Core Viewpoint - The collaboration between Dolby Laboratories and Douyin aims to enhance the video creation and sharing experience for users by integrating Dolby Vision technology, which is recognized for its superior visual quality [3][5]. Group 1: Partnership Details - Dolby Laboratories has partnered with Douyin to bring Dolby Vision, a highly regarded visual technology, to a broader audience of creators and viewers [3]. - This partnership signifies a milestone in making cutting-edge technology more accessible, allowing creators to utilize Dolby Vision easily [3][6]. Group 2: User Experience Enhancements - iPhone users can now share and view Dolby Vision videos through the Douyin app, utilizing built-in editing tools or third-party software like Jianying [5]. - Support for additional device types will be rolled out gradually, enhancing the overall user experience [5]. Group 3: Technological Advancements - Dolby Vision surpasses traditional HDR by using dynamic metadata to optimize color, brightness, and contrast for each frame, providing an immersive viewing experience [5]. - The technology allows creators to vividly present details, from subtle facial expressions to vibrant natural landscapes, across various content types [5]. Group 4: Vision for the Future - Through this collaboration, Dolby continues to pursue its vision of transforming global entertainment experiences, empowering a new generation of creators to connect and inspire through richer visual storytelling [6].

抖音相关负责人表示："抖音始终致力于提升视频体验，支持用户表达自我，记录美好生活。杜比 视界被广泛认为是当前画质的行业标杆之一，已被世界一流的内容创作者广泛采用。通过将杜比视界引 入抖音，我们将为用户提供覆盖创作、分享和观看的端到端的卓越视频体验。目前抖音已逐步实现对杜 比视界的支持，iOS 用户可观看更好视觉效果的视频、发布杜比视界内容，Android端也将很快上新。" 杜比视界超越了传统HDR，通过动态元数据，对每一帧画面的色彩、亮度与对比度进行精准优 化，呈现出以往无法看到的细节。从而，在任何支持杜比的屏幕上，都能带来栩栩如生的沉浸式体验 ——无论是微妙的面部表情，还是绚丽的自然风光，所有细节都能鲜活呈现。从记录日常到艺术表达， 从探索旅行到品味美食，从美妆教程到时尚解读，杜比视界让各类内容的创作者，都可以通过震撼的真 实感和丰富细节，栩栩如生地展现自己的世界。作为全球领先的影视工作室、设备制造商和内容平台所 青睐的影像科技，杜比视界确保创作者能够精准、生动且富有感染力地通过任何设备与格式讲述自己的 故事。 通过与抖音的合作，杜比正持续践行其为全球娱乐体验带来变革的愿景。双方携手，正共同赋能新 一代创作 ...

今天微博上有个 的热搜…… "房贷才 30 年，谁脑子秀逗了，会员充 25 年？" 12 月 25 日，河南许昌的黄先生在家闲得追剧，点开爱奇艺却发现还在弹广告。 本来以为是会员过期了，一查有效期直接懵了：会员居然要到 2043 年 9 月才到期，从 2017 年算起足足 25 年。 黄先生吐槽："房贷才 30 年，我一个会员就充了 25 年，等到期都 50 多岁了，这也太离谱了！" 更让黄先生闹心的是退费问题。他觉得 25 年会员完全用不上，还发现就算有会员，部分内容仍要额外付费， 于是联系客服申请退未消费的部分。 客服说 2018 年的 14 笔订单能原路退回，但黄先生当年充值用的支付宝账号早就停用了，还被别人注册了。 "原路退就是把钱给陌生人，这我能同意吗？" 可客服表示只有这一种方案，让他觉得是在推诿扯皮，事情就卡 在这了。 爱奇艺平台回应：核实后灵活退费 事件发酵后，12 月 28 日爱奇艺官方回应了。 平台表示已经启动退款流程，考虑到原账户停用的情况，会核实收款账户和充值账户是同一人后，按实际情况 安排退费，会和黄先生保持沟通。 网友们纷纷调侃 "奇艺没有爱，会员传三代"、"该给颁发终生成就奖了" ...

Group 1 - Some prominent Chinese concept stocks in the US market experienced a decline in pre-market trading on December 2nd [1] - Xiaopeng Motors saw a pre-market drop of 4% [1] - Alibaba and Bilibili also faced declines, with drops of 1.4% and 1.3% respectively [1]

Core Insights - The mini-game "Living in Longing" has recently shown strong market performance, entering the top 10 of WeChat mini-games popularity list and steadily climbing the sales rankings [1][4] - The game is based on the popular variety show of the same name, which has accumulated over 1.5 billion views in its latest season [2] Market & Product Observation - "Living in Longing" debuted at 8th place on the WeChat mini-game popularity list on October 23 and reached 43rd place on the sales list by October 29, indicating a rapid improvement in rankings [4] - Despite its decent market performance, the game is not particularly outstanding in terms of revenue generation, reflecting the saturation in the mini-game simulation sector [6] - The game emphasizes IP content restoration, featuring a "dual gameplay" core element and recreating various scenes and elements from the variety show, such as the "Mushroom House" [6][7] - The art style employs low-saturation warm colors to create a calming atmosphere, aligning with the show's "slow-paced" theme [6] User Demographics - The game targets a high proportion of female users, primarily aged 20-30, with a significant presence in "new first-tier" cities [7][9] Marketing & Creative Strategy - The game maintained a low volume of marketing materials from July to October, with a peak of nearly 1,000 materials on October 26, followed by a decline [10] - Creative strategies focus on "IP + immersion + lightweight" content, highlighting the unique experience of the variety show and emphasizing a relaxing gameplay experience [10][12][14] - The marketing approach is characterized as "low-key," leveraging the strong influence of the IP to attract initial users and relying on social sharing for further growth [16] Industry Trends - The emergence of mini-games based on variety show IPs like "Living in Longing" suggests a new trend where video platforms are increasingly investing in the mini-game sector to drive user engagement and retention [17][18] - Video platforms see mini-games as a cost-effective way to convert IP resources into revenue, enhancing user interaction and prolonging engagement with their content [17][18] Challenges Ahead - Despite the clear advantages, the cross-industry move into mini-games presents challenges, including potential market saturation and the risk of user attrition if the associated IP loses popularity [19] - The industry must address issues of gameplay innovation and dependency on IP popularity to ensure long-term sustainability and growth [19]

Core Insights - Tencent Video held the 2026 V-World Conference in Beijing, announcing its variety show lineup for 2026 [1] Variety Shows - The conference revealed a range of variety shows under themes such as "Joy Continues" with titles like "Now Just Depart 4," "Ha Ha Ha Ha 6," and "Earth Super Fresh 2," as well as "Talk Show and Friends 3" and "Main Coffee" [3] - Shows aimed at enhancing life quality include "Fifty Kilometers Peach Blossom Dock 5," "Crazy Dog Mountain," and "One Meal Sealed God 2," while "I Am a Drama Star" focuses on future talent development [3] - The new music variety show "Magic Song Mr." and the innovative training program "Doraemi Where Mi" were also introduced, aiming to inject fresh energy into the music variety genre [3] Documentaries - The 2026 documentary lineup includes titles such as "Thirteen Invitations 9," "My Food Guide 2," "Seeking Color China 2," and "Yang Sheng 2," which aim to provide deeper understanding and perspectives on knowledge, culture, aesthetics, and passion [5] - "Exploring New Realms 2" will make a significant return, featuring Wang Yibo on a North American rock climbing road trip [5]

Core Viewpoint - Bilibili-W (09626.HK) has seen a stock price increase of over 4%, currently trading at 213.2 HKD with a trading volume of 209 million HKD [1] Group 1 - The stock price of Bilibili-W increased by 4.2% [1] - The current trading price is 213.2 HKD [1] - The trading volume reached 2.09 billion HKD [1]

Core Viewpoint - The Nasdaq China Golden Dragon Index increased by 0.87% on October 9, indicating a positive trend in the performance of popular Chinese concept stocks [1] Company Performance - NIO saw a rise of over 4% [1] - New Oriental experienced an increase of over 3% [1] - Bilibili and Xpeng Motors both rose by over 2% [1] - iQIYI, however, declined by over 2% [1]

Group 1 - US stock markets saw collective gains, with the Dow Jones up 0.91%, Nasdaq up 0.06%, and S&P 500 up 0.35% [1] - Chinese concept stocks experienced mixed performance, with Kaixin Auto rising over 3% and Futu Holdings up over 2%, while Fangdd, Xpeng Motors, Li Auto, NIO, Weibo, and iQIYI all saw declines of over 2% to 5% [1] Group 2 - The US non-farm payroll report for September was not released as scheduled due to the government shutdown, affecting the announcement of employment changes and unemployment rates [2] - The US government shutdown entered its third day, with ongoing negotiations in Congress regarding temporary funding measures, and President Trump considering significant federal job cuts [3] Group 3 - International oil prices experienced fluctuations, with WTI crude nearing $60, marking a four-month low, influenced by the US government shutdown and potential production increases from OPEC+ [4] - Geopolitical factors, particularly the supply security from Russia and Iran, may lead to significant short-term volatility in oil prices [4] Group 4 - Japanese stock markets surged significantly, driven by comments from the Bank of Japan Governor Haruhiko Kuroda, emphasizing the need to maintain a loose monetary environment to support the economy [5] - Kuroda noted various uncertainties in Japan's economic outlook, particularly the potential impact of US economic and monetary policy on Japan's economy and prices [5]

Macro Dynamics - The Digital Renminbi International Operation Center has officially commenced operations in Shanghai, launching three major business platforms: cross-border digital payment, blockchain service, and digital asset platform [2] Market Regulation - The State Administration for Market Regulation is soliciting public opinions on the revised "Food Recall Management Measures (Draft for Comments)" to enhance food safety regulation [3] Real Estate Policy - Guangzhou has introduced new policies allowing real estate companies to sell self-owned housing after paying the necessary fees, aimed at alleviating financial pressure on developers [5] Natural Disasters - The impact of Typhoon "Haikui" has diminished, with orderly resumption of maritime operations and project work in Guangdong, Hainan, and Fujian [6] Defense Industry - The Ministry of National Defense emphasized that the development of aircraft carriers will proceed based on national security needs and technological advancements [7] Copper Industry - The China Nonferrous Metals Industry Association's Copper Industry Branch expressed strong opposition to "involution" competition in the copper smelting industry, which has led to persistently low processing fees [8] Financial Institutions - Two major state-owned banks, Bank of China and Agricultural Bank of China, announced the abolition of their supervisory boards, transferring responsibilities to the audit committee of the board [10] Market Data - The ChiNext Index rose by 1.58%, reaching a three-year high, with significant gains in sectors such as controlled nuclear fusion and AI [9] - The total margin financing balance across both stock exchanges increased by 141.21 billion yuan, reaching approximately 24,063.72 billion yuan [10] Company Developments - Over 70% of China's energy state-owned enterprises have integrated with Alibaba Cloud AI, covering the entire energy spectrum [12] - iQIYI plans to launch China's first AI theater, with the first batch of AI narrative films expected to be released in Q1 2026 [13] - China Railway has recently won bids for 11 major projects, with a total bid amount of approximately 502.15 billion yuan, accounting for 4.34% of its projected 2024 revenue [15] - SIRIS has received approval from the China Securities Regulatory Commission for its H-share issuance [16] - Gaode has reported that over 2,000 restaurants have displayed "Street Ranking" signs within two weeks of its launch, significantly increasing online traffic for local eateries [17]