解码三七互娱投资棋局：以游戏为核，向科技生态延伸

Core Viewpoint - The recent investments by the company in brain-computer interface firm Qiangnao Technology and GEO service provider Zhitui Times reflect a strategic evolution towards building a comprehensive technology ecosystem centered around gaming and AI [1][2]. Investment Strategy Evolution - The company's investment strategy has evolved through two key phases: the first phase (2015-2019) focused on building a pan-entertainment content ecosystem centered on gaming, while the second phase (2020 onwards) emphasizes the integration of entertainment and technology, particularly in next-generation hardware and advanced technology trends [4][5]. Recent Investment Focus - In 2023, the company has concentrated its investments in hard technology, targeting high-quality enterprises such as Xingkong Technology, Fangqing Technology, and Guanglun Intelligent, which cover critical areas in AI and computing power [2][5]. Investment Logic - The core investment logic is anchored in the principle of "gaming as the core, extending towards a technology ecosystem," with a focus on optimizing product supply in gaming and exploring new growth opportunities in AI, XR, and human-computer interaction [5][10]. Investment Selection Criteria - The company has established three core selection criteria for investments: 1. Leading innovation capability, prioritizing projects with differentiated advantages and market leadership [6]. 2. Commercial validation to reduce risks, selecting projects with successful product launches and endorsements from major firms [7]. 3. Strong business ecosystem synergy, ensuring that each project complements the existing investment ecosystem [7]. Future Investment Directions - The company aims to explore three main investment directions: 1. Deep integration of AI and culture, focusing on the application of large models and AI technology in various operational scenarios [10]. 2. Layout of the AI and computing power industry chain, connecting infrastructure, algorithms, and applications [10]. 3. Securing immersive experience hardware and interaction technologies to establish the next generation of information interaction interfaces [11]. Long-term Investment Philosophy - The company adopts a long-term investment philosophy, recognizing the importance of respecting technological development cycles and industry growth periods, and aims to drive high-quality growth through a combination of capital and industry [11].