Group 1 - The net buying of stocks by southbound funds includes Alibaba-W at 4.38 billion, Tencent Holdings at 0.929 billion, Pop Mart at 0.642 billion, Hua Hong Semiconductor at 0.401 billion, Kangfang Biotech at 0.225 billion, and Yaojie Ankang-B at 0.18 billion, while net selling includes Meituan-W at 1.682 billion, 3SBio at 0.294 billion, UBTECH at 0.228 billion, and Bilibili-W at 0.138 billion [1] - Southbound funds have continuously net bought Alibaba for 16 days, totaling 41.52389 billion HKD, while net selling Meituan for 4 days, totaling 2.70959 billion HKD [3] Group 2 - Alibaba and Baidu have started using self-designed chips to train their AI models, partially replacing chips produced by Nvidia. Alibaba's Tongyi Qianwen has released the next-generation foundational model architecture Qwen3-Next and open-sourced the Qwen3-Next-80B-A3B series model based on this architecture [4] - Pop Mart has launched its first gold series products under its jewelry brand popop, with the most expensive item being a gold ornament weighing approximately 41 grams, priced over 56,000 RMB. The price of the gold series products will not fluctuate with gold prices but will vary based on craftsmanship, with prices per gram mainly concentrated between 1,300 to 1,700 RMB [4] - Yaojie Ankang's stock price has surged over 18 times since its IPO price of 13.15 HKD in less than three months. The company announced that its core product, Tengrutin combined with Fulvestrant, has received clinical implied approval from the National Medical Products Administration of China for a Phase II clinical trial for recurrent or metastatic breast cancer [4] Group 3 - Meituan is considering issuing dim sum bonds, with multiple investment banks gauging fixed-income investors' interest in potential offshore RMB bonds. Discussions are still in the preliminary stages regarding details such as term, scale, and issuance timing [5] - If successfully priced, this will be Meituan's first issuance of dim sum bonds. Meituan has a 750 million USD bond with a 2.125% coupon maturing on October 28. Last September, Meituan raised a total of 2.5 billion USD through the issuance of two USD bonds [6]