Mulan Investment's latest research report on Zhong Shouyou (0302.HK) points out that the company aims to penetrate the new RWA capital market through the tokenization of its rare IP assets (Xianjian global IP authorization); its self-developed Web3 payment tool CMGEPay can effectively support the promotion revenue of the official game website, improve the game's gross profit margin, and build an efficient, low-cost payment infrastructure for Chinese games going global; in addition, the Web3 esports platform KKFun Esports is committed to creating a highly engaged overseas user community through on-chain fair competition and social gameplay.