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The Lunar New Year holiday is approaching! Film stocks on the Hong Kong stock market are responding positively, with ALI PICTURES rising over 5%.
① What measures has the government implemented to boost consumer spending in the film industry? ② How do the institutions view the film market in 2025?
GF Securities: Digital scenarios continue to penetrate combined with technology-driven, Internet plus-related begins to search for new growth points
Internet-related companies are beginning to search for new growth points, different from the past blindly contracting and cost reduction, in the future may invest reasonably, actively embrace new changes. Business models continue to evolve iteratively, go global, and AI.
We Like These Underlying Return On Capital Trends At NetEase Cloud Music (HKG:9899)
Netease Cloud Music and QQ Music are "quarreling" again, who actually "plagiarized" whom?
① Netease Cloud Music publicly urged QQ Music to stop its plagiaristic "innovation". ② The dispute between the two major domestic online music platforms has lasted for years, reflecting the increasingly intense competition among online music platforms today.
[Hong Kong Stock Connect] Netease Cloud Music (09899) posted on weibo requesting QQ Music to stop the plagiaristic "innovation".
Jinwu Financial News | Netease Cloud Music (09899) publicly addressed QQ Music on Weibo, demanding that QQ Music immediately cease its plagiaristic "innovation," derivative "creativity," and following-style "updates." Netease Cloud Music announced that its music player DIY feature would launch on October 25, allowing users to upload images to personalize the player interface. On November 19, Netease Cloud Music introduced the first "Vinyl Style Creative Contest" themed around this feature. On November 23, QQ Music launched a highly similar "player customization feature." Netease Cloud Music also reviewed in detail QQ Music's actions in recent years in its statement.
Netease Cloud Music clashes with QQ Music: "Plagiarism" is written all over the screen.
① Netease Cloud Music calls out to QQ Music: "Less follow-up 'updates', more real innovation." ② Netease Cloud Music published an article detailing the accusations against QQ Music in recent years for "imitating" and copying Netease Cloud Music's vinyl playback page, share with friends feature, and Palace Museum themed player.
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