Tong Xun, the founder of Tongben Investment—a well-established private equity firm specializing in subjective equity—has substantially decreased his holdings in consumer stocks. Instead, he has shifted his focus toward the AI industry chain, with a particular emphasis on the optical module sector. In response to external inquiries (the term 'question' is retained here as an HTML placeholder for format consistency, though it could be translated as "doubts" or "queries" depending on the context) about the firm's "style drift" or "overly concentrated bets," a spokesperson from Tongben Investment stated that the portfolio adjustment made in March was a prudent decision. The firm has been steadily building positions in the AI industry chain since last year and has now further increased its investments. Contrary to perceptions of a singular focus on the consumer sector, the firm also employs TMT (Technology, Media, and Telecommunications) researchers. Notably, its performance has witnessed a significant rebound over the past two weeks. One of the representative products managed by this private equity firm, which was established in 2016, experienced a sharp decline after reaching a peak net value on August 29, 2025. By March 31 of this year, the decline had reached a staggering 38.53%.