传媒互联网行业周报：重视AI+应用细分领域进度，前置关注AR眼镜产品

Investment Rating - The investment rating for the media and internet industry is "Positive" (maintained) [2] Core Views - Recent strong performance from overseas companies such as Duolingo, Applovin, and Shopify highlights the value of AI in business scenarios, suggesting a focus on the progress of AI applications in niche areas and a proactive approach to AR+AI glasses products [2][3] - The report emphasizes the importance of continuous development in AI applications, particularly in B-end and C-end user feedback, as well as innovations in content and business models [2][3] Summary by Sections Industry Performance Tracking - From November 11 to November 15, 2024, the Shanghai Composite Index decreased by 3.52%, the Shenzhen Component Index by 3.70%, and the CSI 300 by 3.29%, while the media sector ranked first among all industries with a slight increase of 1.07% [20][22] Industry News - The Chinese gaming market generated a revenue of 29.083 billion yuan in October 2024, showing a month-on-month decrease of 4.10% but a year-on-year increase of 14.40% [29] - Tencent announced the acquisition of EasyBrain for approximately 86 billion yuan, with EasyBrain's net income for the fiscal year 2023/24 reaching 3.1 billion USD [33] - The report highlights the launch of new AI video generation models by Jiemeng AI, enhancing video creation capabilities [32] Company Announcements - Tencent's Q3 2024 revenue reached 167.2 billion yuan, a year-on-year increase of 8%, with a net profit of 60.9 billion yuan, reflecting a 33% growth [37] - NetEase reported a stable performance in Q3 2024 with a net income of 27.3 billion yuan, and significant investments in AI technology [41] - Bilibili's Q3 2024 revenue grew by 26% to 7.31 billion yuan, with a notable increase in active user engagement [43] AI Investment Events - Eleven AI-related investment events were reported, with significant funding rounds including a 200 million USD Series C for Writer, indicating strong market recognition [46][47] Gaming Performance - The top-grossing games in China included "Three Kingdoms: Strategy Edition" and "Honor of Kings," demonstrating strong market performance [48][51]