| 【行业研究】软件 & IT服务 - 关注产业链协同发展布局的投资机会 |
| 【Company Research】iQIYI (IQ US) - 3Q25 preview: increasing investment in quality content |
| 【Company Research】Futu Holdings (FUTU US) - Pioneered one-stop financial services platform to ride on crypto advancements; Initiate BUY |
| 【Company Research】Baidu (BIDU US) - 3Q25 preview: expecting inline results and more updates from new businesses |
| 【Company Research】J&T Express (1519 HK) - Parcel growth in SEA further accelerated in 3Q25 |
| 【Company Research】JD.com (JD US) - Core JD Retail earnings growth likely better than expectation |
| 【行业研究】中国医药 - 回调带来抄底机会 |
| 【公司研究】中国生物制药 (1177 HK) - PDE3/4抑制剂 II期临床数据亮眼，市场潜力巨大 |
| 【Company Research】Alibaba (BABA US) - Quick commerce investment peaked out; accelerating AI adoption |
| 【Sector Research】Capital Goods - HDT sales +82% YoY in Sep |
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