Group 1: Company Overview - Great Glory Group (1196.HK) is initiating a digital entertainment transformation strategy, engaging in preliminary discussions for potential acquisition of mobile game rights [1] - The company's stock price and trading volume have significantly increased following the announcement, indicating investor confidence in the strategic shift [1] Group 2: Industry Insights - The global gaming market is projected to reach $188.9 billion by 2025, with mobile gaming expected to generate $103.1 billion in revenue [2] - There are currently 2.945 billion mobile game players worldwide, significantly outnumbering PC and console players [2] - Successful transformation cases, such as Tencent and NetEase, highlight the potential for traditional companies to thrive in the gaming sector [2] Group 3: Market Dynamics - Game company valuations are rising, reflecting investor confidence in the industry's long-term growth prospects [3] - Quality gaming assets are scarce, with stable cash flow projects often commanding price-to-earnings ratios above 80 [3] - Great Glory Group's current market capitalization is HKD 16.428 billion, with potential for revaluation if it successfully acquires quality gaming assets [3] Group 4: Strategic Considerations - The group's entry into the gaming industry aligns with the trend of "traditional industry + digital economy," leveraging the large mobile gaming player base [4] - The chairman emphasizes the gaming industry's growth potential and its alignment with the company's strategic direction [4] - The group possesses strong financial resources, with total assets of HKD 19 billion, providing a solid foundation for long-term investment in gaming [4] Group 5: Synergies and Experience - The group's diversified business model includes property investment, financial services, and more, creating potential synergies for the gaming venture [5] - Previous successful acquisitions provide valuable experience for integrating gaming operations [5] Group 6: Future Opportunities - The gaming industry is evolving into a comprehensive digital content platform, offering opportunities for interaction with other business sectors [6] - The market outlook remains optimistic, with growth driven by advancements in technology such as 5G and AI [6] - The collaboration potential between Hong Kong and Shenzhen in the gaming sector is significant, given their respective strengths [6] Group 7: Conclusion - Great Glory Group's transition from property investment to digital entertainment represents both challenges and opportunities [7] - Successful acquisition of gaming assets would mark the company's official entry into the digital entertainment space [7] - The vast market of nearly 3 billion mobile game players presents a unique opportunity for the company to carve out a distinctive path in digital transformation [7]

Core Viewpoint - The article highlights the significant impact of ten outstanding figures in China's internet industry, showcasing their contributions to innovation, market shaping, and the evolution of technology in the sector. Group 1: Overview of the Internet Industry in China - China officially accessed the internet in 1994, marking the beginning of its internet era [1] - The country has become the largest internet market globally, with the highest number of internet and mobile internet users [1] - The rapid development of the internet has transformed lifestyles and driven social progress [1] Group 2: Notable Internet Entrepreneurs - **Ma Huateng**: Founder of Tencent, known for QQ and WeChat, which revolutionized communication and became a leading comprehensive internet service provider [3] - **Jack Ma**: Founder of Alibaba, which transformed e-commerce and mobile payments in China, achieving the largest IPO globally in 2014 [5] - **Li Yanhong**: Founder of Baidu, which established itself as the second-largest independent search engine globally and a leader in AI technology [7] - **Zhang Yiming**: Founder of ByteDance, known for Douyin and TikTok, which led the global short video trend and became a world-class application [9] - **Wang Xing**: Founder of Meituan, which became a major player in the comprehensive lifestyle service platform in China [11] - **Ding Lei**: Founder of NetEase, known for pioneering free email services and online gaming in China [13] - **Zhang Chaoyang**: Founder of Sohu, recognized for creating the first Chinese search engine and being a significant player in the internet portal era [15] - **Huang Zheng**: Founder of Pinduoduo, which disrupted the e-commerce market with a social shopping model and surpassed Alibaba in market value [17] - **Cheng Wei**: Founder of Didi Chuxing, which transformed transportation through ride-hailing services and became a leader in the sharing economy [19] - **Zhou Hongyi**: Founder of Qihoo 360, known for creating a free security model and becoming a major internet security service provider [21]

8月5日，网易旗下多款游戏今日上午出现无法登录的问题，包括阴阳师、第五人格、七日世界、一梦江 湖等游戏的不少玩家发帖反馈称游戏无法登录。#网易游戏崩了##第五人格崩了##阴阳师崩了#等话题也 冲上微博热搜。 | 2 | 第五人格崩了 | 997608 | | | --- | --- | --- | --- | | 6 | 第五人格 849622 | | | | 28 | 阴阳师崩了 | 210410 | | | 31 | 第五人格回应登录问题 196238 | | | | 32 | 网易游戏崩了 | 195642 | | | | and the contract and consisted to the color of the consideration of the | | Company of Canada Career Company Come Come | 对此，阴阳师回应称，因临时技术故障因素，出现登陆异常，正在紧急排查中。 | | 网易明网师手游 EEE :各位大人好，因临时技术故障因素，出现部分大人无法登录游戏的情况。 2000 目前已在紧急排查修复中，相关补偿将在恢复后发放，鞠躬! | | ...

近日，网易多款游戏因其账号注销机制引发广泛争议。《阴阳师》《世界之外》等游戏的玩家陆续发现：自己因一年未登录，账号竟已被系统自动清除，充值记 录、角色进度、皮肤道具等全部消失。相关话题登上热搜，维权玩家在社交平台留言区控诉"霸王条款"，情绪激烈。 据悉，网易游戏在服务协议中明确规定：若用户连续365天未登录游戏，平台有权删除其账号及所有游戏数据。这一条款最早出现在2022年11月更新的协议版本 中。 在媒体披露的信息中，多位玩家反馈并未接收到任何形式的提醒通知，且客服在回应时仅表示"协议内容未改，删除与否无法确认"，并未给出具体补救路径。这 一模糊态度，也进一步激化了玩家的不满。 "离大谱，说小点那些高三的学生，退网一年辛辛苦苦备考，考完暑假一登，发现号没了，网易你觉得合理吗？"一位用户的发言引发众多共鸣。 在社交平台上，不少玩家表示账号中承载着多年的回忆和真实金钱投入，"我不登录不代表我不要了"，"这相当于我租了一个仓库，一年没去你就把我东西全扔 了"，也有声音指出："哪怕是退游，也不等于放弃权利"。 不过，也有理性讨论指出，长期未登录的账号确实可能占用服务器资源，"进行清理在一定程度上是合理的"，但前提是 ...

Core Viewpoint - The article discusses the recent collaborations between various Chinese mobile games and popular IPs, highlighting the trends and implications of these partnerships in the gaming industry [1][2][4]. Group 1: Collaborations and Trends - "Arknights" announced collaborations with well-known IPs such as "Taiko no Tatsujin" and "BIGBanG Dream!" which sparked discussions among players [1]. - "Punishing: Gray Raven" confirmed its collaboration with "Devil May Cry 5," with the specific content being revealed four months after the initial announcement [2][3]. - The collaboration trend among Chinese mobile games has become a hot topic, with varying degrees of success in past partnerships [3][4]. Group 2: Types of Collaborations - Collaborations among Chinese mobile games primarily focus on partnerships with other games, with a notable preference for similar genres [5][6]. - Games like "Azur Lane" and "Girls' Frontline" have actively engaged in collaborations with various titles, while companies like miHoYo and NetEase tend to collaborate within their own game ecosystems [9][10]. - The article notes a "cursed" reputation for "Honkai Impact 2," where collaborations have historically led to negative outcomes for partnered games [10]. Group 3: IP and Cultural Collaborations - Collaborations are not limited to games; they also extend to IP-related works, such as "Wuthering Waves" partnering with "Cyberpunk: Edgerunners," which is an animated series based on the "Cyberpunk 2077" universe [11][12]. - The article highlights the significance of cultural collaborations, with over half of the partnerships involving anime IPs, reflecting the preferences of the gaming audience [14][28]. Group 4: Consumer Product Collaborations - The majority of collaborations in the Chinese mobile gaming sector involve consumer products, particularly in food and shopping categories, with KFC and Lawson being the most active partners [19][24][25]. - Food collaborations dominate, with fast food brands leading the way, while shopping collaborations often involve convenience stores and digital products [19][21][26]. Group 5: Community and Public Engagement - The article emphasizes the importance of community engagement through collaborations with cultural and public initiatives, such as partnerships with museums and environmental organizations [28][29]. - These collaborations are generally well-received by players, as they align with cultural values and promote positive social impact [30][31]. Group 6: Challenges and Considerations - The article warns that forced collaborations may lead to negative perceptions if they do not resonate with the player base, highlighting the need for thoughtful partnerships [34][35][36]. - It stresses that successful collaborations should be player-approved to ensure their value and effectiveness in enhancing the gaming experience [37].

出品｜虎嗅ESG组 作者｜胡巍 头图｜AI生成 从ESG视角看，电子游戏在某种程度上是一个有争议的行业。 烟、酒、赌博及军火是争议性行业，这一点被普遍接受，涉足这些行业往往会对企业ESG评级产生负面影响。电子游戏虽然不在四大行业之列，但其 与烟、酒、赌博的共同点是，都有成瘾性——游戏设计利用多巴胺奖励机制（如成就解锁、社交认可），使玩家产生心理依赖，甚至出现"游戏障碍 （Gaming Disorder）"。 世界卫生组织（WHO）将"游戏障碍"认定为一种精神疾病，将此条目收纳于"国际疾病分类"第11次更新版本(IDC-11)中"因滥用和成瘾行为而导致的精 神障碍"条目下"因成瘾行为而导致的精神障碍"的分类里， "游戏障碍"与赌博成瘾而导致的精神障碍条目并列 。 WHO提供了三个要点，以帮助专业人士诊断剖析患者的疾病：一是无法自控玩游戏的时间、频率、强度、时长等等；二是越来越重视游戏，以至于游 戏优先于其他生活兴趣和日常活动；三是尽管发生了负面后果，但玩游戏的行为仍然持续或变得更加严重。 本文是#ESG进步观察#系列第118篇文章 本次观察关键词： 争议行业，社会责任 中国四大门户网站之一，秉承有态度的新闻理念 ...