1月9日，汤姆猫涨5.26%，截至发稿，报5.40元/股，成交24.07亿元，换手率13.98%，总市值189.85亿 元。 资料显示，浙江金科汤姆猫文化产业股份有限公司位于浙江省杭州市萧山区钱江世纪城平澜路299号浙 江商会大厦36层，成立日期2007年6月12日，上市日期2015年5月15日，公司主营业务涉及移动互联网文 化产业。主营业务收入构成为：广告业务72.41%，新商业服务业务11.19%，移动应用发行收入 10.70%，其他2.64%，授权业务2.34%，其他(补充)0.72%。 从汤姆猫十大流通股东角度 数据显示，南方基金旗下1只基金位居汤姆猫十大流通股东。南方中证1000ETF（512100）三季度减持 31.23万股，持有股数3216.02万股，占流通股的比例为0.98%。根据测算，今日浮盈赚取约868.33万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益4.96%，同类 排名1463/5509；近一年收益42.74%，同类排名1657/4198；成立以来收益20.03%。 南方中证1000ETF（512100）基金经理为崔蕾。 ...

盈立证券发布研报称，万咖壹联是中国领先的移动互联网AI营销科技公司，是游戏分发与移动广告领 域的"隐形冠军"及生态核心服务商。该行指出，公司全球化战略成效显著，2025年上半年海外收入同比 激增439.1%，达4190万元，预计下半年增长幅度会更大。公司计划未来3-4年内将海外收入占比提升至 30%左右，成为公司核心增长引擎。此外，公司将AI手机视为未来5-10年的机遇，正在进行前瞻性技术 储备。 智通财经APP获悉，万咖壹联(01762)尾盘涨超13%，截至发稿，涨12%，报0.84港元，成交额2415.81万 港元。 消息面上，近日，万咖壹联旗下智能营销平台玩咖欢聚正式通过Apple官方审核，成为大中华区为数不 多获得AppleAds官方合作伙伴认证的技术型服务商。此次认证直接加固了万咖壹联的生态壁垒，让其 成为全球市场中唯一同时获得苹果官方认可、且深度绑定华为HarmonyOS及四大Android厂商的技术中 台，这使万咖壹联在移动生态中展现出了强大的统治力。 ...

资料显示，浙江金科汤姆猫文化产业股份有限公司位于浙江省杭州市萧山区钱江世纪城平澜路299号浙 江商会大厦36层，成立日期2007年6月12日，上市日期2015年5月15日，公司主营业务涉及移动互联网文 化产业。主营业务收入构成为：广告业务72.41%，新商业服务业务11.19%，移动应用发行收入 10.70%，其他2.64%，授权业务2.34%，其他(补充)0.72%。 从汤姆猫十大流通股东角度 数据显示，南方基金旗下1只基金位居汤姆猫十大流通股东。南方中证1000ETF（512100）三季度减持 31.23万股，持有股数3216.02万股，占流通股的比例为0.98%。根据测算，今日浮亏损失约868.33万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益2.1%，同类排 名2698/5488；近一年收益39.74%，同类排名1718/4193；成立以来收益16.77%。 1月6日，汤姆猫跌5.06%，截至发稿，报5.07元/股，成交18.45亿元，换手率10.85%，总市值178.25亿 元。 截至发稿，崔蕾累计任职时间7年62天，现任基金资产总规模 ...

近日，在访谈中，Manus联合创始人兼首席科学家季逸超表示，以前移动互联网时代，边际成本很 低。"你可以去比如说赌一把，搞一个大的，看用户是否你能找到一群跟你共振的人，再逐渐去做大。 近日，在访谈中，Manus联合创始人兼首席科学家季逸超表示，以前移动互联网时代，边际成本很 低。"你可以去比如说赌一把，搞一个大的，看用户是否你能找到一群跟你共振的人，再逐渐去做大。 但他认为，现在AI行业更像传统的制造业，它一直有一个固定的成本在那。"你如果没有任何的优化的 话，随着用户量的增加，成本是线性提升的。所以这对经营操作能力的要求，比上一代移动互联网创业 要高很多的。" 新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目 的，并不意味着赞同其观点或证实其描述。 责任编辑：李昂 但他认为，现在AI行业更像传统的制造业，它一直有一个固定的成本在那。"你如果没有任何的优化的 话，随着用户量的增加，成本是线性提升的。所以这对经营操作能力的要求，比上一代移动互联网创业 要高很多的。" 新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目 的，并不意味 ...

近日，Manus联合创始人兼首席科学家季逸超在访谈中表示，AI创业已与移动互联网时代有本质不同， 其对创始人精细化经营能力的要求要高得多。 季逸超据此认为，AI创业对持续运营和成本控制的操作能力要求，远高于上一代互联网创业。 季逸超分析称，移动互联网时代创业的边际成本很低，但AI行业则完全不同，其成本结构"更像传统的 制造业"，存在固定成本。若优化不足，随着用户量的增加，其成本将会"线性级提升"。 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：云观经济 文：董忠云 刘庆东 王警仪 李博伦 庞晨 杨子萌 摘要 本周海外迎来圣诞假期，美股"圣诞行情"或已开启，虽然全球市场交投清淡但市场情绪较为良好。A股 方面，本轮经济转型牛为慢牛，春季躁动相比与以往，中枢抬升或更加稳健，且持续时间更长。一方 面， 12月中旬全球市场对于AI泡沫和日央行加息的双重担忧下，A股震荡区间的下沿已被进一步夯 实，同时海外双重担忧已逐渐被市场消化，因此本轮春季躁动行情起点或已基本明确，此后如有调整则 应更积极处理。另一方面，当前国内基本面稳增长的效果仍需进一步确认，本轮慢牛行情下，春季躁动 或为震荡抬升，因此不宜过于激进，后续等待新的催化出现后，A股中枢有望再创新高，并开启新一轮 行情。 回顾历史上A股两轮较大的科技景气度投资行情——移动互联网行情和新能源车行情。具体复盘发现， 这两轮景气度投资行情均可分为三个阶段。首先，资本开支底部回升确认产业趋势，估值上升；进一 步，业绩得到验证，为行情接力；最后，业绩增速见顶后，行情进入尾声。 自2022年11月ChatGPT发布以来，近两年AI产业链多个环节 ...

Investment Rating - The report does not explicitly provide an investment rating for the mobile internet industry in China. Core Insights - The mobile internet traffic in China has shown steady growth, with the number of monthly active devices reaching 1.452 billion by the end of Q3 2025. User engagement metrics indicate a shift from "high-frequency shallow use" to "low-frequency deep use," with daily effective usage time per device increasing from 272.4 minutes to 282.9 minutes, while the number of daily usage instances decreased from 65.1 to 59.8 [10][14]. Summary by Sections 01 Overview - The mobile internet traffic in China has experienced slight growth, with a monthly active device count of 1.452 billion as of Q3 2025. User stickiness remains stable, with daily effective usage time per device increasing to 282.9 minutes, while the frequency of usage has decreased [10][14]. 02 Segmentation - The report highlights that the user demographics are stable, with unmarried users making up 32.7% of the mobile internet population, reflecting the influence of the single economy on traffic growth. Users aged 35 and below account for 49.1%, and there is a notable increase in users from second-tier cities and above [17][18]. - Short video content continues to dominate user attention, with significant growth in daily usage time for travel and communication services, indicating a strong demand for immersive and personalized digital experiences [20][21]. - The top sectors in the mobile internet include communication and chat services, e-commerce, and aggregated information, with communication services achieving a penetration rate of 89.0%. The artificial intelligence sector has shown remarkable growth at 59.3% year-on-year [26][28]. - User engagement in high-frequency applications such as communication and short video services has increased, while sectors like social networking and aggregated information have seen declines, indicating a shift in user preferences towards high-quality content and innovative services [31][32]. 03 Value Rankings - The report does not provide a specific value ranking for the mobile internet industry in China.

在2025年的十一月，移动互联网已不再是简单的技术革新，而是全球商业生态的核心引擎。想象一下， 一个庞大的数字海洋中，无数应用品牌如巨轮般航行，争夺着用户的注意力和市场份额。这些品牌，从 社交媒体到电子商务，从娱乐到生产力工具，它们的竞争不再仅仅依赖广告轰炸或价格优势，而是深植 于核心技术的土壤中。本文将聚焦于"2025年11月移动互联网应用品牌竞争力排行"，通过对核心技术的 深入解析，揭示品牌如何在数据洪流中脱颖而出，构建可持续的竞争力。移动互联网的规模令人惊叹， 截至2025年，全球移动应用用户已超过50亿，而品牌间的差距在技术驱动下被不断拉大。本文将从核心 技术的角度，剖析这一竞争格局，带领读者进入一个充满创新与挑战的数字世界。 核心技术：品牌竞争力的基石 移动互联网应用的品牌竞争力，很大程度上取决于其背后的核心技术。2025年，技术的迭代速度比以往 更快，品牌若不能跟上这一浪潮，便可能在竞争中被淘汰。核心技术包括人工智能、大数据分析、云计 算、5G网络和边缘计算等。这些技术不仅仅是工具，更是品牌构建差异化的关键。 以人工智能（AI）为例，它已成为移动应用的"大脑"。在2025年，AI技术在个性化推荐、 ...

Core Insights - The "post-00s" demographic in mobile internet has reached 179 million monthly active users, accounting for 14% of the total online user base, with a year-on-year growth of 10.1% [1][7] User Engagement and Behavior - The average monthly usage time for "post-00s" users is 217.6 hours, and the average number of uses is 3296.7 times, both significantly higher than the overall user average by 18.7% and 24.0% respectively [9][12] - "Post-00s" users show a strong preference for mobile video, social interaction, and gaming, with mobile video usage time accounting for 37.1% of their total usage, reflecting a 1.3 percentage point increase year-on-year [14][18] Application Preferences - In the AIGC sector, the monthly active user numbers for Doubao, DeepSeek, and Tencent Yuanbao are 42.72 million, 26.97 million, and 6.785 million respectively, indicating a strong engagement with these platforms [23][24] - The gaming preferences of "post-00s" users are concentrated in MOBA, strategy, and shooting games, with popular titles like "Honor of Kings" and "Happy Elimination" leading in user numbers [27][26] Consumption Patterns - "Post-00s" exhibit stable online consumption willingness and capability, with over 90% showing medium to high consumption intent, and nearly 80% of users having a spending capacity between 1000-2999 yuan [20][22] - The e-commerce landscape is dominated by major platforms like Taobao, JD, and Pinduoduo, each with over 100 million monthly active users from the "post-00s" demographic, reflecting a double-digit growth trend [33] Urbanization and Demographics - High urbanization rates among "post-00s" are evident, with significant concentrations in first-tier and new first-tier cities, driven by advantages in education, employment, and digital infrastructure [16] Social and Emotional Consumption - "Post-00s" display a dual-track emotional consumption pattern, seeking both personal fulfillment and social capital accumulation, which shapes their overall value satisfaction [39][41] - The interest in live events and high-interaction entertainment activities is notable, with a significant proportion of "post-00s" engaging in esports and offline performances [44]

Core Insights - The collaboration between Fenbeitong and Aurora Mobile aims to enhance user experience and information delivery efficiency through the integration of JPush, a professional messaging solution [1][3]. Group 1: Company Overview - Fenbeitong is a leading enterprise expense management platform focused on providing intelligent and transparent expense control experiences for corporate users [1]. - Aurora Mobile, listed on NASDAQ under the ticker JG, is a leading customer interaction and marketing technology service provider in China [1]. Group 2: Technology Integration - JPush is fully compatible with multiple platforms including Android, iOS, HarmonyOS, QuickApp, and Web, ensuring consistent and timely notifications across various devices [2]. - The architecture of JPush supports a daily access volume of over 10 billion, ensuring high concurrency for Fenbeitong's enterprise users [2]. - JPush offers flexible user tagging and alias management, allowing Fenbeitong to implement personalized messaging based on user roles and behaviors, thereby increasing relevance and click-through rates [2]. Group 3: User Experience Enhancement - The integration of JPush has optimized user interaction experiences, increased user activity and retention rates, and improved the efficiency of information dissemination in operational activities [3]. - This partnership represents a significant step for Fenbeitong in enhancing user experience and deepening service capabilities within the enterprise service sector [3]. Group 4: Future Prospects - Aurora Mobile is expected to continue as a trusted technology partner for Fenbeitong, exploring opportunities in user growth, refined operations, and innovative interaction scenarios [3].