{"id":609866,"date":"2025-12-15T05:15:03","date_gmt":"2025-12-15T13:15:03","guid":{"rendered":"https:\/\/nai500.com\/?p=609866"},"modified":"2025-12-15T05:15:03","modified_gmt":"2025-12-15T13:15:03","slug":"10-16","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/12\/10-16\/","title":{"rendered":"10 \u5bb6\u5728\u864e\u7259\u4e4b\u5f8c\u503c\u5f97\u95dc\u6ce8\u7684\u4e2d\u570b\u96fb\u7af6\u8207\u5a92\u9ad4\u80a1\u7968"},"content":{"rendered":"

\u864e\u7259\u7372\u5f97 Demacia Cup \u4e0d\u53ea\u662f\u7248\u6b0a\u52dd\u5229\uff1b\u5b83\u662f\u4e2d\u570b\u6ce8\u610f\u529b\u7d93\u6fdf\u7684\u898f\u6a21\u4fe1\u865f\u3002\u6210\u70ba 2025 \u5e74 Demacia Cup\uff08\u4e2d\u570b\u9802\u7d1a\u7684 League of Legends \u8cfd\u4e8b\u4e4b\u4e00\uff09\u7684\u5b98\u65b9\u4e3b\u8fa6\u65b9\u8207\u7368\u5bb6\u76f4\u64ad\u65b9\uff0c\u5c07\u864e\u7259\u63a8\u5165\u4e00\u500b\u9ad8\u6d41\u901f\u7684\u98db\u8f2a\u4e2d\u5fc3\uff1a\u5167\u5bb9\u3001\u793e\u7fa4\u3001\u5546\u52d9\u8207\u96f2\u7aef\u3002\u6295\u8cc7\u4eba\u61c9\u5c07\u6b64\u8996\u70ba\u4e2d\u570b\u5728\u73fe\u5834\u8cfd\u4e8b\u3001IP \u904b\u71df\u3001AI \u5f37\u5316\u88fd\u4f5c\u8207\u8b8a\u73fe\u65b9\u9762\u7aef\u5230\u7aef\u80fd\u529b\u7684\u4e00\u500b\u66f4\u5ee3\u6cdb\u6a19\u8a18\u2014\u2014\u9019\u4e9b\u80fd\u529b\u6b63\u8d8a\u4f86\u8d8a\u591a\u5730\u5411\u65b0\u8208\u5e02\u5834\u8f38\u51fa\u3002<\/p>\n

\u864e\u7259\u62ff\u4e0b Demacia Cup \u7684\u610f\u7fa9\u8207\u53ef\u958b\u555f\u7684\u6a5f\u6703<\/h3>\n

\u81ea 2014 \u5e74\u63a8\u51fa\u4ee5\u4f86\uff0cDemacia Cup \u9996\u5ea6\u5c07\u4e3b\u8fa6\u6b0a\u6388\u4e88\u7b2c\u4e09\u65b9\u3002\u864e\u7259\u8d0f\u5f97\u4e86\u9019\u9805\u6b0a\u5229\uff0c\u4e26\u6e96\u5099\u5229\u7528\u9019\u500b\u5e73\u53f0\u5728 12 \u6708 15 \u65e5\u81f3 1 \u6708 3 \u65e5\u671f\u9593\uff0c\u5c0d 14 \u652f LPL \u6230\u968a\u52a0\u4e0a\u5169\u652f\u4e3b\u64ad\u968a\u4f0d\u5f15\u5165\u8cfd\u5236\u5275\u65b0\u3001\u76f4\u64ad\u7368\u4f54\u8207\u88fd\u4f5c\u5347\u7d1a\u3002\u9019\u662f\u4e00\u9805\u5c0d\u4e2d\u570b\u96fb\u7af6\u904b\u71df\u6574\u9ad4\u68e7\u7684\u6c7a\u5b9a\u6027\u4fe1\u4efb\u6295\u7968\u3002\u9019\u9805\u6388\u6b0a\u8981\u6c42\u5de5\u696d\u7d1a\u7684\u8996\u983b\u50b3\u8f38\u3001\u7248\u6b0a\u7ba1\u7406\u8207\u5168\u570b\u5c3a\u5ea6\u7684\u54c1\u724c\u6574\u5408\u2014\u2014\u800c\u4e2d\u570b\u7684\u5e73\u53f0\u6b63\u70ba\u6b64\u800c\u5efa\u3002\u9810\u671f\u66f4\u9ad8\u7684\u89c0\u770b\u6642\u9577\u3001\u66f4\u6df1\u5165\u7684\u7c89\u7d72\u6578\u64da\uff0c\u4ee5\u53ca\u570d\u7e5e\u9019\u4e00\u65d7\u8266 IP \u5728\u4e9e\u6d32\u5404\u5730\u6d41\u52d5\u7684\u66f4\u9ad8\u6548\u5ee3\u544a\u8207\u8d0a\u52a9\u5305\u88dd\u3002<\/p>\n

\u653f\u7b56\u9806\u98a8\u8207\u898f\u6a21\u5316\u5e73\u53f0<\/h3>\n

\u4e2d\u570b\u6578\u4f4d\u5a1b\u6a02\u7684\u6210\u9577\u57fa\u65bc\u4e16\u754c\u7d1a\u57fa\u790e\u8a2d\u65bd\u8207\u570d\u7e5e\u5275\u65b0\u53ca\u5148\u9032\u88fd\u9020\u7684\u653f\u7b56\u5ef6\u7e8c\u6027\u3002\u9aa8\u5e79\u2014\u20145G\u3001\u96f2\u7aef\u8207\u96fb\u529b\u53ef\u9760\u6027\u2014\u2014\u4f7f\u9ad8\u5cf0\u76f4\u64ad\u6d41\u91cf\u4e0d\u81f4\u964d\u7d1a\u3002\u4e16\u754c\u4e0a\u6536\u5165\u6700\u9ad8\u7684\u516c\u7528\u4e8b\u696d State Grid \u4ee5\u670d\u52d9\u8d85\u904e\u5341\u5104\u7528\u6236\u7684\u96fb\u7db2\u652f\u6490\u9019\u4e00\u5207\u3002\u518d\u5f80\u4e0a\uff0c\u50cf Tencent\u3001Alibaba\u3001NetEase \u9019\u985e\u5e73\u53f0\u51a0\u8ecd\u5728\u5168\u7403\u5c3a\u5ea6\u5354\u8abf\u5167\u5bb9\u3001\u793e\u4ea4\u8207\u652f\u4ed8\u3002Tencent \u5728 2018 \u5e74\u7a81\u7834 5,000 \u5104\u7f8e\u5143\u4f30\u503c\u5927\u95dc\uff0c\u4e26\u5728 2025 \u5e74\u521d\u5e02\u503c\u63a5\u8fd1 5,940 \u5104\u7f8e\u5143\uff0c\u63d0\u9192\u4eba\u5011\u4e2d\u570b\u6578\u4f4d IP \u5b87\u5b99\u7684\u9632\u79a6\u6027\u73fe\u91d1\u6d41\u3002\u9019\u500b\u9ad4\u7cfb\u5982\u4eca\u6b63\u88ab\u51fa\u53e3\uff1a\u50c5 2024 \u5e74\u4e2d\u570b\u4f01\u696d\u5c31\u5728\u6d77\u5916\u6e05\u6f54\u79d1\u6280\u5c08\u6848\u6295\u5165\u7d04 800 \u5104\u7f8e\u5143\uff0c\u70ba\u6578\u64da\u4e2d\u5fc3\u8207\u7db2\u8def\u5728\u96fb\u7af6\u89c0\u773e\u5feb\u901f\u589e\u9577\u7684\u65b0\u8208\u5e02\u5834\u90e8\u7f72\u63d0\u4f9b\u97cc\u6027\u3002<\/p>\n

\u900f\u904e AI\u3001\u5546\u52d9\u8207\u6df1\u539a IP \u7684\u8b8a\u73fe\u512a\u52e2<\/h3>\n

\u864e\u7259\u7684\u516c\u544a\u51f8\u986f AI \u9a45\u52d5\u7684\u904b\u71df\u8207\u66f4\u5ee3\u6cdb\u7684\u670d\u52d9\u68e7\uff0c\u5305\u62ec\u904a\u6232\u767c\u884c\u3001\u904a\u6232\u5167\u9053\u5177\u92b7\u552e\u8207\u5ee3\u544a\u3002\u9019\u500b\u68e7\u80fd\u5c07\u6ce8\u610f\u529b\u8f49\u70ba\u591a\u5143\u5316\u6536\u5165\uff0c\u540c\u6642\u964d\u4f4e\u7372\u5ba2\u6210\u672c\u3002\u518d\u52a0\u4e0a\u5546\u52d9\u901a\u8def\uff1aAlibaba \u7684\u570b\u969b\u96fb\u5546\u5728 2024 \u5e74\u7b2c\u56db\u5b63\u5e74\u589e 36%\uff0c\u986f\u793a\u8de8\u5883\u7269\u6d41\u8207\u652f\u4ed8\u5c0d\u65bc\u60f3\u8981\u92b7\u552e\u7d66\u4e2d\u570b\u4ee5\u5916\u7c89\u7d72\u7684\u5275\u4f5c\u8005\u8207\u6b0a\u5229\u65b9\u6b63\u8b8a\u5f97\u66f4\u5feb\u4e14\u66f4\u4fbf\u5b9c\u3002\u50cf \u5c0f\u7d05\u66f8 \u9019\u985e\u64c1\u6709\u8d85\u904e 3 \u5104\u6708\u6d3b\u7684\u751f\u6d3b\u65b9\u5f0f\u5e73\u53f0\uff0c\u70ba\u5468\u908a\u5546\u54c1\u8207\u54c1\u724c\u5408\u4f5c\u5275\u9020\u4e0b\u6e38\u9700\u6c42\u3002\u786c\u9ad4\u4e5f\u4e0d\u662f\u74f6\u9838\u2014\u2014Huawei \u5728 2025 \u5e74\u9818\u5148\u4e2d\u570b\u667a\u6167\u578b\u624b\u6a5f\u5e02\u5834\uff0cXiaomi \u7684 Android \u7522\u54c1\u7dda\u6301\u7e8c\u5c07\u884c\u52d5\u904a\u6232\u6027\u80fd\u63a8\u5411\u4e3b\u6d41\u50f9\u683c\u9ede\u3002\u9019\u4fbf\u662f\u570b\u5167\u8cfd\u4e8b\u5982\u4f55\u6210\u70ba\u8de8\u570b\u8b8a\u73fe\u6f0f\u6597\u7684\u65b9\u5f0f\u3002<\/p>\n

\u864e\u7259\u52dd\u5229\u5f8c\u7684\u4e2d\u570b\u6ce8\u610f\u529b\u7d93\u6fdf\u5341\u5927\u80a1\u7968<\/h3>\n

1) HUYA Inc. NYSE: HUYA \u2013 \u50ac\u5316\u5291\uff1a\u6210\u70ba 2025 \u5e74 Demacia Cup \u7684\u9996\u500b\u5916\u90e8\u4e3b\u8fa6\u65b9\u8207\u7368\u5bb6\u76f4\u64ad\u65b9\uff1b\u91cc\u7a0b\u7891\uff1a\u5f9e\u6b0a\u5229\u6301\u6709\u8005\u6b63\u5f0f\u9081\u5411\u5168\u68e7\u8cfd\u4e8b\u4e3b\u8fa6\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u5f37\u5316\u4e2d\u570b\u5c07\u8cfd\u4e8b IP \u8207\u88fd\u4f5c\u6253\u6cd5\u8f38\u51fa\u81f3 SEA \u8207 MENA \u7684\u80fd\u529b\u3002<\/p>\n

2) Tencent Holdings Ltd. HK: 0700, OTC: TCEHY \u2013 \u904a\u6232\u3001\u793e\u4ea4\u8207\u652f\u4ed8\u7684\u6838\u5fc3\u5e73\u53f0\uff1b\u91cc\u7a0b\u7891\uff1a2018 \u5e74\u6210\u70ba\u9996\u5bb6\u5e02\u503c\u8d85\u904e 5,000 \u5104\u7f8e\u5143\u7684\u4e9e\u6d32\u79d1\u6280\u516c\u53f8\uff1b\u5168\u7403\u5f71\u97ff\uff1a2025 \u5e74 3 \u6708\u63a5\u8fd1 5,940 \u5104\u7f8e\u5143\u7684\u5e02\u503c\u51f8\u986f\u5176\u8010\u4e45\u7684\u904a\u6232\u8207\u96fb\u7af6\u73fe\u91d1\u5f15\u64ce\u3002<\/p>\n

3) NetEase Inc. NASDAQ: NTES, HK: 9999 \u2013 PC \u8207\u884c\u52d5\u7aef\u7684\u9ad8\u54c1\u8cea\u5167\u5bb9\u7ba1\u7dda\uff1b\u91cc\u7a0b\u7891\uff1a\u9577\u671f\u7d93\u71df\u4e14\u5177\u91cd\u8907\u6027\u7684 live-ops \u7cfb\u5217\u4f5c\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u7a69\u5b9a\u7684\u6d77\u5916\u4f5c\u54c1\u8207\u5408\u4f5c\u5925\u4f34\u95dc\u4fc2\u8b93\u4e2d\u570b IP \u6301\u7e8c\u5728\u4e9e\u6d32\u6392\u884c\u699c\u4e2d\u4f54\u4f4d\u3002<\/p>\n

4) Bilibili Inc. NASDAQ: BILI, HK: 9626 \u2013 \u8207\u96fb\u7af6\u9ad8\u5ea6\u5951\u5408\u7684 Z \u4e16\u4ee3\u5f71\u7247\u793e\u7fa4\uff1b\u91cc\u7a0b\u7891\uff1a\u5728\u7f8e\u570b\u8207\u9999\u6e2f\u7684\u96d9\u91cd\u4e0a\u5e02\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u5171\u5275\u6a21\u5f0f\u52a0\u6df1\u7c89\u7d72\u53c3\u8207\u4e26\u63a8\u52d5\u570b\u969b IP \u7684\u8d0a\u52a9\u8f49\u5316\u3002<\/p>\n

5) Kuaishou Technology HK: 1024 \u2013 \u5927\u898f\u6a21\u77ed\u5f71\u7247\u8207\u76f4\u64ad\u8b8a\u73fe\uff1b\u91cc\u7a0b\u7891\uff1a\u5efa\u7acb\u8d77\u5168\u7403\u54c1\u724c Kwai\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u5728\u62c9\u4e01\u7f8e\u6d32\u7684\u64f4\u5f35\u70ba\u904a\u6232\u8207\u96fb\u7af6\u5275\u4f5c\u8005\u5e36\u4f86\u984d\u5916\u7684\u5206\u767c\u901a\u8def\u3002<\/p>\n

6) Alibaba Group Holding Ltd. NYSE: BABA, HK: 9988 \u2013 \u5546\u52d9\u3001\u96f2\u7aef\u8207\u5ee3\u544a\u901a\u8def\uff1b\u91cc\u7a0b\u7891\uff1a2024 \u5e74\u7b2c\u56db\u5b63\u570b\u969b\u96fb\u5546\u5e74\u589e 36%\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u8de8\u5883\u7269\u6d41\u8207\u652f\u4ed8\u8b93\u53ef\u8cfc\u8cb7\u7684\u76f4\u64ad\u8207\u8cfd\u4e8b\u5e36\u8ca8\u6210\u70ba\u53ef\u80fd\u3002<\/p>\n

7) iQIYI Inc. NASDAQ: IQ \u2013 \u9577\u5f71\u7247\u5167\u5bb9\u8207\u65e5\u76ca\u589e\u5f37\u7684\u9ad4\u80b2\u8207\u6d3b\u52d5\u88fd\u4f5c\u80fd\u529b\uff1b\u91cc\u7a0b\u7891\uff1a\u9ad8\u7d1a\u6703\u54e1\u57fa\u5730\u64f4\u5f35\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u5408\u62cd\u8207\u6388\u6b0a\u63a8\u52d5\u4e2d\u570b\u5167\u5bb9\u767b\u4e0a\u5168\u7403 OTT \u5e73\u53f0\u3002<\/p>\n

8) Xiaomi Corp. HK: 1810 \u2013 \u652f\u63f4\u884c\u52d5\u904a\u6232\u7684\u88dd\u7f6e\u8207 IoT\uff1b\u91cc\u7a0b\u7891\uff1a\u6a5f\u578b\u7dda\u7684\u9ad8\u7aef\u5316\u8207\u904a\u6232\u512a\u5316\u578b\u865f\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u903e\u767e\u570b\u5e02\u5834\u4f48\u5c40\u964d\u4f4e\u5168\u7403\u884c\u52d5\u96fb\u7af6\u53c3\u8207\u7684\u6469\u64e6\u3002<\/p>\n

9) Kingsoft Corp. HK: 3888 \u2013 \u900f\u904e WPS \u8207 Seasun \u7d44\u6210\u7684\u751f\u7522\u529b\u8207\u904a\u6232\u68e7\uff1b\u91cc\u7a0b\u7891\uff1aWPS Office \u5728\u570b\u969b\u5e02\u5834\u7684\u63a1\u7528\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u8edf\u9ad4\u8207\u96f2\u7aef\u76f8\u9130\u670d\u52d9\u652f\u63f4\u5275\u4f5c\u8005\u5de5\u4f5c\u6d41\u7a0b\u8207\u73fe\u5834\u88fd\u4f5c\u3002<\/p>\n

10) Perfect World Co. SZ: 002624 \u2013 \u5177\u96fb\u7af6\u9023\u7d50\u7684\u904a\u6232\u958b\u767c\u5546\u8207\u71df\u904b\u5546\uff1b\u91cc\u7a0b\u7891\uff1a\u5c0d\u570b\u969b\u4f5c\u54c1\u5728\u4e2d\u570b\u5e02\u5834\u7684\u9577\u671f\u7d93\u71df\uff1b\u5168\u7403\u5f71\u97ff\uff1a\u900f\u904e\u53d7\u8a8d\u53ef\u7684 IP \u5c07\u4e2d\u570b\u8cfd\u4e8b\u8207\u5168\u7403\u7c89\u7d72\u57fa\u790e\u63a5\u8ecc\u3002<\/p>\n

\u7368\u5bb6\u6b0a\u5229\u5c0d\u5b9a\u50f9\u529b\u8207\u6bdb\u5229\u7387\u7684\u610f\u7fa9<\/h3>\n

\u7368\u5bb6\u76f4\u64ad\u6b0a\u5c07\u89c0\u773e\u8207\u6578\u64da\u96c6\u4e2d\u5728\u55ae\u4e00\u5e73\u53f0\uff0c\u5275\u9020\u66f4\u9ad8\u5ee3\u544a CPM \u8207\u66f4\u4f73\u8d0a\u52a9\u5b9a\u50f9\u7684\u689d\u4ef6\u3002\u864e\u7259\u5728\u8cfd\u524d\u3001\u8cfd\u4e2d\u8207\u8cfd\u5f8c\u7684\u7b2c\u4e00\u65b9\u6578\u64da\u8b93\u5176\u80fd\u6d1e\u5bdf\u5c0d\u5ee3\u544a\u4e3b\u91cd\u8981\u7684\u610f\u5411\u8a0a\u865f\uff1a\u968a\u4f0d\u504f\u597d\u3001\u89c0\u770b\u6642\u9577\u8207\u904a\u6232\u5167\u9053\u5177\u7684\u8f49\u5316\u7387\u3002\u5c07\u904a\u6232\u5167\u9053\u5177\u92b7\u552e\u8207\u54c1\u724c\u7f6e\u5165\u548c\u806f\u76df\u5546\u52d9\u6346\u7d81\uff0c\u80fd\u628a\u5b63\u7bc0\u6027\u8cfd\u4e8b\u8f49\u70ba\u5168\u5e74\u6301\u7e8c\u7684\u6536\u5165\u4f86\u6e90\u3002\u6bcf\u4e00\u9805\u6f38\u9032\u7684\u8cfd\u5236\u5275\u65b0\u2014\u2014\u9802\u7d1a\u5275\u4f5c\u8005\u7684\u540c\u64ad\u898f\u5247\u3001\u4e92\u52d5\u6295\u7968\u3001\u53ef\u8cfc\u8cb7\u7684\u758a\u5716\u4ecb\u9762\u2014\u2014\u90fd\u6703\u8f49\u5316\u70ba\u6bcf\u4f4d\u7528\u6236\u66f4\u9ad8\u7684\u7d42\u8eab\u50f9\u503c\u3002\u6295\u8cc7\u4eba\u61c9\u95dc\u6ce8 Demacia Cup \u7bc0\u76ee\u5468\u908a\u7684 ARPU \u63d0\u5347\u8207\u8d0a\u52a9\u5546\u7559\u5b58\u7387\u3002<\/p>\n

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