将投中网设为"星标⭐"，第一时间收获最新推送 这支球队有79年的历史，堪称NBA历史的缩影。 作者丨 张雪 来源丨 投中网 " 赌王之子 " 何猷君再次站在了聚光灯下。这次无关电竞，而是另一项他极度热爱的赛事—— NBA 。 五个月前，一笔刷新纪录的交易诞生。美国私募股权大亨威廉 · 奇泽姆宣布收购波士顿凯尔特人，该交易让这支队伍的估值 上涨到了 61 亿美元（约合人民币 438 亿元），也创下了美国职业体育队有史以来的最高纪录。 8 月 20 日，凯尔特人官宣了新股东的核心成员，在这个长长的名单中， " 何猷君（ Mario Ho ） " 的名字格外醒目，这意 味年仅 30 岁的何猷君，成了 NBA 大热球队的股东。 " 联合所有者及管理委员会委员 " 的身份，也帮何猷君解锁了又一个新标签： NBA 历史上最年轻的股东。 从 " 铁杆球迷 " 到 " 核心股东 " 这次交易的收购方 —— 奇泽姆财团，该财团核心成员包括科技巨头、地产大亨等资深投资人，像是全球第二大钢铁企业继承 人阿迪提亚 · 米塔尔、波士顿地产大亨布鲁斯 · 比尔、花岗岩电信公司的创始人兼首席执行官罗布 · 黑尔等。 在这个财团中，何猷君是 ...

Core Viewpoint - The event in Chengdu aims to promote the integration of culture and tourism in Sichuan, inviting both domestic and international tourists to experience the unique charm of the region and encouraging investment from cultural and tourism enterprises [1][2]. Group 1: Industry Initiatives - The cultural and tourism industry chain is one of the 15 key industry chains in Sichuan, with a focus on digital culture, performing arts, cultural creative design, film and television, leisure tourism, health tourism, and educational tourism [2][3]. - A special work plan has been jointly issued by 12 provincial departments to enhance the collaborative development of the cultural and tourism industry chain across the province [2]. Group 2: Investment and Projects - Tencent's Vice President highlighted the company's achievements in Sichuan, announcing a series of major esports events to be held in the region, which will further integrate esports with cultural tourism [3]. - Ten major cooperation projects in the cultural tourism industry chain were signed at the event, with a total contract value of 8.08 billion yuan [3]. Group 3: Summer Tourism Products - The 2025 Summer Cultural and Tourism Consumption Season will feature various unique cultural tourism products and experiences, inviting tourists to explore Sichuan [4]. - A summer consumption season package has been launched, distributing a total of 65.65 million yuan in cultural tourism consumption vouchers [6]. Group 4: Events and Promotions - A series of high-profile events, including the World Games and various sports competitions, are set to take place in Sichuan, enhancing the region's appeal as a tourism destination [5]. - The province will host over 150 key cultural tourism promotional activities and offer more than 50 discount policies to attract visitors [6].

Core Viewpoint - The company, Wuhan Mingcheng Cultural Sports Group Co., Ltd., reported a revenue of 429 million yuan for 2024, reflecting a year-on-year growth of 7.3%. However, accounts receivable surged to 127 million yuan, marking a significant increase of 378.71% due to new business activities [2][3]. Financial Performance - The company's revenue for 2024 was 429 million yuan, with a year-on-year increase of 7.3% [2]. - Accounts receivable at year-end reached 127 million yuan, showing a dramatic increase of 378.71% compared to the previous year [2]. - The company reported a negative gross margin of -4.5% for its film and television media business, with a specific loss margin of -14.01% for film projects [11]. Accounts Receivable Details - The top ten customers accounted for a significant portion of the accounts receivable, with detailed disclosures required regarding their names, transaction backgrounds, and bad debt provisions [2][3]. - The company provided a breakdown of accounts receivable, indicating that the largest customer was Wuhan Xingmingkai Cultural Media Co., Ltd., involved in various entertainment activities [2]. Contract Assets - The company reported contract assets amounting to 86.93 million yuan, primarily due to changes in performance progress affecting revenue recognition [4]. - The top ten customers for contract assets were disclosed, including details on contract amounts, signing dates, and payment arrangements [5][6]. Inventory and Impairment - The company recognized an inventory impairment provision of 48.59 million yuan, with only 0.493 million yuan being charged in the current period [11][16]. - The negative gross margin in the film and television sector was attributed to underperforming box office results, impacting overall profitability [11]. Goodwill Impairment - The company recorded a goodwill impairment provision of 58.93 million yuan, significantly affecting its financial performance. This included provisions for subsidiaries acquired in 2024 [16]. - Specific details regarding the goodwill impairment testing process for subsidiaries such as Hubei Jiali Media Co., Ltd. were requested for further disclosure [16].

Group 1: Rise of Rural E-sports - The rise of rural e-sports is a result of multiple factors, including increased internet access and smartphone usage, allowing young people in rural areas to engage with e-sports [3] - E-sports provide a new form of entertainment that meets the desires for excitement and achievement among the youth, with lucrative prize money attracting many rural youths to pursue e-sports as a career [3] Group 2: Role of Internet Cafes - Internet cafes play a crucial role in the rural e-sports boom, serving as the primary venue for e-sports activities due to the relatively underdeveloped infrastructure in rural areas [4] - These cafes offer high-performance computers and stable internet connections, creating a social platform for players and hosting various e-sports competitions to further promote rural e-sports [4] Group 3: Overnight Consumption Trends - Overnight consumption in internet cafes is a notable phenomenon, with average spending ranging from 50 to 100 yuan, covering internet fees, drinks, and snacks [5] - Despite the relatively high costs, the allure of e-sports and social interaction drives young people to spend on overnight stays [5] Group 4: Economic Impact of Overnight Consumption - The overnight consumption in internet cafes positively impacts the rural economy by increasing cafe revenues and stimulating related industries such as beverages and snacks [6] - This consumption trend also promotes employment opportunities in rural areas, as many young people work in internet cafes, contributing to local economic growth [6] Group 5: Future Trends in Rural E-sports - The future of rural e-sports looks promising, with expectations for improved infrastructure, more e-sports venues, and increased professional training opportunities for young people [9] - The growth of e-sports competitions and activities is anticipated to attract more youth participation, further driving the development of rural e-sports [9] Group 6: Policy Support and Regulation - Government policies play a significant role in supporting the e-sports industry through funding and tax incentives while ensuring proper regulation of internet cafes to protect young people's rights [10] - Continued policy support and regulation are expected to foster the healthy development of rural e-sports [10] Group 7: Cultural and Educational Integration - The spread of e-sports culture through media and the influence of e-sports stars are key drivers of the rural e-sports trend [11] - Integrating e-sports into education can enhance young people's skills and provide more career options, making it an important direction for future rural e-sports development [12] Group 8: Diversification of the E-sports Industry - The diversification of the e-sports industry encompasses various fields beyond traditional competitions, including game development, live streaming, and training [13] - This diversification is expected to create more employment and entrepreneurial opportunities for young people in rural areas [13] Group 9: E-sports and Community Development - Building e-sports communities can provide platforms for interaction and cultural exchange, promoting the growth of e-sports culture and offering more job opportunities for youth [17] - The combination of e-sports and community development is seen as a vital trend for the future of rural e-sports [17] Group 10: E-sports and Environmental Awareness - The integration of e-sports with environmental initiatives can reduce the negative impacts of e-sports activities on the environment and promote sustainable development [21] - Raising environmental awareness among young people through e-sports is anticipated to be a significant trend moving forward [21]

Financial Data and Key Metrics Changes - Total net revenues increased by 1.8% year over year to $45.9 million in the second half of 2024, driven by a 92.6% year over year increase in events production revenue [7][30] - Full year total revenue reached $85.3 million, an increase of 1.9% over 2023, with event production revenue surging 147.5% to $23.3 million [31][32] - GAAP net loss widened to $8 million in the second half compared to a net loss of $2 million in the prior year period, while full year net loss narrowed slightly to $12.7 million from $13.3 million [31][32] Business Line Data and Key Metrics Changes - Events production revenue nearly doubled year over year to $14.6 million in the second half, contributing significantly to overall revenue growth [30][31] - Esports team operations revenue declined by 49.7% year over year to $5.9 million, reflecting softer advisor spending and sponsorships [30] - Talent management services revenue was broadly stable at $25.4 million, down 1.3% year over year [30] Market Data and Key Metrics Changes - The Western esports operations showed early signs of recovery, while performance in China was slightly softer [10][11] - The company is seeing increasing momentum across its commercial pipeline, particularly in the West with new sponsorships [12] Company Strategy and Development Direction - The company is transitioning from a pure esports organization to a comprehensive gaming-centric digital entertainment company, focusing on building an integrated ecosystem [6][10] - The consolidation of global headquarters in Abu Dhabi aims to streamline operations and enhance resource alignment [7][19] - The company is exploring broader opportunities, including leveraging AI and pursuing targeted M&A to accelerate growth [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 but expressed confidence in the company's adaptability and strategic direction [5][9] - The company expects to benefit from new funding support and initiatives from the Abu Dhabi Investment Office and other partners in 2025 [9][20] - Management highlighted the importance of the Esports World Cup partnership, which is expected to unlock additional revenue growth opportunities [52] Other Important Information - The company is preparing to open its first S-tier integrated gaming entertainment complex in Chengdu by the end of the third quarter [17][18] - A significant partnership with the Guangxi government is expected to provide up to RMB50 million in strategic support for developing a digital sports industry park [15][16] Q&A Session Summary Question: What were the primary drivers of the 93% year over year growth in event production revenue in the second half? - The growth was primarily driven by hosting a higher number of events and securing finals of significant titles from Tencent, solidifying the company's status in the events production space [36][37] Question: Can you elaborate on your music festival pipeline and its expected growth in 2025? - The company expects to host another 10 music festivals in 2025, with a focus on self-funding to improve margins [40][41] Question: Can you provide insights on the health of esports team revenue in 2025? - The revenue dip in 2024 was a deliberate decision to restructure teams, but early signs in 2025 indicate a return to tier one events, which will positively impact revenue [46][50] Question: What are the benefits of joining the Esports World Cup Foundation Hub Partner Program? - Benefits include access to a $70 million revenue pool, increased global exposure, and the ability to consolidate teams for better monetization [54][55] Question: What is the execution timeline for the Abu Dhabi HQ build-out and its P&L impact? - The execution is well underway, with $40 million in financial incentives over four years, significantly lowering operational costs [60][61] Question: What KPIs will be monitored for the Chengdu S-tier complex, and how replicable is this model? - KPIs will include occupancy rates, and the model is expected to be highly replicable in other cities due to strong partnerships [63][64]

工程已经延迟了大半年，中间有几个月的时间不允许施工。应书岭感到焦虑。这位 80 后企业家是英 雄游戏、英雄体育 VSPO 两家公司的董事长。英雄体育占据中国电竞市场超 7 成份额，但在地产行 业，应书岭是个新人。这是他第三次从零开始做一件事。 他等了三年，才抓住机会，按自己的想法在上海市中心打造一个地标性建筑。他想在那里办更大规 模的电竞比赛，用一处开阔空间承接瞬发的人流。 2021 年初，应书岭打电话给他心目中的项目联合创始人人选，比他小十二岁的真格基金投资人关山 行："兄弟，我最近拿了一栋楼。咱们琢磨琢磨干点啥。" "全世界那么多体育活动，去看世界杯的用户体验像过节一样，你飞去那个城市看三五场比赛，它是 一个目的地消费。我希望电竞比赛也能变成那样的体验。" 他说。 开发一处商业地产不能只靠电竞比赛。不办比赛的间歇里，需要填充别的业态来挣钱。他们最终琢 磨出的方案，多少违背了行业的传统做法。 现在人们看到，这是一栋位于上海黄浦区核心地段的综合体，包含了 B 级电竞场馆、七家夜店、 live house、 喜剧剧场和一些餐厅酒吧。整幢楼摒弃了零售空间，只有娱乐和餐饮业态。 应书岭和他的 INS 新乐园。 文丨 ...