | 三七互娱 | 51.18 | | | --- | --- | --- | --- | --- | | 43 | | 新大陆 | 46.33 | | | 44 | | 岩山科技 | 44.76 | | | 45 | | 中国民航信息网络 | 44.44 | | | 46 | INESA | 云赛智联 | 42.99 | | | 47 | | 阅文集团 | 42.47 | 3 1 | | 48 | | 东华软件 | 42.26 | -1 | | 49 | | 金山云 | 41.49 | -1 | | 50 | | 银之杰 | 41.44 | -1 + | | 8 | | 中芯国际 | 474.12 | 11 | | --- | --- | --- | --- | --- | | 9 | | 京东 | 471.23 | 1 t | | 10 | | 快手-W | 383.82 | 1 t | | II | | 腾讯音乐 | 346.34 | 1 t | | 12 | | 理想汽车 | 335.69 | 1 t | | 13 | Bal & En | 百度 | 300.83 | 11 | | 14 ...

中信建投证券发布研究报告称，今年以来游戏行业供需两旺，需求端，1-5月国内手游市场规模同比增长20%；供给端，1-6月国产游戏版号数量同比增长 21%，6月单月创22年以来新高。游戏平台社区有望充分受益于游戏行业的高景气。一方面，游戏社区的用户活跃度有望增加，在不增加adload的情况下， 也可以提升平台的广告收入。另一方面，长青游戏的稳健运营和中小体量新游戏上线，有望提升游戏平台社区的游戏下载量和流水规模，从而带动平台整 体业绩增长。 游戏行业进入新景气周期，游戏用户活跃度高，社区平台受益 需求端高景气，1-5月国内手游规模同比增长20%。今年1-5月中国游戏市场规模为1411亿元，同比增长17%，其中中国移动游戏市场规模为1052亿元，同 比增长20%。单5月看，中国游戏市场规模为281亿元，同比增长10%，其中中国移动游戏市场规模为212亿元，同比增长12%。 政策回暖，供给端同样高景气。从版号数量看，1-6月发布国产游戏版号757款，同比增长21%，其中6月国产版号147款，同比增长41%，环比增长13%， 创22年以来单月新高，包括恺英《斗罗大陆》、巨人《无尽修仙》；1-6月进口版号55款，同比基本 ...

野村证券：将网易(09999.HK)目标价由233港元上调至242港元。 ...

Group 1 - The technology growth and AI sectors, which have undergone sufficient adjustments, are expected to see elastic improvements supported by performance [1][11] - The U.S. stock market showed a rebound with the Dow Jones up 0.53%, Nasdaq up 0.25%, and S&P 500 up 0.32% [4] - Major tech stocks exhibited mixed performance, with Tesla rising 3.5% and Google, Apple, and Nvidia also gaining, while Meta Platforms and Amazon saw declines [4] Group 2 - Goldman Sachs reported Q2 revenue of $14.583 billion, down 28.65% year-on-year, but net profit increased by 22.35% to $3.723 billion [4] - Bank of America experienced a 6.12% decline in Q2 revenue to $34.066 billion, with net profit rising 10.82% to $7.396 billion [4] - Morgan Stanley's Q2 revenue increased by 6.48% to $13.748 billion, with net profit up 26.47% to $4.315 billion [4] Group 3 - The U.S. Producer Price Index (PPI) showed a year-on-year increase of 2.3%, better than market expectations, with no month-on-month change in June [5] - The National Energy Administration reported a record national peak electricity load of 1.506 billion kilowatts, an increase of 0.55 billion kilowatts from the previous year [7] - The Ministry of Industry and Information Technology announced new vehicle product listings, including Tesla's new electric model [7] Group 4 - Pingming Technology expects a net profit increase of 231.79% to 302.89% for the first half of 2025, driven by growth in construction information software revenue and cost control [9] - Taiji Group plans to repurchase shares worth between 80 million and 120 million yuan, with a maximum repurchase price of 28.03 yuan per share [10] - Huayuan Holdings intends to repurchase shares worth between 20 million and 40 million yuan for employee stock ownership plans, with a maximum price of 12.28 yuan per share [11]

Market Overview - The US stock market experienced a brief fluctuation due to the "fire Powell" drama but ultimately closed with slight gains, with the S&P 500 up 0.32% at 6263.7 points, the Nasdaq up 0.25% at 20730.49 points, and the Dow Jones up 0.53% at 44254.78 points [1]. Political Influence on Markets - The incident began when Trump hosted conservative Republican lawmakers to discuss a cryptocurrency bill, leading to rumors about Powell's potential dismissal. This caused a market drop until Trump clarified he had no intention of firing Powell, stating it was merely a conceptual discussion [2][3]. - Wall Street quickly rallied in support of Powell, with major bank CEOs emphasizing the negative consequences of political interference in the Federal Reserve [2]. Market Reactions and Predictions - The market's minor reaction to the rumors indicates a lack of belief that Trump would actually dismiss Powell. If such an event were to occur, predictions suggest a potential 3%-4% drop in the trade-weighted dollar and a significant sell-off in the US Treasury market [3]. Stock Performance - Major US tech stocks had mixed performances, with Apple up 0.5%, Microsoft down 0.04%, Amazon down 1.4%, Nvidia up 0.39%, Google-A up 0.53%, and Tesla up 3.5% due to the "six-seat Model Y" [5]. - Chinese concept stocks saw a decline, with the Nasdaq Golden Dragon China Index down 1.41%. Notable declines included Alibaba down 1.06%, JD.com down 1.25%, and Baidu down 7.48% [6]. - Stablecoin concept stock Circle surged 19.39% following a procedural vote in the House for a cryptocurrency bill, although legislative progress remains stalled due to bundling issues [6]. - MP Materials, a prominent US rare earth stock, announced a new stock issuance after a significant rise, leading to a drop of over 5% in after-hours trading [7].

Core Insights - Zhejiang Province is emphasizing the high-quality development of its platform economy, aiming to establish itself as a strong province in this sector through a three-year action plan focused on creating six new benchmarks [1][2]. Group 1: Development Strategy - The six new benchmarks include: 1. Fostering technology-driven innovation 2. Building a modern industrial system through digital and physical integration 3. Enhancing international competitiveness through open collaboration 4. Stimulating consumer activity by balancing supply and demand 5. Promoting harmonious labor relations for public welfare 6. Establishing modern governance practices [1][2]. Group 2: Current Status and Challenges - As of now, Zhejiang has over 850 platform enterprises, a significant increase from 310 two years ago, maintaining a leading position in terms of both quantity and transaction volume nationally [2]. - However, the province faces increasing competition as more regions prioritize platform economies, making it challenging to retain its leading status [2]. Group 3: Technological Advancements - Emerging technologies such as AI and supply chain intelligence are identified as new growth points for platform enterprises, with a focus on encouraging transformation towards high-tech enterprises [3]. Group 4: Future Goals - Zhejiang aims to exceed 1,000 platform enterprises by 2027, with over 50 achieving a scale of 10 billion yuan in revenue, and a total platform enterprise revenue target of 2.2 trillion yuan [5].

人工智能周报（25 年第 27 周） 优于大市 Meta 全资收购 PlayAI，腾讯发布升级版混元 3D-PolyGen 模型 人工智能动态：1）公司动态：①OpenAI 推迟开源模型发布计划。②谷歌 24 亿拿下 Windsurf 部分技术与核心团队。③Meta 全资收购 PlayAI，加速布局 语音人工智能赛道。④英伟达市值突破 4 万亿美元，黄仁勋减持。⑤腾讯元 宝升级搜索功能。⑥字节跳动旗下飞书发表多款 AI 产品。 2）底层技术：①微软推出全新 Phi-4-mini-闪推理小型语言模型。②谷 歌 Gemini 接入 Veo3 模型。③阿里开源 HumanOmniV2 多模态推理模型。 ④腾讯发布升级版混元 3D-PolyGen 模型。 证券研究报告 | 2025年07月16日 3）行业政策：①上海市经济和信息化委员会发布《上海市促进人工智能产 业创新发展行动方案（2025-2027 年）》征求意见稿；②广东省工业和信息 化厅召开人工智能产业发展座谈会；③北京市科学技术委员会发布《北京市 人工智能产业高质量发展行动计划（2025-2027 年）》。 投资建议：电商行业竞争依旧激烈，各平台选择继续向商 ...