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IPX is another prime example of this principle. The company does not primarily sell a service; it builds and nurtures characters and stories (its IP) and then monetizes them across thousands of products, animations, and collaborations. The "Minnie Animation Series," a 3D non-verbal animation released globally, was shown exclusively on Tencent platforms, showcasing a direct synergy between IPX's creative output and TME's distribution might. The string "ipx982720m4v" might represent one of these exact files—a piece of IPX's animated content, encoded in a protected format, flowing through Tencent's networks.

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