海外有腾讯控股、美团点评、阅文集团、哔哩哔哩、心动公司、祖龙娱乐、创梦天地、中手游、IGG、猫眼娱乐、第七大道等。5G 概念有号百控股、顺网科技、梦网集团、风语筑；游戏板块电魂网络、宝通科技、昆仑万维、姚记科技、惠程科技、凯撒文化、金科文化、恺英网络、冰川网络、中青宝等；影视上海电影、中国电影、鹿港文化等；其他有新华网、人民网、中文在线、值得买、华凯创意、三人行、紫天科技、中南传媒、锋尚文化等。

2013年至2015年期间，4G技术应用带来TMT板块牛市，以传媒、计算机为代表的TMT行业显著跑赢其他行业，我们再次以全球视角看今年5G应用发展，受疫情等多种因素影响，进度整体低于预期。但我们也看到多维助力因素正在汇集，预计2021年5G应用有望迎来爆发。此外，本文中深度挖掘传媒板块细分赛道的隐形冠军，这类公司往往已建立自己的竞争壁垒，并且估值不高，安全边际较高，行业发展短期也比较稳定，后期有望享受一定超额收益，希望为投资者提供参考.

3Q2 收入超一致预期，用户数快速增长。公司 3Q20 收入 32.3 亿（yoy+73.5%），指引上限为31 亿元；毛利达到7.62 亿元（yoy+117%），毛利率23.6%（yoy+4.7pcts）。Non-GAAP 归母净亏损达到9.7 亿。平均月活跃用户数达1.97 亿人（ yoy+54% ）， 移动端平均月活达1.84 亿yoy+61%），平均日活跃用户数为5330 万（yoy+42%），平均月付费用户数约1500 万（yoy+89%

Veterinary software meets the requirements of veterinary professionals beyond the practice management optimization. Veterinary software functionality ranges from offering integrations to animal clinics and hospitals, maintaining a drug database for veterinary-focused pharmacies to consult, streamlining and ensuring industry compliance, and offering tools that support client engagement. Veterinary software creates efficiency and productivity within any part of animal-focused care delivery so veterinary professionals can emphasis on their work. Veterinary software are available as stand-alone software or are built to integrate with or supplement veterinary practice management software.

The report provides market dynamics and trends related to the global surrogacy market. In addition, it presents estimations and forecast of the market. The study estimates the revenue generated from the IVF and IUI procedures. The cost of insurance, medicines, and price paid to the surrogate are not considered while calculating the revenue. The valuations comprise revenue generated from surrogacy procedures such as intrauterine insemination (IUI) and IVF with and without intracytoplasmic sperm injection (ICSI). This report, however, does not consider revenues generated by fertility medications and costs of other medication involved in surrogacy procedure.

11 月12 日，拼多多发布了2020Q3 业绩：2020Q3，公司实现收入142.10 亿元，同比+89.1%；Non-GAAP 归属净利润为4.66 亿，单季首次实现盈利，全面超出市场预期。

2020 年11 月15 日，涵盖东盟10 国与中日韩澳新5 国《区域全面经济伙伴关系协定》（RCEP）正式签署。RCEP 目前是全球规模最大的自贸协定：成员国人口23 亿，占世界人口近三成；2019 年GDP25.6 万亿美元，占全球经济比重达29.3%；区域内贸易额10.4 万亿美元，占全球贸易总额的27.4%。此协定对跨境电商行业意义重大。

我们回顾1960年以来的各种科技巨头的垄断事件，每家科技巨头市值当时受到较大影响，但长期看市值依然跑赢指数（IBM除外）。且每次反垄断事件后，都没有明显影响科技IPO，融资等节奏。

Patient centric applications are tools that enable connection between practitioners, patients, and their families ensuring appropriate decision making for respective patients. These apps are developed considering the needs and preferences of patients to manage their health effectively. Thus, increasing the quality and efficiency of wellness management, and disease as well as treatment management. Rise in transition from institution centric to patient centric care integrating electronic communication at all levels has increased the adoption of patientcentric apps across the healthcare industry. A well-designed patient care application has the ability to enhance the quality and efficiency of healthcare by assisting patients in managing their health in a better manner.