Kunlun(SZ:300418) Bei Jing Qing Nian Bao·2025-12-24 18:26Core Viewpoint - Kunlun Wanwei has evolved from a domestic gaming company to a global leader in artificial intelligence, with significant overseas revenue and a strong user base, positioning itself as a benchmark for Chinese tech companies going global [1][4]. Group 1: Company Growth and Strategy - The company was founded with a global vision, starting from online game development and expanding into international markets early on [1][2]. - Kunlun Wanwei's flexible market strategy allows it to focus on rapidly growing markets without fixed revenue targets, adapting to industry changes effectively [2]. - The company has made strategic investments, such as acquiring Opera and launching successful products like StarMaker, which has over 310 million registered users [2][4]. Group 2: AI Development and Revenue - In 2025, Kunlun Wanwei achieved a total revenue of 5.8 billion yuan, a 52% year-on-year increase, with overseas revenue accounting for 93% [4]. - The company has established a comprehensive presence in the AI sector, with products like DramaWave generating significant revenue and Linky achieving over 20 million downloads [4][5]. - The AI music platform Mureka and the Opera browser also contribute to the company's strong market performance, with Opera being the fourth largest browser globally [4]. Group 3: Market Expansion and Compliance - Kunlun Wanwei emphasizes "technological innovation" and "proactive compliance" as key factors for success in international markets [5]. - The company invests heavily in technology and localizes its products to fit diverse cultural contexts in regions like India and Africa [5]. - A rigorous compliance approach ensures that the company secures necessary licenses before launching operations in new markets [5]. Group 4: Government Support - The rapid growth of Kunlun Wanwei is supported by various levels of government in Beijing, providing policy, talent, and funding advantages [6]. - The local government offers tailored services to address the company's needs and assists in obtaining operational licenses for AI products [6]. - Chinese embassies abroad also play a crucial role in facilitating business operations and ensuring the stability of overseas teams [6].