Summary of Kunlun Wanwei Conference Call Company Overview - **Company**: Kunlun Wanwei - **Date**: November 3, 2025 Key Industry Insights - **Significant Growth in Overseas Business**: Revenue from overseas operations increased by 58% year-on-year, reaching 5.41 billion yuan, indicating strong global market expansion capabilities [2][4] - **AI Business Expansion**: Revenue from AI-related businesses saw substantial growth, reinforcing the company's leading position in the artificial intelligence sector [2][4] - **User Engagement on AI Platforms**: The TianGong AI platform has over 10 million monthly active users, showcasing high market penetration and user acceptance across various application scenarios [2][6] Core Business Developments - **Launch of Skyreels A3 Model**: The new Skyreels A3 model has been launched, with a new version of the platform expected to be released in early November 2025, offering advantages in full-process production and multi-scenario adaptability [2][6] - **Browser Market Positioning**: The Opera Leo browser has differentiated itself with capabilities such as local task execution, automation, and multi-modal generation, establishing itself as a pioneer in intelligent agent experiences [2][7] - **Short Drama Platform Growth**: The short drama platform continues to grow robustly by enriching its content ecosystem through the introduction of anime and online channels, while leveraging AI technology to enhance efficiency and optimize cost structures [2][8] AI Technology Applications - **Deepening AI Integration**: AI technology applications in short dramas and comics have expanded to include voice dubbing, multi-language subtitles, and intelligent material generation, significantly improving operational and promotional efficiency [3][9] - **AI Model Development**: The company has open-sourced several leading industry models and published multiple papers, with two receiving Spotlight honors at NeurIPS 2025, showcasing its commitment to innovation [4] Future Profitability and Market Outlook - **Short and Comic Drama Profitability**: The short drama industry is in a rapid expansion phase, with profitability expected to improve over time through content innovation and AI empowerment strategies [8] - **Dynamic Comics Channel Launch**: The introduction of a dynamic comic channel is anticipated to disrupt the traditional comic market, with optimistic long-term growth prospects [8] Competitive Landscape - **Browser Market Dynamics**: The core competitiveness in the browser market lies not only in search entry points but also in user habits and comprehensive functionality. The company remains vigilant about competitors while focusing on technological innovation to maintain its competitive edge [7]