格隆汇8月28日丨望尘科技控股(02458.HK)发布公告，截至2025年6月30日止六个月，得益于本集团核心 游戏的快速利润增长，集团收入约人民币4.70亿元，同比增长约48.9%；毛利录得约人民币2.38亿元， 较去年同期上涨38.6%；净利润录得约人民币5370万元，较去年同期约人民币2550万元上涨110.3%。 作为公司技术实力的集中体现，2025年上半年《最佳球会》实现产品力与商业价值的共振爆发。在技术 底层重构方面，基于神经网路AI演算法和Motion Matching运动引擎，在动作、AI、3D模型等方面进行 了专项提升，推动写实足球品类体验标准跃升新台阶。IP生态建设呈现良性循环，IP投入回报率超过 300%；成功完成与德国国家队的续签，新增托雷斯、比利亚等多位金球级传奇球星；更历史性获取俄 超联赛完整授权。通过构建多元化IP矩阵，可最大化覆盖足球圈层文化版图，在深化玩法体系丰富度的 同时，精准启动不同球迷群体的情感共鸣，最终撬动用户生命周期价值的增量增长。 同时，上半年《最佳球会》全球化运营实现质效双升。依托核心人才战略的持续深化，《最佳球会》在 全球发行体系构建上实现质性突破。专业团队赋 ...

在游戏板块普遍回暖的2025年上半年，金山软件（HK03888，股价35.720港元，市值500.23亿港元）游 戏业务却遭遇了始料未及的压力与挑战。 据公司财报及业绩电话会议，2025年二季度金山软件网络游戏及其他业务总收入为9.52亿元，同比下降 26%，环比下降8%；2025年上半年，该部分业务总收入为19.88亿元，较2024年同期下降10%。核心新 游戏《解限机》（Mecha BREAK）上线月余表现未达预期，叠加2024年同期高基数影响，游戏板块收 入同比下滑超过两成。 作为金山软件旗下西山居研发的科幻机甲题材新品，《解限机》自上线以来，始终承载着公司拓展新游 戏品类的重要期望。追溯产品当前不及预期的背后原因，玩家反馈与行业环境变化构成两大关键变量。 金山软件执行董事及首席执行官邹涛在电话会中提到，早在2025年初的测试阶段，研发团队就曾根据玩 家意见对游戏进行修改，当时玩家普遍反映"游戏需要投入过多精力与金钱"，团队据此调整了玩法机制 以降低门槛，但从实际效果看，"调整后游戏变得没有那么有意义"，玩家对玩法深度的认可度下滑，间 接影响用户留存与付费转化。 不过，《每日经济新闻》记者注意到，西山居 ...

Core Insights - Jay Chou's entry into Douyin marks a significant strategic move for the platform, aiming to enhance its content ecosystem and commercial capabilities [12][27] - The collaboration is expected to strengthen Douyin's position in the competitive short video market, especially against rivals like Kuaishou and Xiaohongshu [15][26] Group 1: Douyin's Strategic Move - Jay Chou's Douyin account "周同学" gained 1 million followers within 2 hours, setting a record for celebrity account launches on the platform [2][11] - Douyin's user engagement is substantial, with over 1 billion monthly active users as of March 2025, averaging more than 1.5 hours of video consumption daily [2][12] - The partnership with Jay Chou is seen as a strategic response to Kuaishou's previous exclusive deal with him, which is set to expire in 2025 [12][27] Group 2: Impact on Related Companies - The stock price of Giant Legend (06683.HK), a company closely associated with Jay Chou, surged over 200% following the announcement of his Douyin account, with a single-day transaction volume reaching 35.4 billion HKD [8][20] - A-share companies like Zhihong Home (603801.SH) and Fengshang Culture (300860.SZ) also experienced significant stock price increases, reflecting the market's positive sentiment towards Jay Chou's influence [8][20] - Jay Chou's commercial empire spans various sectors, including music, fashion e-commerce, and digital entertainment, which could provide Douyin with new revenue streams [16][18] Group 3: Content and E-commerce Strategy - Douyin aims to enhance its content ecosystem by potentially opening up Jay Chou's 200 songs for user-generated content, fostering a collaborative environment for music creation [13][20] - The platform is also looking to innovate in e-commerce, leveraging Jay Chou's brand to boost sales and user engagement, especially in high-frequency consumption scenarios like food and beverage [22][26] - Douyin's strategy includes integrating Jay Chou's digital persona into its offerings, which may involve collaborations in live streaming and local services [20][23] Group 4: Long-term Vision - Douyin's acquisition of PICO and its focus on VR social experiences align with its broader strategy to capture the next generation of interactive content [23][27] - The partnership with Jay Chou could serve as a model for future collaborations, enhancing Douyin's competitive edge in the evolving digital landscape [27][28]