Core Insights - Tencent and ByteDance are intensifying their efforts in the advertising mini-game sector, with Tencent launching over 10 mini-games and ByteDance's "Dream Sudoku" reaching over 5.5 million users [1][14] - The rise of lightweight entertainment products like mini-games is becoming a new battleground for major companies to capture user attention and engagement [1][22] Tencent's Strategy - Tencent is significantly increasing its self-developed mini-games and also acquiring third-party games for further development, showcasing a well-planned product strategy [3][9] - The company has launched 9 mini-games across various genres, including brick-breaking and card strategy, to avoid internal competition and maintain user interest through rapid iteration [3][10] Revenue Generation - The core model of mini-games involves watching ads to unlock features, with top games reportedly generating over 1 million in daily ad revenue [2][22] - Users typically engage with ads 5-10 times per day, making this a low-cost, high-return investment for major companies [2][22] ByteDance's Approach - ByteDance's "Dream Sudoku" simplifies traditional Sudoku gameplay, attracting a large user base through its low entry barrier and social features [14][19] - The game integrates ads and payment options seamlessly within the Douyin ecosystem, enhancing user experience and ad conversion rates [19][20] Market Dynamics - The competition among major players is driven by the need to convert traffic into revenue, with mini-games effectively bridging the gap between user engagement and monetization [22][23] - However, the market faces challenges such as content homogeneity and potential user fatigue from excessive ad placements [22][23] Future Outlook - The sustainability of the mini-game trend will depend on companies' ability to innovate and differentiate their offerings, potentially by integrating popular IPs or enhancing user experience through technology [23][24] - The current industry excitement reflects a rush to capitalize on traffic opportunities, but long-term success will hinge on overcoming the challenges of content saturation and user retention [23][24]