6 June 2025 | 1:41PM HKT Key highlights: Kling 2.1 offer more price affordability: Kuaishou recently launched its Kling 2.1 version with a much lower price vs. 2.0 master, at per video cost of US$0.27-0.47 or 60-80% lower vs. 2.0 version. This will put Kling's product at more competitive position, we note global leading peers such as Google's VEO 3 is now offering the service at a bundle plan ($250/month) with limited number of video generation per day. Further Kling monetization upside on expanding use cas ...

Group 1 - In May 2025, 33 Chinese companies made it to the global mobile game publisher revenue TOP 100, collectively earning $2.02 billion, which accounts for 36.6% of the total revenue of the TOP 100 publishers [1] - Point Interactive's flagship product "Whiteout Survival" showed strong growth despite a high revenue base, contributing to a 13% month-over-month revenue increase for the company, securing the second position in the global revenue ranking for Chinese mobile game publishers [2] - Lemon Micro's multiple synthesis games, including "Gossip Harbor," achieved a 10% month-over-month revenue growth, setting a new historical high and reinforcing its leading position in the synthesis game segment [2] Group 2 - Florere Game's two survival strategy games, "Dark War Survival" and "Last Z: Survival Shooter," saw revenue growth of 4% and 33% respectively, leading to a 12% increase in overall revenue and advancing to the 8th position in the revenue ranking [4] - Lilith Games' "AFK Journey," in collaboration with the popular IP "Fairy Tail," experienced a 55% revenue surge, contributing to a 12% month-over-month revenue increase and moving up to the 10th position in the ranking [4] - Joy Net Games' RPG "갓깨비 키우기" (Korean version of "Idle Journey: Illustrated World") saw a remarkable 208% revenue increase, propelling the company to the 20th position in the global revenue ranking [6] Group 3 - Tencent's "Peacekeeper Elite" experienced a 21% revenue increase due to the SS33 season update and collaboration with DC, maintaining its second position in the Chinese App Store mobile game revenue ranking [8] - The mobile game "Arknights" saw a 250% revenue surge following the launch of a new side event, successfully returning to the revenue ranking at the 13th position [8]

Core Viewpoint - Ubisoft Entertainment S.A. has announced the launch of a new employee shareholding operation aimed at strengthening employee ownership and aligning employees more closely with the company's development and future performance [2][4]. Group 1: Offer Details - The Offer includes reserved share capital increases for employees participating in group savings plans and those outside of these plans, with the Board of Directors delegating implementation powers to the CEO [5]. - The Offer is available to employees in eighteen jurisdictions, including France, the United States, and several European and Asian countries, provided they have at least three months of seniority [6]. - The maximum number of shares to be issued under the Offer is set at 2,000,000, representing approximately 1.53% of the company's share capital as of February 28, 2025 [10][11]. Group 2: Financial Terms - The subscription price for shares will be based on the average of the twenty daily volume-weighted average prices (VWAP) prior to the Board's decision, with a 15% discount applied [10]. - Shares subscribed will be subject to a five-year lock-up period, with the expected completion date of the Offer on September 24, 2025 [9][12]. - The Offer includes two formulas for subscription: a leverage formula through a mutual fund and a direct subscription option with stock appreciation rights [8]. Group 3: Timetable and Conditions - The provisional timetable includes a reservation period from June 19 to July 7, 2025, and a subscription/revocation period from August 14 to August 26, 2025 [12]. - The Offer may be postponed or canceled at the discretion of the Board or CEO if deemed necessary [13]. - Shares offered are ordinary shares listed on Euronext Paris, eligible for the Deferred Settlement Service [14].

For about 15 years, big-budget Nintendo games cost $60. In fact, that was the standard game price across the industry. Meanwhile, Nintendo's consoles are generally cheaper than most competing gaming systems, such as the Xbox and the PlayStation. Its consoles have never cost more than $300 — until now.At $450, the Switch 2 is Nintendo's priciest console. Mario Kart World is priced at $80 — the most expensive first-party title Nintendo has ever released. Some fans are outraged by the price increase. But some ...

The Zacks Toys - Games – Hobbies industry benefits from the robust demand for smart toys, STEM (science, technology, engineering and math) toys, sports toys, and fashion dolls and accessories. Industry participants have been undertaking efforts on the digital front and focusing on better execution of marketing and promotional initiatives to drive growth. Stocks like Hasbro, Inc. (HAS) , Mattel, Inc. (MAT) and JAKKS Pacific, Inc. (JAKK) are likely to gain from these trends. Industry Description The Zacks Toy ...

Core Insights - Snail, Inc. is hosting its annual Publisher Sale on Steam, which is a significant revenue-driving event for the company, featuring deep discounts and anticipated titles [1][2] - The sale is expected to drive daily unit sales to 1.6 times the average of non-promotional periods from the previous year, with the company aiming to exceed this figure [2] - The event serves as both a short-term revenue growth opportunity and a long-term player engagement strategy through the promotion of back catalog titles and new releases [2][11] Discounts and Promotions - The game Bellwright is seeing its highest discount of 20% since its early access launch during the Publisher Sale [3] - The ARK Franchise Bundle, which includes titles like ARK: Survival Evolved, is offered at a 20% discount, while PixARK is available at 57% off [4] - Other titles such as West Hunt and The Cecil: A Journey Beyond are also featured with significant discounts of 50% and 15% respectively [5] Upcoming Titles and Engagement Strategies - Upcoming titles like Robots at Midnight and Echoes of Elysium are highlighted for pre-order and wishlist growth, with demos available to build early audience momentum [7] - Zombie Rollerz: The Last Ship is participating in Steam Next Fest with a live demo to enhance visibility ahead of its release [8] - Survivor Mercs is offered at 38% off with a playable demo to encourage early access growth and feedback-driven development [6] Company Overview - Snail, Inc. is a leading global independent developer and publisher of interactive digital entertainment, with a diverse portfolio of premium games across various platforms [9]

6月8日，小米创办人，董事长兼CEO雷军发微博晒与GT赛车制作人山内一典合影， 雷军介绍："这位就是GT 赛车制作人山内一典先生。山内先生不仅是游戏玩家的偶像，也是众多汽车爱好者的偶像。小米内部有不少山 内先生的粉丝。 " 在2025年Gran Turismo世界系列赛现场上，小米与《GT赛车》游戏开发商Polyphony Digital共同宣布达成合 作， SU7 Ultra成为该系列28年来首款收录的中国品牌车型。此次合作源于SU7 Ultra在纽博格林北环赛道创纪录的成 绩（6分46秒874），制作人山内一典试驾后评价其"极致、力量、稳定"，并认为其代表了中国汽车的技术实力 和文化输出。游戏内还将推出概念车Xiaomi VISION GRAN TURISMO，未来或通过米家设备实现虚拟与现实 联动。 小米CEO雷军在随后发言中透露，GT赛车作为全球公认的"最真实的模拟驾驶平台"，吸引了无数汽车爱好者的 青睐。游戏中收录的每一款车型，都是全球汽车史上的经典之作，而小米SU7 Ultra的加入，无疑将为这一传奇 阵容增添一抹中国色彩。 据悉，《GT赛车》系列是由日本Polyphony Digital工作室开 ...

证券研究报告 | 公司点评 | 游戏Ⅱ 低估值经典 IP 游戏发行龙头，新产品线开启 ——中旭未来点评报告 投资要点 与世纪华通合作并投资，2025 年利润有望高增 2023 年 6 月，公司全资子公司江西贪玩以 5.86 亿元拍得世纪华通股份 8000 万 股，占世纪华通总股本的 1.1%，与世纪华通紧密合作（之前世纪华通亦是公司 IPO 前投资者）。目前公司与世纪华通成立有合资公司，共同负责部分《传奇》 IP 游戏的发行。 我们看到，世纪华通旗下《Whiteout Survival》与《Kingshot》近年来运营数据保 持强势：《Whiteout Survival》在 2025 年 2 月 Sensor Tower 公布的中国手游出海 收入榜中连续 9 个月稳居第 1，全球下载量过亿，刷新了该品类游戏的流水新 高；《Kingshot》2025 年 2 月下旬上线以来，收入增长态势强劲。在 2025 年 4 月 的全球手游收入榜单中，收入增长 209%，成功进入收入增长榜前五。《Whiteout Survival》与《Kingshot》分别上线约两年、4 个月，作为 SLG 游戏，远未达到生 命周期顶峰， ...

Industry Developments - Chengdu government has introduced new policies to encourage the development of gaming and esports companies, indicating increasing local government support for the ACG industry [2][3] - The Chengdu government announced 15 policy measures aimed at enhancing game content creation, strengthening esports competitiveness, promoting industry integration, and improving development factors to elevate the gaming and esports industry [3] Company News - Yuewen Group announced a plan to acquire a 26.67% stake in Wuhan Yihua Kaitian Cultural Communication Co., Ltd. for 325 million yuan, increasing its ownership from 5.17% to approximately 31.48% [4] - After the acquisition, Tencent, the controlling shareholder of Yuewen, will hold a total of 61.82% of Yihua Kaitian, becoming the largest shareholder [4] - Xishanju's sci-fi mech battle game "Jiexianji" is set for global public testing on July 2, 2025, and will be available on PC, Steam, and Xbox Series X|S [5] - The highly anticipated domestic single-player game "Mingmo: Yuanshu Zhi Yu" has released a new trailer and is scheduled for official release on July 24 [6] Regulatory Updates - Following a U.S. ruling against Apple, the European Commission has mandated that Apple must open third-party payment options within 30 days in the EU market, with a potential fine of 500 million euros (approximately 4.096 billion yuan) for non-compliance [7] International Developments - Riot Games has announced its entry into the physical card game market with "Runeterra," based on the League of Legends IP, set to launch this year [8] - South Korean developer Shift Up has unveiled its flagship new game "Project Spirit," themed around "Eastern Fantasy," which is a cross-platform subculture project [9] - Niantic, the developer of "Pokémon GO," has confirmed the sale of its gaming business to Scopely for $3.5 billion, which includes titles like "Pokémon GO" and "Monster Hunter Now" [10]

伦敦时间6月7日，在Gran Turismo世界系列赛2025揭幕战现场，日本知名电子游戏开发公司Polyphony Digital正式宣布，已与小米达成合作，旗下赛车游戏《Gran Turismo 7 / 跑车浪漫旅7》将收录小米汽车 开发的高性能智能电动汽车 Xiaomi SU7 Ultra 。据悉，SU7 Ultra 将在《Gran Turismo 7》中登场，成为 该系列历史上首款中国车。（Auto有范儿） ...