作为国内AI原生SaaS领域的代表性企业，迈富时在第三季度持续强化AI智能体产品矩阵，正式发布国 际版 AI+CDP MA与AgentData两款新产品，并升级推出视频营销专家 Nora，进一步拓展在跨境营销与 数据智能决策领域的能力。同时，AI-Agentforce 中台2.0的平台能力也随之全面增强，支持更多场景与 多模态交互，帮助企业在全球化运营中实现更高效的数据驱动决策与自动化执行。 11月19日，港股上市公司迈富时（02556.HK）披露截至2025年9月30日止三个月的经营数据。报告期 内，公司AI SaaS业务收入较去年同期增长约45%，精准营销服务毛收入同比增长约37%，整体业绩表现 超出市场预期，延续上半年的稳健增长态势。 AI SaaS高速增长，智能体进入产业深水区 2025年第三季度，全球AI应用进入从技术突破到产业落地的关键阶段。作为中国AI原生软件领域的代 表企业，迈富时有望持续受益。 报告期内，公司AI SaaS业务实现45%的同比增长，延续上半年的高增势头。公司在智能体中台、国际 版AI+CDP MA等核心模块的持续迭代，使AI能力深度嵌入企业营销、客服、销售、供应链等业务环 节 ...

Core Insights - Artificial intelligence (AI) is recognized as a strategic technology driving a new wave of technological revolution and industrial transformation, with significant breakthroughs in China's AI industry [1][2] - By the end of 2024, 249 million internet users in China are expected to use generative AI products, representing 17.7% of the total internet population, which is projected to rise to 570 million users (over 40%) by 2025 [1][2] - The integration of AI with the real economy is moving from pilot exploration to large-scale application, with over 13,000 computing power application projects across various sectors [3] Industry Development - As of May 2025, China has 138,000 5G application cases across 86 categories of the national economy, with a significant increase in the number of 10GPON ports [2] - AI patent applications in China reached 1.576 million by April 2025, accounting for 38.58% of global applications, indicating a strong focus on core technology breakthroughs [2] - The establishment of a collaborative ecosystem involving academia, industry, and research is crucial for the commercialization of AI technologies [3][4] AI Applications and Commercialization - The concept of "intelligent agents" is emerging as a key application of AI, with expectations that 2025 will be a pivotal year for innovation in this area [3][4] - Companies like China Mobile and China Unicom are actively developing AI applications in various sectors, demonstrating significant labor productivity improvements [3][4] - Despite the growth in application scenarios, the commercialization of intelligent agents is still in the exploratory phase, requiring further innovation in business models [4] Security Challenges - The rapid integration of AI into various industries presents unprecedented challenges in cybersecurity, with incidents of data breaches involving intelligent agents already reported [5][6] - The emergence of "intelligent hacker agents" poses a new threat, as traditional cybersecurity measures may not suffice against automated attacks [5][6] - Companies are shifting towards a "security as a service" model to enhance cybersecurity capabilities, addressing the shortage of skilled professionals in the field [5][6]

Core Viewpoint - Tencent's Yuanqi officially integrates WeChat Pay MCP, enabling developers to add functionalities such as ordering, appreciation, and order inquiries directly on smart devices, thus completing the last mile of smart device commercialization [1] Group 1 - The integration supports developers in enhancing user interaction with smart devices [1] - It facilitates the commercialization process for smart devices by providing essential payment functionalities [1] - This move is expected to drive further adoption of smart devices in the market [1]