此外，腾讯旗下《王者荣耀》等四款手游凭借稳定的用户基础与持续的内容运营，在9月中国App Store 手游收入榜单中表现突出，成功包揽榜单前四名，进一步彰显了中国头部手游产品在国内市场的强大号 召力。 整体来看，9月中国手游厂商在全球市场的收入占比与榜单入围数量均保持较高水平，头部企业通过产 品更新、玩法创新与海外市场拓展，不断提升核心竞争力，为中国手游产业的持续健康发展注入强劲动 力。 10月9日消息，据Sensor Tower商店情报平台最新发布的《2025年9月中国手游发行商全球收入排行榜》 显示，9月共有32家中国手游厂商成功跻身全球手游发行商收入榜TOP100，合计创收19.5亿美元，在同 期全球TOP100手游发行商总收入中占比达36.1%。 从具体企业表现来看，网易凭借多款手游的强势发力，稳固占据本期全球发行商收入榜第3名。其中，8 月末上线的《梦幻西游手游轻享服》通过创新优化玩法门槛、强化社交回流机制与科学调整消费节奏， 有效激活老玩家回归热情与新玩家付费潜力，9月收入较8月环比增长46%，成为拉动网易收入的重要力 量。另一款8月末推出的科幻射击新游《天命：群星》表现尤为亮眼，9月收入环比大幅 ...

来源：环球网 此外，腾讯旗下《王者荣耀》等四款手游凭借稳定的用户基础与持续的内容运营，在9月中国App Store 手游收入榜单中表现突出，成功包揽榜单前四名，进一步彰显了中国头部手游产品在国内市场的强大号 召力。 整体来看，9月中国手游厂商在全球市场的收入占比与榜单入围数量均保持较高水平，头部企业通过产 品更新、玩法创新与海外市场拓展，不断提升核心竞争力，为中国手游产业的持续健康发展注入强劲动 力。（纯钧） 从具体企业表现来看，网易凭借多款手游的强势发力，稳固占据本期全球发行商收入榜第3名。其中，8 月末上线的《梦幻西游手游轻享服》通过创新优化玩法门槛、强化社交回流机制与科学调整消费节奏， 有效激活老玩家回归热情与新玩家付费潜力，9月收入较8月环比增长46%，成为拉动网易收入的重要力 量。另一款8月末推出的科幻射击新游《天命：群星》表现尤为亮眼，9月收入环比大幅增长3倍，不仅 斩获本月美国手游收入增长榜冠军，还成功跻身中国出海手游收入增长榜第2名，成为网易本季度最具 市场爆发力的新作之一。 米哈游则借助旗下核心产品的版本更新实现业绩跃升。9月，米哈游《原神》《崩坏：星穹铁道》等作 品先后推出重磅更新内容，带 ...

Sensor Tower商店情报平台显示，2025年9月共32个中国厂商入围全球手游发行商收入榜TOP100，合计 吸金19.5亿美元，占本期全球TOP100手游发行商收入36.1%。 中国手游发行商收入TOP 30 腾讯(00700)战术射击手游《三角洲行动》于9月17日推出全新赛季"烈火冲天"，强势点燃玩家热情。游 戏当日即登顶中国iOS手游畅销榜，并连续多日稳居榜首。得益于赛季热度带动，《三角洲行动》9月 收入环比大涨76%，加之《王者荣耀》与《和平精英》等头部游戏的出色表现，腾讯稳居中国手游发行 商收入榜之首。 受多款手游强势表现带动，网易(09999)稳居本期发行商收入榜第3名。8月末上线的《梦幻西游手游轻 享服》通过降低玩法门槛、强化社交回流与优化消费节奏，成功激发老玩家回归热情与新玩家付费意 愿，游戏9月收入环比增长46%。同样于8月末推出的科幻射击新游《天命：群星》表现亮眼，9月收入 环比飙升3倍，不仅夺得本月美国手游收入增长榜冠军，还跻身中国出海手游收入增长榜第2名，成为网 易本季度最具爆发力的新作之一。 9月全球合成手游持续发力，柠檬微趣凭多款精品稳固全球市场表现，整体收入环比提升10%， ...

Core Points - The collaboration between Domino's Pizza and the popular mobile game "Dungeon & Fighter: Origin" features a special "Volcano Raid" meal package, combining culinary creativity with gaming elements [1][3][5] - The promotional period for this collaboration runs from September 25, 2025, to December 24, 2025, with limited-time offers available at designated stores [1][10] - The meal package includes a choice of cheese or cocoa "volcano" pizza, with a maximum discount of 42 yuan, and comes with exclusive in-game items and merchandise [1][5][10] Company Overview - Domino's Pizza, established in 1960, operates over 21,000 restaurants in more than 90 countries as of Q2 2025, with over 1,200 stores in mainland China [9] - The company emphasizes quality ingredients, including imported cheese and a variety of meats and vegetables, ensuring a high standard of pizza production [9] - Domino's Pizza offers a delivery guarantee of 30 minutes, enhancing customer service and satisfaction [9][10] Industry Context - "Dungeon & Fighter" is a well-known RPG fighting game that has maintained popularity for over a decade, with its mobile version "Dungeon & Fighter: Origin" being well-received in China [3][5] - The collaboration represents a growing trend of cross-industry partnerships, merging food and gaming to enhance customer engagement and brand loyalty [1][3]

财报显示，2025年上半年，中手游实现收益7.63亿元人民币，同比减少38.13%；归属于母公司拥有人亏 损6.39亿元，同比增加170.32%。 智通财经APP获悉，香港联交所最新资料显示，9月22日，中手游(00302)股东将股票由富途证券国际香 港转入摩根士丹利香港证券，转仓市值1.12亿港元，占比7.98%。 ...

Global Mobile Game Market Overview - In August 2025, global player spending on mobile games reached approximately $7.15 billion, reflecting a month-over-month increase of 1% [1][4] - The United States led the market with $2.3 billion, accounting for 32% of total spending, followed by China's iOS market at 15.3% and Japan at 12.8% [1][4] Top Revenue-Generating Games - FUNFLY's "Last War: Survival Game" maintained its position as the top-grossing mobile game globally, driven by seasonal events and promotional activities [3] - "Honor of Kings" rose to the second position, benefiting from high-profile collaborations and the release of premium skins, including a partnership with a popular Chinese fantasy novel [3][5] - "Pokémon GO" topped the revenue growth chart, with significant income boosts from major events like the "GO Fest 2025" and collaborations with the "Pokémon World Championships" [4] Tencent's Performance - Tencent had four titles in the revenue growth rankings for August, including "Honor of Kings" and "Peacekeeper Elite," both of which saw revenue increases due to major updates and collaborations [5] - "League of Legends: Wild Rift" also experienced revenue growth from significant updates, maintaining user engagement and spending [5] Mobile Game Download Trends - "ROBLOX" continued to lead the global download chart in August, supported by various content updates and collaborations [6][8] - "Free Fire" climbed to the second position in downloads, aided by a collaboration with the popular anime "Naruto Shippuden" [8] - The total global mobile game downloads remained stable at approximately 4.31 billion, with India leading at 7.02 million downloads [9] Emerging Games and Market Dynamics - New titles like "Steal n Catch the Brainrot" and "Kpop Piano Beats" rapidly gained popularity, reflecting the strong cultural appeal and viral potential in the mobile gaming space [9][10] - "Valorant: Source Action" launched exclusively in China, achieving significant download growth, indicating a strong demand for innovative FPS mobile experiences [10]

Core Insights - The report highlights the focus on the Federal Reserve's interest rate decision this week, with expectations of a potential rate cut [2][7] - The Hong Kong stock market showed a strong performance last week, with the Hang Seng Index rising by 1.16% and significant net inflows from southbound funds [2][4] Company Overview - The specific company under review is Jinfang Pharmaceutical-B (2595.HK), established in 2017, focusing on developing new treatment solutions for tumors and autoimmune diseases [9] - The company has a product pipeline with eight candidate products, five of which are in clinical development [9] Financial Performance - Projected revenues for Jinfang Pharmaceutical are 70 million RMB in 2023, 100 million RMB in 2024, and 80 million RMB by April 30, 2025, with net losses of 510 million RMB, 680 million RMB, and 70 million RMB respectively [9] Industry Status and Outlook - The global oncology drug market is expected to grow significantly, from $143.5 billion in 2019 to $253.3 billion by 2024, with a CAGR of 12.0%, and further to $596.7 billion by 2033 [10] - The Greater China oncology drug market is also expanding, projected to grow from $26.4 billion in 2019 to $35.9 billion by 2024, with a CAGR of 6.3% [10] Advantages and Opportunities - Jinfang Pharmaceutical's first approved KRAS G12C selective inhibitor presents a strong market potential due to its safety and efficacy [11] - The company is diversifying its pipeline with innovative RAS-targeted candidates and has a robust R&D platform [11] IPO Information - The IPO period for Jinfang Pharmaceutical is from September 11 to September 16, 2025, with trading commencing on September 19 [13] - The cornerstone investors have committed a total of $100 million, indicating strong backing for the IPO [14] Fundraising and Use of Proceeds - Approximately 71% of the raised funds will be allocated to the development of core products GFH925 and GFH375, while 19% will support other candidates, and 10% will be used for operational expenses [15] Investment Recommendation - Jinfang Pharmaceutical's core product GFH925 is the first of its kind in China and the third globally, with a market capitalization estimated at around 7 billion HKD at the IPO price of 20.39 HKD [17]

Core Viewpoint - The upcoming season of the mobile game "Naruto" features a new S-rank ninja, "Five Kage Summit Obito," and an A-rank ninja, "Mechanical Naruto," with pre-sales already underway for players [1]. Pricing and Purchase Options - The pre-sale offers two purchasing methods: direct purchase and point coupon purchase, with an additional discount option using a "refill coupon" [3]. - The direct purchase price is reduced by 25 from the base price of 171, while the point coupon price is 1980 minus 250, resulting in a final cost of 1730 points [3][4]. - Players who have previously activated the 25 or 198 tier will receive a refill coupon, allowing them to take advantage of the new discount option [3][5]. Player Strategy and Recommendations - For players who have a refill coupon and wish to activate the 25 tier for free, the pre-sale may be ignored if they do not intend to purchase the 198 tier [5]. - The direct purchase option does not activate monthly cards or discounts, making it less appealing for regular monthly card players [6]. - Players are encouraged to wait for the end-of-month recharge promotions to maximize their point usage and activate monthly benefits [6]. Changes in Purchase Structure - The revised structure of the ninja law scrolls has diminished the advantages of the previous 25 + 1980 points format, with the 198 tier now offering better value [8]. - The new system allows players to receive a level 60 ninja immediately upon purchase, eliminating the need for the previous method that provided a level 50 ninja after a longer wait [8][10]. Future Expectations - Anticipation is building for skill reveals of the new ninjas, with expectations that "Mechanical Naruto" will offer engaging gameplay, while "Five Kage Summit Obito" may have a more predictable skill set [10].

Market Overview - The three major indices closed up over 1.1%, with the Hang Seng Index rising 1.16% to above 26,000 points, the Hang Seng China Enterprises Index up 1.13%, and the Hang Seng Tech Index up 1.71% [1][2] - Market sentiment is bullish, with significant gains in large tech stocks, particularly Baidu, which surged 8% [2][5] Sector Performance - Large tech stocks collectively rose, with notable increases from Baidu (+8%), Alibaba (+5.44%), and Tencent (+2.22%) [5][6] - Education stocks saw substantial gains, led by Yuhua Education, which soared over 43%, following the announcement of government subsidies for childcare and free preschool education [6][7] - Real estate and property management stocks also experienced upward momentum, with Evergrande Property rising over 20% [7][8] Investment Insights - The market liquidity remains ample, and valuation levels are considered reasonable, providing a window for allocation in tech and pharmaceutical sectors due to significant long-term recovery potential [5] - UBS anticipates strong demand for gold, projecting central bank purchases to remain robust at around 900 to 950 tons this year, slightly below last year's record [8][10] Capital Flows - Southbound funds recorded a net inflow of 7.331 billion HKD, indicating strong interest from investors [13][15] - Morgan Stanley noted that U.S. investors' interest in the Chinese market has reached its highest level since 2021, suggesting a favorable outlook for Hong Kong stocks compared to A-shares [15]

Group 1 - Hong Kong mobile game stocks collectively rose, with Blueport Interactive, Flying Fish Technology, and Bilibili all increasing over 4%, while Tencent and NetEase rose over 2% [1] - NetEase reached a historical high, and other companies like IGG, NetDragon, Boyaa Interactive, and Xindong also saw gains [1] - Sensor Tower released a ranking of Chinese mobile game products' revenue and download volumes in overseas markets for August 2025, highlighting significant growth in the sector [1] Group 2 - DotDot Interactive's game "Kingshot" saw a revenue increase of 26% in August, topping the overseas mobile game revenue growth chart [1] - NetEase launched its first sci-fi shooting mobile game "Destiny: Rising" on August 28, which quickly gained popularity globally, dominating the U.S. iOS download chart [1] - Tencent's "PUBG MOBILE" maintained its position as the runner-up in the overseas mobile game download rankings [1]