2026年1月2日，在韩国青瓦台迎宾馆举行的新年招待会上，韩国总统李在明、第一夫人、总理、国民议会议长及宪法法院首席大法官五人依次落座在会馆 最中央的桌子前。 与他们同桌的是几位即将被授勋的各领域代表性人物。首先走上台前的是一位名声显赫的电竞选手李相赫（Faker）。韩国总统李在明亲自为其授予了青 龙勋章，以表彰其电竞领域的卓越成就，这标志着韩国国家层面最高级别的认可。 青龙勋章是韩国体育界的最高荣誉之一，通常颁发给在奥运会、世界杯等国际顶级赛事中表现卓越的运动员，或对韩国体育发展作出杰出贡献的功勋人 士；以往获得者包括带领韩国足球创造历史的运动员孙兴慜、花样滑冰女王金妍儿、高尔夫名将朴世莉等传统体育传奇，而 Faker 是首位以电子竞技选手 身份获此殊荣的运动员。 在世界的其他角落，我们很难看到一位相似的选手，更遑论能有此待遇。不过随着游戏在产业、文化等领域的影响力越来越大，我们可以看到的是曾经被 视为"玩物丧志"的游戏，如今正成为各国政府首脑公开支持的对象。 Faker的国宝级待遇 这不是Faker 第一次获得韩国政府高层的青睐。 早在2019年便有传闻称，时任总统文在寅随访欧洲时在随行人员名单里提到了F ...

Core Insights - Shift Up, the developer of "Sword Star," has announced a collaboration with Tencent to develop a new cross-platform game called Project Spirits, utilizing Unreal Engine 5 [1] - Project Spirits is set to be released on PC, consoles, and mobile platforms, and is inspired by "Eastern Fantasy" [1] - Level Infinite, a subsidiary of Tencent, aims to leverage Shift Up's success from previous titles to enhance the gaming experience for global players [1] Group 1 - Shift Up and Tencent's partnership will focus on the development and publishing of Project Spirits, previously known as Project Witches [1] - The game is categorized as a "subculture cross-platform work" and aims to reach a diverse audience [1] - Level Infinite has a track record of successful game releases, including "Goddess of Victory: Nikke" in 2022, which sets a precedent for this collaboration [1] Group 2 - "Sword Star" achieved significant success after its PC launch in June, breaking the record for the highest concurrent player count for a single-player game on Steam for Sony [2] - This strong performance indicates a growing interest in Shift Up's titles and may positively impact the anticipated success of Project Spirits [2]

Core Viewpoint - Credit Lyonnais has raised the target price for Tencent Holdings (00700) from HKD 645 to HKD 710, maintaining a "highly confident outperform" rating based on robust growth in gaming and advertising, as well as the success of new games [1] Group 1: Financial Projections - Tencent is expected to continue its solid growth in gaming and advertising into Q2 2025, with total revenue and adjusted EBIT projected to grow by 10.1% and 10.2% year-on-year, reaching RMB 177.3 billion and RMB 64.4 billion respectively [1] - Online gaming revenue is anticipated to rise due to strong performance from classic games, particularly "Honor of Kings" and "PUBG Mobile," along with new games like "Delta Force" and "Nikke" [1] Group 2: Advertising and Cloud Business - Tencent's advertising revenue is likely to benefit from upgrades in advertising technology, as well as growth in video accounts, mini-programs, and search business [1] - The cloud business revenue is expected to recover to double-digit growth driven by strong demand for artificial intelligence (AI) [1]

Core Viewpoint - Credit Lyonnais forecasts Tencent Holdings will continue its robust growth in gaming and advertising by Q2 2025, with total revenue and adjusted EBIT expected to grow by 10.1% and 10.2% year-on-year, reaching 177.3 billion and 64.4 billion respectively [1] Gaming Revenue - Online gaming revenue is anticipated to rise due to strong performance from classic games, particularly "Honor of Kings" and "PUBG Mobile," along with the success of new games like "Delta Force" and "Victory Goddess: Nikki" [1] - The mobile version of "Valorant" is expected to be released in August [1] Advertising Revenue - Tencent's advertising revenue is likely to benefit from upgrades in advertising technology, as well as growth in video accounts, mini-programs, and search business [1] Cloud Business - Revenue from the cloud business is projected to recover to double-digit growth due to strong demand for artificial intelligence (AI) [1] Target Price Adjustment - Based on the solid growth in gaming and advertising, as well as the success of new games, the target price has been raised from 64.5 HKD to 71.0 HKD, maintaining a "highly confident outperform" rating [1]