2018年，中国网络文学市场规模总计达153.5亿元，保持稳步增长。从2018年开始往后几年，优质内容开始处于一个新的积累时期，市场增长量逐渐放缓。行业进一步的兼并整合及各网络文学核心企业对自身丰富内容库的持续开发和变现，也推动了版权业务营收占比高速增长。

政策、网络购物高速增长及消费升级等因素驱动品牌电商服务市场快速发展，2018年，中国品牌电商服务市场规模达到1613.4亿元，保持45.7%的高速增长，品牌电商服务市场规模在经历快速增长期之后呈现稳健增长，增速有所放缓。

创新模式对产业链双向赋能，促进了库存电商行业的发展：库存电商S2b2C类分销平台的快速发展主要是因为，平台一方面提高了品牌商的库存周转效率，一方面解决了小b端人群的经营痛点，另一方面迎合了低线城市人群消费升级的需求。

政策、网络购物高速增长及消费升级等因素驱动品牌电商服务市场快速发展，2018年，中国品牌电商服务市场规模达到1613.4亿元，保持45.7%的高速增长，品牌电商服务市场规模在经历快速增长期之后呈现稳健增长，增速有所放缓。

Edge computing is a planned approach of computing for IoT environments, which provides IT resources such as computing power and storage capacity, to the data producing devices and sensors. The data processing in edge computing takes place at the edge of the network, which further helps in reducing the low-latency problems.

Fintech is an emerging technology that aims at automating and enhancing distribution and usage of financial services. Fintech aids business owners, companies, and consumers to successfully accomplish their financial operations through the application of specialized software and algorithms that are used on computers and other mobile devices.

A subscriber identification module (SIM) is an integrated circuit (IC) that is designed to securely store the international mobile subscriber identity (IMSI) number and its related key, which are used for identification and authentication of subscribers on mobile telephony devices (such as smartphones, tablets, non-smartphones, and computers), and their respective cellular networks. SIM cards are used on both GSM phones and newer LTE-capable handsets

Blockchain is a technology is a sequence of blocks or groups of transactions that are chained together as a distributed database and runs across a global network of independent computers. Blockchain is an incorruptible digital ledger or acts as an open ledger for economic transactions such that every transaction on the network is recorded and available in shared format. This technology consists of immutable record of transactions and eliminates the need to rely on external authority and to transfer information, between organizations through activities such as e-mails and spreadsheets, which makes it seamless for supply chain applications. Supply chain consists of huge amount of data from raw material gathering to manufacturing to distribution, whereas blockchain provides three key capabilities that enable disrupted supply chain management at all levels, including decentralization, immutable, and transparency.

The global utility and energy analytics market is segmented by deployment mode, type, application, and region. Several deployment modes comprise of cloud, on-premise, and hybrid. By type, the market is segmented into software and services, where the software segment comprises of risk analytics, logistics analytics, smart grid analytics, asset optimization analytics, predictive analytics, and many others. The various services offered can be categorized into professional services and managed services. • Based on application, the utility and energy analytics market is segmented into meter operation, load forecasting, demand response, distribution planning, and other such applications.

Artificial intelligence (AI) has been the most progressive technologies since its introduction in the 1950s. It is associated with human intelligence characteristics such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of such technology. It is positioned as the core of the next-generation software technologies in the market. The AI chip market has witnessed significant growth over the years, owing to increase in efforts to make more human-like robots and rise in rate of deployments in the developing regions.

The global digital gaming market is one of the most thriving sectors in the global media and entertainment industry. The market is forecast to experience significant expansion, at a CAGR of 15.7%, and will reach USD 264.9 Bn by 2023 The mobile gaming segment is the largest, having generated USD 45.2 Bn in 2017, followed by console and PC games The overall market trend shows a shift from brick and mortar stores towards more digital purchases

Mobile services are the principal source of revenue for the Russian telecoms industry, accounting for 55% of the total revenue. In 2017, the number of mobile telephone subscriptions declined for the first time in over ten years, falling by 0.8% y/y to 227.3mn as penetration went down to 157.9 subscriptions per 100 inhabitants from 159.2 in 2016. Preliminary figures showed the downward trend continued into 2018. Revenues from mobile telecommunication services fell for the fourth straight year in 2017, declining by 10.7% y/y to RUB 492.7bn. Mobile phone operators have been forced to cut prices to retain customers in a mature market. Voice and texting generate the bulk of the segment’s revenue. According to Minkomsvyaz, the aggregate voice traffic of Russian mobile operators was 455.8bn minutes in 2017, up 1% from 2016.

截止到 2019 年 6 月 17 日申万通信板块上涨 18.5%，涨跌幅排名在申万 28个行业分类中排名 9，同时机构持股数量逐渐上升。目前通信行业估值接近历史底部区域，随着 5G 建设逐渐临近，板块的估值有望提升。目前行业的估值为 36.4 倍，远低于最高值的 157 倍，随着 5G 牌照发放开启我国商用元年，未来 5G 建设订单相继落地，有望开启戴维斯双击。

受到运营商年初公布的 5G 资本开支低于预期、美国对华为科技禁令以及5G 牌照提前发放等一系列影响，2019 年初至今，通信（中信）指数收益为 23.72%，沪深 300 指数为 29.11%，创业板指数为 24.01%，通信板块走势弱于沪深 300 指数，略弱于科创板。细分来看，物联网的行情表现最佳，平均涨幅达到 67.1%，无线端和网络规划的行情表现次之，平均涨幅分别为 42.7%和 33.2%。