Recently, I revisited the different segments of the Chinese meme sector, and a few clear directions have emerged:

At the top is the "Life" series, whose market cap supports the entire sector, and everyone is eyeing spot opportunities. In the internet IP space, there are two main contenders: "Hakimi" is considered to have the strongest community consensus and is also a spot play; "Vulgar Penguin" is second, but more people are engaging with it through contracts.

There's also a unique angle—the customer service culture narrative. Projects like "Customer Service Xiao He," "Success Upon Arrival," "Cultivation," and "Big Yellow" are all leaning into this concept, which is quite interesting. In the animal-themed narratives, "Little Little" has been gaining traction, and many are waiting for alpha signals.

Overall, the Chinese meme sector is no longer just throwing things at the wall—each project is seeking differentiated stories and building community foundations.