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建议你先去看看北上广深高德扫街榜榜单推得那几个货色

互联网周思考：“战火”烧至到店业务

评论本地生活竞争延续至到店业务。我们预计进入4 季度后，本地生活的竞争或将从外卖业务进一步延展至到店业务，但考虑到到店业务仍为增量市场，各方投入加大亦有望推动行业渗透率进一步提升。风险宏观环境及国际关系不确定性，监管政策风险，行业竞争加剧。

互联网周思考：“战火”烧至到店业务

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月发放版号总数同增20%，供给进一步释放，游戏公司对新游上线的进程拥有更多的支配权和决定权，重点新游几乎不再因版号供给问题而掣肘。从需求侧看，我们认为，用户对于娱乐内容的消费需求依然旺盛——1）GaaS类<a href=\"https://laohu8.com/S/001324\">长青</a>游戏依赖玩法迭代、社区等特性能够进一步打开用户空间（如近期《梦幻西游》畅玩服PC端最高在线人数达315 万）、挖掘游戏商业化潜力，但考验游戏团队运营迭代能力，头部游戏大厂进展更为积极；2）用户对于热门垂类赛道及创新玩法仍有追求，因此亦存在不少非绝对头部大厂的优质作品跑赢并兑现业绩——如<a href=\"https://laohu8.com/S/002558\">巨人网络</a>《超自然行动》（恐怖冒险“搜打撤”）、点点互动《无尽冬日》（冰雪生存SLG）等。</p><p>估值与建议</p><p>我们维持相关覆盖个股盈利预测、估值和评级。</p><p>风险</p><p>宏观环境及国际关系不确定性，监管政策风险，行业竞争加剧。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>互联网周思考：“战火”烧至到店业务</title>\n<style 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href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025091410312697907cd8&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB  LE EQUITY \"A\" (USD) ACC","LU0132412106.USD":"abrdn SICAV I - EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1583":"高瓴概念","LU1807302812.USD":"UBS (LUX) EQUITY SICAV 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