Group 1 - Shein is reportedly considering relocating its headquarters back to China to pave the way for a Hong Kong IPO, with discussions still in preliminary stages and no confirmation on the move [2] - Pop Mart reported a revenue of 13.88 billion yuan for the first half of 2025, representing a year-on-year growth of 204.4%, with adjusted net profit reaching 4.71 billion yuan, up 362.8% [2] - Alibaba's Tongyi Qianwen launched a new image editing model, Qwen-Image-Edit, which enhances the text rendering capabilities of its original Qwen-Image model for precise editing of text in images [2] Group 2 - CITIC Securities indicated a recovery point in the user-side energy storage market, with a gradual market rebound and concentration, while high-growth new markets continue to emerge, suggesting a return to steady growth in global installations [3] - The commercial storage sector is benefiting from increased policy support, decreasing system costs, and maturing business models, which are expected to lead to significant growth [3] - Recommendations include focusing on high-quality niche leaders with market-leading capabilities, comprehensive product systems, and efficient execution [4]