华泰证券：中国游戏企业的出海已全面进入“高质量增长新时代”

Core Insights - The global gaming market is transitioning from a traffic-driven model to one focused on structural innovation, marking a new era of "high-quality growth" for Chinese gaming companies venturing abroad [1] Group 1: Opportunities in Overseas Expansion - Opportunities for overseas expansion are identified as: 1) Regional expansion shifting from a "broad net" approach to a "precision farming" strategy, balancing emerging markets with high-value markets [1] 2) Updates in gameplay and genres, with mixed gameplay and cross-platform trends emerging as new directions [1]