Core Insights - The company reported steady growth in its esports business, supported by high-quality and frequent events [1] - The successful conclusion of the CAC 2025 event in Shanghai showcased the company's global competitiveness in major esports tournaments [1] - The upcoming DOTA2 International 2026 will be held in Shanghai, marking the second time the company has facilitated this prestigious event since 2019 [1] Esports Business Performance - The esports business has shown a continuous growth trend in revenue compared to the previous year [1] - The company emphasizes the stable performance contribution from its esports operations [1] Event Highlights - The CAC 2025 event featured upgrades in scale, international influence, viewing experience, and city collaboration [1] - The company plans to integrate resources with government departments, Valve, partners, and community players for the preparation of the 2026 DOTA2 International [1]

Core Insights - The 2025 Counter-Strike Asia Invitational Championship (CAC 2025) concluded successfully in Shanghai, with the Brazilian team Legacy defeating 3DMAX in the finals to claim the championship title [1][4] - The event showcased China's growing international influence in esports and contributed to Shanghai's ambition to become a "global esports capital" [1][11] Event Overview - CAC 2025 marked a comprehensive upgrade in scale, specifications, and experience, with total prize money increased from $500,000 to $1 million and the number of participating teams expanded from 8 to 16 [2] - The introduction of regional qualifiers allowed more teams from different regions to compete, enhancing the global nature of the event [2] Venue and Experience - The event was held at the Oriental Sports Center, featuring upgraded facilities that provided a more comfortable and immersive viewing experience for attendees [3] - The finals format was changed from a best-of-three to a best-of-five, increasing the competitiveness and excitement of the championship [3] Cultural Integration - The event highlighted the integration of traditional sports and esports, with badminton champion Shi Yuqi supporting the event as a guest, emphasizing the shared competitive spirit [7] - The presence of esports elements in various popular commercial districts in Shanghai created a vibrant atmosphere, showcasing the city's commitment to integrating esports into its cultural fabric [9] Economic and Strategic Impact - CAC 2025's successful execution is a significant step towards Shanghai's goal of becoming a "global esports capital," attracting global teams, media, and brands [11] - The event's influence extended beyond the venue, fostering collaborations across various sectors, including tourism and commerce, to create a new ecosystem for esports consumption [9][11]