Core Viewpoint - The A-share gaming sector has experienced a significant rise, driven by multiple factors including policy support, better-than-expected performance, technological innovation, and improved market sentiment [5][6]. Group 1: Market Performance - A-share gaming stocks collectively surged, with Youzu Interactive hitting the daily limit, and other companies like Deyuan Network and Iceberg Network rising over 7% [1]. - The gaming ETFs also saw gains, with Guotai Fund's gaming ETF up by 2.96%, Huaxia Fund's gaming ETF up by 2.94%, and Huatai Baichuan's gaming ETF up by 2.93% [1][3]. Group 2: Policy Support - Continuous favorable policy signals have been released, including a significant acceleration in the issuance of game licenses, with 130 domestic and 14 imported game licenses announced on May 21, 2025, marking a substantial year-on-year increase [5]. - The upcoming measures from Guangzhou to support the gaming and esports industry will provide comprehensive policy services, including funding for game development, operations, and esports events [5]. Group 3: International Expansion - Recent policies have been introduced to support the international expansion of gaming businesses, with Guangdong province launching initiatives to encourage local game companies to enhance their global competitiveness [6]. - In Q1 2025, China's self-developed games generated overseas revenue of $4.805 billion, reflecting a year-on-year growth of 17.92% [6]. Group 4: Industry Performance - The overall recovery of the gaming industry is evident, with Q1 2025 revenues reaching 85.704 billion yuan, a year-on-year increase of 17.99% [6]. - Leading companies have reported strong earnings, with NetEase's gaming revenue at 24 billion yuan, up 12.1% year-on-year, and Century Huatong's revenue soaring by 91.12% [6]. Group 5: Technological Innovation - AI technology is enhancing the gaming industry by reducing costs and innovating gameplay, with tools like Tencent's mixed yuan game visual generation platform and Kunlun Wanwei's intelligent agents speeding up game development [6]. - Game development costs have been reduced by 30%-50% through AI applications, as seen in titles like "Xianjian World" and "Space Kill" [6]. Group 6: ETF Overview - There are currently four gaming industry ETFs tracking various indices, with Huaxia Fund's gaming ETF being the largest at 6.203 billion yuan as of May 22, 2025 [7][9]. - The Huatai Baichuan gaming ETF has the lowest fee rate, with a combined management and custody fee of 0.36% [7].

Core Insights - The article highlights the rapid growth and investment in the AI industry, showcasing various companies' advancements and the increasing demand for AI talent and technology. Group 1: AI Talent and Salary Trends - The average monthly salary for newly posted large model algorithm positions reached 70,107 yuan, making it the highest in the industry [5][10] - Companies like Xiaopeng Motors and Yuanrong Qixing are leading in employer index scores, indicating a competitive hiring environment in the intelligent driving sector [5][10] Group 2: Major Developments in AI Technology - Xiaomi's CEO Lei Jun revealed that the company invested 13.5 billion yuan over four years in chip development, emphasizing the challenges faced in this process [10][29] - The CyberSense robot developed by the Chinese Academy of Sciences can precisely implant flexible microelectrodes into animal brains, enhancing brain-computer interface research [11][12] Group 3: New AI Products and Services - Kunlun Wanwei launched the Skywork Super Agents, an AI agent framework capable of generating various types of content [14] - Tencent introduced the mixed yuan game visual generation platform, aimed at optimizing game asset production processes [16] Group 4: AI Investment Landscape - A total of 14 AI financing events were disclosed globally this week, with a total funding amount of 7.95 billion yuan, indicating a decrease in the number of events compared to the previous week [55] - The domestic AI financing total reached 1.032 billion yuan, with significant activity in regions like Beijing and Guangdong [62] Group 5: International AI Developments - Nvidia's CEO announced plans for a research center in Shanghai focused on customizing products for Chinese clients, highlighting the importance of the Chinese market [32][41] - OpenAI plans to build a massive data center in Abu Dhabi, which would be one of the largest AI infrastructures globally [53]