又到2025年岁末，各大榜单相继出炉。在苹果揭晓的2025年度App Store Awards获奖榜单中，17款兼具创意温度与技术实力的应用及游戏脱颖而出，既有 大家耳熟能详的明星IP，也有出自独立开发者的精美制作，取向依旧兼具科技和人文气质。 规划、学单词、视频剪辑、写论文……在重视工具性的基础上，今年的获奖应用有了更强大的"AI基因"，不少作品借助AI技术实现了服务效率与个性化体 验的双重升级，比如通过AI智能适配用户使用习惯、依托AI生成功能降低创作门槛等，更懂用户需求。 值得一提的是，今年苹果专门为中国大陆区颁发了年度应用奖和年度游戏奖，斩获这两个奖项的是语言学习应用CapWords与战术射击手游《无畏契约： 源能行动》，这两款作品均精准契合了本土用户的使用需求与娱乐偏好，获得市场与官方的双重认可。 体验一下这份榜单里的"尖子生"吧。 拍万物学语言 中国大陆地区年度应用 CapWords 看到单词后，还想知道怎么读，在页面上选择一个自己每天都想听到的声音，包括男声和女声的不同音色。 点击页面下方的"√"，这个单词就存进了专属单词本。页面左上角有一个"博士帽"符号，点击之后就能看到自己存过的单词，查找单 ...

每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 12月10日，游戏板块早盘展现韧性，板块低开后震荡攀升，游戏ETF（159869）现涨近1.5%。其持 仓股中，吉比特领涨超3%，光线传媒、巨人网络均涨超2.5%，富春股份、盛天网络、奥飞娱乐等涨幅 居前，游族网络、华立科技、北纬科技、迅游科技等跌幅居前。游戏ETF（159869）近5个交易日累 计"吸金"达2.11亿元，备受资金青睐，截至12月9日，产品规模达113.83亿元，助力投资者一键布局A股 游戏龙头。 12月4日，中国音像与数字出版协会发布《2025年中国电子竞技产业报告》。报告显示，2025年中 国电子竞技产业实际销售收入为293.31亿元，同比增长6.40%，增幅为近三年新高。回顾前几年数据， 中国电竞产业销售收入自2021年后连续两年下滑，如今重回高点，表明产业核心环节的变现能力正在恢 复。此外，12月 ...

随着 2025 年步入尾声，Apple 最受瞩目的年度榜单之一——App Store Awards 年度应用大奖——也如期与大家见面。 与往年不同的是，今年中国大陆地区的 App Store Awards 采取完全独立评选和颁奖的形式，选出了年度 App 和年度游戏两个奖项，入围作品及获奖名单 分别是： 年度 App 年度游戏 在国际地区，App Store Awards 继续沿袭了去年的奖项设置，选出足以囊括过去一年 App Store 态势与趋势的各平台 app。此外，Apple 也继续沿用「文化 影响力」奖项设置，旨在表彰对全球生活与文化趋势有深远影响的 5 款 app。 最终获奖 app： 「文化影响力」App： 在年中斩获 Apple 设计大奖之后，上线不到一年的《CapWords》又迅速摘得 App Store Awards，可谓今年最大赢家。开发者 Ace 告诉我们， 《CapWords》的诞生与自己的女儿不无关系。在一次带女儿出去玩时，女儿指着路牌问用英语怎么说，英语不好的 Ace 没能回答上来，因此才有了开发 《CapWords》的想法，希望通过这个 app 与女儿一起学习英语；又因为女儿特 ...

21世纪经济报道吴立洋 随着12月开启，2026年也接近尾声，来看本周有哪些值得关注的游戏产业资讯。 行业动态方面，音数协发布《2025年中国电子竞技产业报告》，2025年中国电子竞技产业实际销售收入 为293.31亿元，同比增长6.40%；苹果、索尼先后发布年度奖项，多家中国厂商入围获奖。 国内公司方面，郭炜炜辞任西山居CEO；金山世游《鹅鸭杀》手游公测定档2026年1月7日公测；腾讯 《洛克王国：世界》官宣定档2026年3月26日上线。 海外及合规方面，Netflix宣布以827亿美元收购华纳；《奇迹天使》开发商网禅因概率造假被韩国监管 机构罚款1.58亿韩元。 电竞方面，TT电竞赴美进行产业交流，并与多家行业机构、高校达成合作意向。 行业动向 2025年中国电子竞技产业实际销售收入293.31亿元 12月4日，中国音像与数字出版协会发布《2025年中国电子竞技产业报告》。报告显示，2025年，中国 电子竞技产业实际销售收入为293.31亿元，同比增长6.40%，增幅为近三年新高。回顾前几年数据，中 国电竞产业销售收入自2021年后连续两年下滑，如今重回高点，表明产业核心环节的变现能力正在恢 复。 苹果发 ...

Market Overview - The overall market is experiencing a pullback, with a strong atmosphere of profit-taking [2] - The Hang Seng Index fell by 0.71%, the Hang Seng China Enterprises Index dropped by 0.74%, and the Hang Seng Tech Index decreased by 0.96%, indicating rising risk aversion [2] - The total trading volume in the market was approximately 217.6 billion HKD, with short selling amounting to about 44.5 billion HKD, representing 23.22% of the total trading volume [2] Sector Performance - The film and entertainment sector continues to see outflows, while the pharmaceutical sector is under pressure, particularly in areas like brain-machine interfaces and innovative drugs [3] - Commodity-related sectors are also showing weakness, with gold prices dropping approximately 180 USD from their highs, leading to declines in gold and non-ferrous metal stocks [3] - The electric power and new energy sectors are experiencing a downturn, with expectations for policy catalysts cooling off [3] Individual Stock Highlights - Lithium battery and new energy vehicle sectors are showing resilience, with lithium carbonate futures rising over 5%, driving stocks like Ganfeng Lithium (1772.HK) higher [3] - Ganfeng Lithium's chairman predicts a 30% increase in global lithium carbonate demand by 2026, potentially reaching 1.9 million tons, with prices possibly exceeding 150,000 RMB per ton [3] - Consumer-related sectors are performing relatively well, with stocks in baby products, food, and airlines showing gains, indicating a shift of defensive capital towards domestic demand [3] Company Analysis: Tencent Holdings (700.HK) - Tencent's gaming business exceeded expectations, with domestic market revenue reaching 42.8 billion HKD (up 15% YoY) and international market revenue at 20.8 billion HKD (up 43% YoY) [6] - The advertising business generated 36.24 billion HKD, reflecting a 21% YoY increase, driven by AI-enhanced targeting technology [7] - Financial technology and enterprise services recorded a revenue of 58.2 billion HKD in Q3, marking a 10% YoY growth, supported by improved consumer trends and AI-related services [7] Ecosystem and AI Development - Tencent's WeChat and QQ platforms maintain strong user engagement, with WeChat's monthly active users at 1.414 billion (up 2% YoY) and QQ's at 517 million (down 8% YoY) [8] - The company is advancing in AI technology, with its mixed foundation model achieving industry-leading levels in image and 3D generation [8] - The integration of AI in advertising is enhancing marketing ROI, significantly improving efficiency across various sectors [8] Investment Recommendation - Tencent's Q3 2025 performance demonstrates the deep integration of AI across its business lines, showcasing strong growth resilience in gaming, advertising, and enterprise services [9] - The company is projected to maintain growth through AI-driven advertising efficiency, new game launches, and consumer recovery [9] - A target price of 788 HKD is set, corresponding to a 25.7x PE for 2025 and 23.0x for 2026, maintaining a "Buy" rating [9]

Core Viewpoint - Tencent aims to integrate AI capabilities into its ecosystem, with a vision for WeChat to eventually launch an AI agent that understands user needs and can perform various tasks within its ecosystem [15]. Financial Performance - In Q3 2025, Tencent reported a total revenue growth of 15% year-on-year, with gross profit increasing by 22% and operating profit rising by 18% according to non-IFRS standards [4]. - All three main business segments showed double-digit growth: Value-added services grew by 16% to RMB 95.9 billion; Marketing services increased by 21% to RMB 36.2 billion; and FinTech and Business Services rose by 10% to RMB 58.2 billion [4]. Gaming Sector - Tencent's gaming revenue experienced a high growth rate of 23%, with domestic market growth at 15% and international market growth at 43% [5]. - The success of new games like "Delta Action" and the sustained performance of long-standing titles such as "Honor of Kings" contributed to this growth [5][11]. - "Delta Action" is positioned to become a leading title in the Chinese gaming market, with plans for platformization to enhance user-generated content and expand gameplay [9][10]. Advertising and AI Integration - The advertising business saw a 21% revenue growth, driven by increased ad loading rates and AI-driven ad targeting [13]. - Tencent launched AIMarketingPlus, an automated advertising solution that enhances marketing ROI for advertisers [13]. - AI services are also boosting enterprise service revenue, with significant growth attributed to increased demand for AI solutions [13][14]. Future Outlook and Capital Expenditure - Tencent's ideal blueprint includes the development of an AI agent within WeChat, leveraging its extensive ecosystem to serve as an ideal assistant for users [15]. - Capital expenditures are expected to decrease in 2025 compared to previous guidance but will remain higher than in 2024 [16].

Core Insights - Tencent maintained a steady performance in Q3 2025, with total revenue increasing by 15% year-on-year, gross profit rising by 22%, and operating profit up by 18% according to non-IFRS standards [1] - All three main business segments achieved double-digit growth: value-added services grew by 16% to RMB 95.9 billion, marketing services increased by 21% to RMB 36.2 billion, and fintech and enterprise services rose by 10% to RMB 58.2 billion [1] Gaming Performance - Tencent's gaming revenue saw a significant growth of 23%, with domestic market growth at 15% and international market growth at 43% [2] - The success of new games like "Delta Action" and the sustained performance of established titles such as "Honor of Kings" contributed to this growth [2][5] - "Delta Action" is positioned as a key product, aiming to become a leading title in the Chinese gaming market through a platformization strategy [3][4] Advertising and AI Integration - The advertising revenue grew by 21%, driven by increased ad loading rates and AI-driven ad targeting, which improved eCPM [6] - Tencent is enhancing its AI capabilities within its social platforms, with plans to introduce an AI agent in WeChat that can understand user needs and execute tasks across its ecosystem [7] Capital Expenditure and Future Outlook - Tencent's capital expenditure is projected to decrease in 2025 compared to previous guidance but will still be higher than in 2024, reflecting a strategic shift after significant investments in AI [8]

Group 1 - The core point of the article highlights the significant achievements of NetEase's game "Yan Yun Shi Liu Sheng," which has surpassed 10 million overseas pre-registrations, reflecting the success of China's "game going global" strategy and local support policies [1] - The game ranks in the top 30 of Steam's wishlist and top 5 in active rankings, with the PS version also performing well in over 20 regions [1] - The success of "Yan Yun Shi Liu Sheng" serves as a valuable experience for domestic developers in exploring high-quality and globalized paths, potentially encouraging more investment in premium game development [1] Group 2 - Epic Games officially released "Unreal Engine 5.7," focusing on large-scale world building and high-fidelity rendering innovations, empowering developers to create detailed and realistic environments efficiently [2] - The stable procedural content generation framework (PCG) in this version allows developers to quickly populate vast environments with natural randomness, significantly lowering the technical barriers and development costs [2] - The introduction of the PCG editing mode and experimental procedural vegetation editor (PVE) enables artists to create high-quality vegetation without coding, fostering innovation and visual breakthroughs in the gaming industry [2] Group 3 - Tencent's third-quarter financial report shows a revenue of 192.87 billion yuan, a 15% year-on-year increase, with net profit rising by 20% to 64.94 billion yuan [3] - The company's international game revenue reached 20.8 billion yuan, marking a 43% year-on-year growth, demonstrating the effectiveness of its globalization strategy [3] - The strong performance of Tencent's gaming business, driven by new titles like "Delta Force," highlights its ability to produce blockbuster games and validates its dual-driven model of domestic stability and overseas growth [3]

Core Insights - Tencent reported Q3 2025 revenue of 192.87 billion RMB, a 15% increase year-over-year from 167.19 billion RMB in Q3 2024 [1] - Operating profit reached 63.55 billion RMB, up 19% year-over-year, while adjusted net profit was 70.55 billion RMB, an 18% increase [1] - For the first three quarters of 2025, total revenue amounted to 557.40 billion RMB, a 14% increase compared to 487.81 billion RMB in the same period of 2024 [1] Gaming Business Performance - Tencent's gaming revenue for Q3 was 63.60 billion RMB, with domestic market revenue at 42.80 billion RMB (15% growth) and international market revenue at 20.80 billion RMB (43% growth) [1][4] - International gaming revenue accounted for 33% of total gaming revenue, marking the highest growth rate since the segment began disclosing performance separately [4] - The growth in international revenue was driven by Supercell's game performance and contributions from recently acquired game studios, particularly the success of "Dying Light: Stay Human" [4] Key Game Titles and Innovations - Supercell's titles, including "Clash Royale" and "Brawl Stars," achieved record highs in daily active users and revenue, contributing to international growth [4] - "Dying Light: Stay Human," released by Techland, has seen pre-orders exceed 1 million, with estimated total sales surpassing 1.5 million [4][6] - Tencent's long-standing games like "Honor of Kings" and "Peacekeeper Elite" continue to drive growth, with "Peacekeeper Elite" achieving a peak DAU of 37 million [6][10] Future Outlook - Tencent's gaming segment is expected to maintain steady growth, with upcoming titles like "Ultimate Showdown" and "Rock Kingdom: World" set to launch in Q4 [12] - The company is focusing on a diverse gaming ecosystem, leveraging long-term strategic investments in R&D, global expansion, and product innovation [10][12]

Core Insights - Tencent reported a revenue of 192.87 billion yuan for Q3, a 15% year-on-year increase, and a net profit of 63.13 billion yuan, up 19% year-on-year, indicating robust financial growth [2] - The company emphasized the role of AI in enhancing various business operations, including advertising precision and user engagement in gaming [2][5] - Tencent's gross profit for Q3 reached 108.80 billion yuan, a 22% increase year-on-year, with a gross margin improvement from 53% to 56% [2] Financial Performance - For the first nine months of the year, Tencent's total revenue was 557.39 billion yuan, a 14% increase year-on-year, with a net profit of 166.58 billion yuan, up 17% [2] - Basic earnings per share for Q3 were 6.95 yuan, a 21% increase year-on-year, while diluted earnings per share rose by 20% to 6.78 yuan [2] Business Segments - Value-added services generated 95.86 billion yuan in revenue, a 16% increase, accounting for 50% of total revenue [3] - Domestic gaming revenue was 42.8 billion yuan, up 15%, with notable performances from new games and established titles [3] - International gaming revenue surged by 43% to 20.8 billion yuan, driven by contributions from Supercell and new studio acquisitions [3] Marketing and Advertising - Marketing services revenue reached 36.24 billion yuan, a 21% increase, benefiting from improved user engagement and AI-driven advertising technologies [3] - The launch of Tencent's AIM+ intelligent advertising products enhanced ad targeting and return on marketing investment [3] Financial Technology and Enterprise Services - Financial technology and enterprise services generated 58.17 billion yuan, a 10% increase, with significant contributions from commercial payment activities and cloud services [4] - The demand for AI-related services and the expansion of WeChat's merchant services contributed to the growth in enterprise services [4] User Metrics - As of September 30, 2025, WeChat and WeChat combined monthly active accounts reached 1.414 billion, a 2% year-on-year increase [4] - QQ mobile terminal monthly active accounts decreased by 8% to 517 million [4] Research and Development - Tencent increased its R&D spending to 22.82 billion yuan in Q3, a 28% year-on-year increase, focusing on AI-related developments [5] - The company achieved industry-leading levels in foundational AI models and significant improvements in large language models for complex reasoning tasks [5] Cash Flow and Share Buyback - As of September 30, Tencent's net cash reached 102.42 billion yuan, a 37.3% increase from June [5] - The company repurchased 35.36 million shares for approximately 21.1 billion Hong Kong dollars in Q3 [5]