12月19日，为期三天的2025中国游戏产业年会在上海徐汇西岸国际会展中心落下帷幕。多位与会者表示，2025年，AI、引擎开发和混合现实（XR）技术正 成为企业技术投入的重点方向。其中，AI技术已深度应用于游戏设计开发、用户行为分析与运营策略优化等关键环节，将成为未来公司资本投入的重中之 重。 新华财经上海12月21日电（李一帆）12月19日，为期三天的2025中国游戏产业年会在上海徐汇落下帷幕。作为行业年度盛会，会议吸引了众多头部企业代表 参加。多位与会者在交流中表示，2025年，AI、引擎开发和混合现实（XR）技术正成为企业技术投入的重点方向。其中，AI技术已深度应用于游戏设计开 发、用户行为分析与运营策略优化等关键环节，将成为未来资本投入的重中之重。 游戏+AI，迈入"实战"新阶段 综合来看，AI在游戏行业的应用已进入大规模实践阶段，正从生产效率、用户体验到技术外溢等多个维度，改变着行业的生态与发展模式。 AI解放创意，游戏开发无需再"堆人力" 百度智能云泛科技游戏行业解决方案总监唐俊华指出，中国游戏行业在AI相关领域的投入规模已达约300亿元人民币，且仍保持着高速增长态势。"AI已从 概念阶段进入大规 ...

Core Insights - The forum "AI + Games" held by Huoshan Engine highlighted the integration of AI technology in the gaming industry, with a focus on user experience enhancement and collaboration opportunities [1][4] - The company aims to leverage AI capabilities to achieve operational efficiency, research and development collaboration, and product experience improvements by 2025 [2][4] Company Strategy - The company has adopted a dual-driven strategy of "overseas premium publishing + self-research," utilizing AI technology to empower the entire gaming value chain and establish a robust growth model [1][2] - AI is viewed not just as a cost-reduction tool but as a catalyst for enhancing emotional connections with players and deepening immersive gaming experiences [1][2] AI Implementation - In the overseas premium game publishing sector, AI technology has become a core engine for improving operational efficiency, with tools like the "Fengsheng" player voice analysis system providing valuable insights for localization and content iteration [2][3] - The self-developed game "Kara Bichu" has integrated AI in two key areas: AI Bots for player support during matches and AI companionship for character development, significantly enhancing player engagement and interaction [3][4] Financial Performance - The company's mid-2025 financial report indicated a 68.2% year-on-year decrease in R&D expenses, with AI code assistants improving R&D efficiency by over 30% and contributing to a 24% increase in positive reviews for "Kara Bichu" on Steam [3] Future Outlook - The company plans to focus on upgrading user experiences and expanding the AI companionship system for the "Kara Bichu" IP, aiming for personalized interactions and continuous evolution of AI characters [4] - The company anticipates that AI will unlock a second growth curve for the gaming industry, collaborating with partners to explore the limitless potential of "AI + Games" [4]

车还在轨道上，人还没下车。 文/秋秋 今年，创梦天地CEO陈湘宇的心态变了两次。 今年之前，他的情绪经常会跟股价一起坐过山车，一跌就要找人复盘，在意资本市场。外界的质疑声，甚至让他焦虑到「不止10次想砍掉《卡拉彼丘》」 ——那是公司All in了六年的唯一自研旗舰。 而葡萄君今年9月跟他交流时，能感觉出他的心态已经放平了不少。 彼时，《卡拉彼丘》已经实现盈利，公司净利润扭亏为盈。随着战略收缩与项目进展，他对非核心事务看淡了许多，"很多事已经不在乎了，先把门口的 一亩三分地耕耘好，历经春夏秋冬产出粮食再说。" 这份踏实，不再来自之前那样的「未来可期」，而是来自手游上线后实打实的成绩：在没做大规模宣发的情况下，《卡拉彼丘》手游上线当天登顶iOS游 戏免费榜，而这还只是表面——在游戏首周100万的日活里，有80%都藏在安卓端。 更难得的是，手游这波热度不仅没分流，反而把端游的活跃数据也带到了今年新高。可以说，这款整天被玩家吐槽「快死了喵」的游戏，居然活成了2025 罕有的稳健新品，也再次打破了大家对「二次元+射击」这个伪命题的质疑。 "以前游戏还没上线，我就出来乱说话，很容易被打脸。现在行业看到了数据，大致的脉络我 ...

Core Insights - The report by IDC indicates that Tencent Cloud continues to lead the Chinese gaming cloud market in terms of usage scale, while Alibaba Cloud maintains a 41% market share for the fifth consecutive year [1][8] - Tencent Cloud's growth is attributed to its integration of PaaS and MaaS solutions, particularly in gaming and audio-visual sectors [1] - The gaming industry is increasingly adopting AI technologies, which are enhancing efficiency and quality in game development and operations [4] Market Overview - The Chinese gaming cloud market is projected to reach $1.01 billion in the first half of 2025, marking an 11.2% year-on-year growth, the first double-digit growth since 2022 [6] - The normalization of game license issuance and the release of major new games are driving demand for cloud services [6] Company Performance - Tencent Cloud has established partnerships with over 95% of domestic game companies, supporting them throughout the game development lifecycle [1] - Tencent Cloud's AI Code Assistant, CodeBuddy, has improved development efficiency by over 10% in collaboration with game developers [5] - Alibaba Cloud's gaming cloud infrastructure revenue has increased by 15.3% year-on-year, further solidifying its market position [8]

Group 1 - The stock price of Chuangmeng Tiandi (01119.HK) closed at HKD 0.84, reflecting a decline of 11.58% [1] - On October 24, the stock price was HKD 0.94, with a significant drop of 22.31% [2] - The company launched its self-developed anime-style third-person shooter mobile game "Karabichiu" for full platform public testing on October 23 [2]

Group 1 - The core point of the article is that Chuangmeng Tiandi (01119.HK) experienced a significant stock price drop of 22.31%, closing at HKD 0.94 [1] - The company has launched its self-developed anime-style third-person shooter mobile game "Kalabichu," which has officially entered public testing across all platforms [1]

Market Overview - Hong Kong stocks rebounded after hitting a low, with all three major indices turning positive in the afternoon. The Hang Seng Index rose by 0.72% or 186.21 points, closing at 25,967.98 points, with a total trading volume of HKD 2,452.56 million. The Hang Seng China Enterprises Index increased by 0.83% to 9,300.74 points, and the Hang Seng Tech Index rose by 0.48% to 5,951.45 points [1] Blue-Chip Stocks Performance - Meituan-W (03690) saw a significant increase of 4.06%, closing at HKD 100, contributing 33.69 points to the Hang Seng Index. The company announced key personnel changes, indicating a strategic focus on international business expansion, with plans to launch its Keeta brand in Brazil starting October 30 [2] - Other blue-chip stocks such as Li Ning (02331) rose by 6.55%, China Hongqiao (01378) by 4.48%, and CNOOC (00883) by 2.15%, while CSPC Pharmaceutical (01093) fell by 2.96% [2] Sector Highlights - Major technology stocks mostly performed well, with Meituan leading the Hang Seng Tech Index. Other tech giants like Alibaba, Tencent, and JD.com also saw gains of over 1% [3] - The banking sector continued to rise, with Postal Savings Bank (01658) up by 4.59%, Agricultural Bank (01288) by 1.88%, Industrial and Commercial Bank (01398) by 1.68%, and Bank of China (03988) by 0.92% [3] - The "three oil giants" (CNOOC, Sinopec, and PetroChina) were active, with CNOOC rising by 2.15% amid geopolitical tensions and rising oil prices [4] - Lithium stocks surged, with Ganfeng Lithium (01772) up by 8% and Tianqi Lithium (09696) by 5.1%, driven by strong demand and rising lithium carbonate futures [5] Pharmaceutical Sector - The pharmaceutical sector faced pressure, with notable declines in stocks like Rongchang Bio (09995) down by 10.93% and Innovent Biologics (01877) down by 3.95%. Analysts cited tariff impacts and underwhelming external licensing as contributing factors [6] Notable Stock Movements - Giant Bio (02367) rebounded significantly, closing up by 6.68% after receiving regulatory approval for a new medical product [7] - Li Ning (02331) announced its entry into Meituan's flash purchase platform, enhancing its distribution capabilities [8] - Sands China (01928) reported a 7.5% year-on-year increase in net revenue for Q3, closing up by 4.4% [9] - Dreamland (01119) saw a 4.31% increase after launching a new mobile game that achieved top rankings across multiple platforms [10]

Market Overview - Hong Kong stocks rebounded after hitting a low, with the Hang Seng Index closing up 0.72% at 25,967.98 points and a total turnover of HKD 2,452.56 million [1] - The Hang Seng Tech Index rose 0.48%, indicating a positive sentiment in the tech sector, particularly benefiting from AI narratives [1] Blue-Chip Stocks Performance - Meituan-W (03690) saw a significant increase of 4.06%, closing at HKD 100, contributing 33.69 points to the Hang Seng Index [2] - Li Ning (02331) rose 6.55% to HKD 18.54, contributing 4.22 points to the index [2] - China Hongqiao (01378) increased by 4.48% to HKD 26.58, contributing 4.97 points [2] - China National Offshore Oil Corporation (00883) rose 2.15% to HKD 19.92, contributing 10.27 points [2] Sector Highlights Banking Sector - Major banks continued to rise, with Postal Savings Bank (01658) up 4.59% and Agricultural Bank (01288) up 1.88% [3] - The banking sector is expected to show stable performance with a resilient operating environment, as the third-quarter reports are anticipated to reflect steady revenue growth [3] Oil Sector - The "Big Three" oil companies were active, with CNOOC (00883) up 2.15% and Sinopec (00386) up 1.69% [4] - International oil prices rose significantly, with WTI crude oil up 2.20% to USD 58.50 per barrel, driven by geopolitical tensions and sanctions on Russian oil companies [4] Lithium Sector - Lithium stocks surged, with Ganfeng Lithium (01772) up 8% and Tianqi Lithium (09696) up 5.1% [4] - The price of lithium carbonate futures rose over 4%, indicating strong demand from the electric vehicle and energy storage markets [5] Pharmaceutical Sector - Pharmaceutical stocks faced pressure, with Rongchang Bio (09995) down 10.93% and Innovent Biologics (01877) down 3.95% [6] - The sector's underperformance is attributed to tariff impacts and slower-than-expected external licensing developments [6] Notable Stock Movements - Giant Bio (02367) rebounded significantly, closing up 6.68% after receiving a medical device registration certificate [7] - Li Ning (02331) announced its entry into Meituan's flash purchase platform, enhancing its distribution capabilities [8] - Sands China (01928) reported a 7.5% year-on-year increase in net revenue for Q3, closing up 4.4% [9] - Dreamland (01119) saw a 4.31% increase after launching a new mobile game that topped various app store charts [10]

Core Viewpoint - Chuangmeng Tiandi (01119) shares increased by over 5%, currently trading at 1.2 HKD with a transaction volume of 23.83 million HKD, driven by the announcement of the mobile game "Karabichu" set for public testing in October 2025 [1] Company Performance - The mobile game "Karabichu" has surpassed 8 million pre-registrations across all platforms as of September 16 [1] - In the first half of this year, the self-developed game "Karabichu" introduced new modes and a secondary weapon shop, resulting in a 10% increase in Monthly Active Users (MAU), a 75% increase in revenue, a 23% increase in payment rate, and a 59% increase in average monthly payment per active user [1] Market Position - The PC version of "Karabichu" consistently ranks among the top ten bestsellers on Steam in the Japanese region, indicating a strong player base [1] - The mobile version has completed three rounds of testing and is expected to launch domestically in 2025, leveraging the content and player base from the PC version to rapidly expand in the mobile market, driving significant revenue growth [1]

Core Viewpoint - Chuangmeng Tiandi (01119) shares increased by over 5%, currently at 1.2 HKD with a trading volume of 23.83 million HKD, driven by the announcement of the mobile game "Karabichu" set for public testing in October 2025 [1] Company Performance - The mobile game "Karabichu" has surpassed 8 million pre-registrations as of September 16 [1] - In the first half of the year, the self-developed game "Karabichu" introduced new modes and a secondary weapon shop, resulting in a 10% increase in Monthly Active Users (MAU), 75% in revenue, 23% in payment rate, and 59% in average monthly payment per active user [1] Market Position - The PC version of "Karabichu" consistently ranks among the top ten bestsellers on Steam in Japan, indicating a strong player base [1] - The mobile version has completed three rounds of testing and is expected to launch domestically in 2025, leveraging the content and player base from the PC version to rapidly expand in the mobile market [1]