Group 1 - OpenAI has tightened regulations on its AI video generation application Sora to prevent deepfake content, collaborating with actor Bryan Cranston and the SAG-AFTRA union [1] - As of October 20, 2025, the CSI Online Consumption Theme Index (931481) rose by 1.47%, with notable increases in stocks such as Bilibili-W (6.88%) and Kuaishou-W (3.04%) [1] - The CSI Online Consumption ETF (159793) increased by 1.60%, reaching a latest price of 1.08 yuan, and has seen a cumulative rise of 10.95% over the past three months [1] Group 2 - As of September 30, 2025, the top ten weighted stocks in the CSI Online Consumption Theme Index accounted for 55.76% of the index, including Alibaba-W, Tencent Holdings, and Kuaishou-W [2] - The weight and performance of key stocks in the index include Tencent Holdings (1.35%), Alibaba-W (3.03%), and Meituan-W (1.60%) [4]

Core Insights - The China Securities Index for online consumption (931481) has seen a slight decline of 0.25% as of October 15, 2025, with mixed performance among constituent stocks [1] - The online consumption ETF (159793) has increased by 0.75%, reaching a price of 1.07 yuan, and has shown a cumulative increase of 15.42% over the past three months [1] - The index comprises 50 listed companies from mainland China and Hong Kong, focusing on sectors such as online shopping, digital entertainment, online education, and telemedicine [1] Summary by Category Index Performance - The online consumption theme index (931481) decreased by 0.25% as of October 15, 2025 [1] - The online consumption ETF (159793) rose by 0.75%, with a latest price of 1.07 yuan [1] - Over the last three months, the ETF has accumulated a growth of 15.42% [1] Constituent Stocks - Leading gainers include Bilibili-W (09626) up by 3.49%, Yonghui Supermarket (601933) up by 2.07%, and Miniso (09896) up by 1.86% [1] - Major decliners include Gibit (603444) down by 9.99%, Giant Network (002558) down by 4.33%, and Zhonggong Education (002607) down by 2.79% [1] Top Weighted Stocks - As of September 30, 2025, the top ten weighted stocks in the index account for 55.76% of the total weight, including Alibaba-W (09988), Tencent Holdings (00700), and Kuaishou-W (01024) [2] - The weight distribution among the top stocks includes Tencent Holdings at 9.65%, Alibaba-W at 9.25%, and Meituan-W at 8.37% [4]