Chinese Concept Stocks | Alibaba Reportedly Interested in DeepSeek Investment Amid Market Fluctuations

On February 19th, Eastern Time (Wednesday), the three major U.S. stock indices collectively closed higher. The S&P 500 Index rose 0.24%, closing at 6,144.15 points; the Dow Jones Index increased by 0.16%, closing at 44,627.59 points; the Nasdaq Index climbed 0.07%, closing at 20,056.25 points.

On February 18th, the Nasdaq Golden Dragon China Index fell by 1.28%.

Among popular Chinese stocks, XPeng Motors rose by 2.95%, JD.com increased by 0.72%, NIO gained 0.57%, Pinduoduo dropped by 3.14%, Baidu declined by 2.36%, Bilibili decreased by 2.31%, Taiwan Semiconductor Manufacturing Company (TSMC) fell by 0.90%, Alibaba decreased by 0.88%, and NetEase dropped by 0.44%.

GDS Holdings rose by 5.49%, marking a nine-day consecutive increase, with a cumulative gain of 65.74% during this period. Atour Lifestyle Holdings increased by 0.66% over nine days, achieving a cumulative gain of 22.97%. PINTEC Technology Holdings went up by 0.31% over nine days, with a cumulative gain of 20.65%. Microvast Holdings rose by 3.14% over seven days, with a cumulative gain of 43.75%. Jiayin Group increased by 3.46% over seven days, with a cumulative gain of 22.89%.

Cango Inc. dropped by 1.12%, marking a six-day consecutive decrease, with a cumulative loss of 15.36% during this period. Uxin Limited fell by 12.99% over six days, with a cumulative loss of 33.55%. Aurora Mobile Limited decreased by 3.83% over six days, with a cumulative loss of 14.00%. Starry Group Holdings decreased by 1.65% over six days, with a cumulative loss of 12.43%. China Boqi Environmental (Holding) Co., Ltd. fell by 2.80% over five days, with a cumulative loss of 19.54%. SunCar Technology Group Inc. decreased by 0.05% over five days, with a cumulative loss of 20.91%. Nature's Sunshine Products, Inc. fell by 3.61% over five days, with a cumulative loss of 22.95%.

Alibaba Reportedly Interested in Investing in DeepSeek, No Official Response Yet
On the evening of February 19th, it was reported that DeepSeek is considering raising external funds for the first time. According to insiders, Alibaba has expressed interest in investing in DeepSeek. When asked for confirmation, Alibaba has not yet responded by the time of reporting. This is not the first time rumors have surfaced about Alibaba's interest in investing in DeepSeek. On February 7th, there were reports that Alibaba planned to invest $1 billion at a valuation of $10 billion, acquiring a 10% stake in DeepSeek, with discussions ongoing regarding the execution details. Alibaba Group Vice President Yan Qiao previously dismissed these reports as false.

Idle Fish's AI Products Now Cover 10.2 Million Users
On February 19th, Idle Fish announced the latest data on its AI products. The "Idle Fish AI Intelligent Body" has now reached 10.2 million users. Among them, the core product, AI Intelligent Publishing, is used by over 200,000 people daily, with a user adoption rate of 85% after multiple model optimizations. The AI intelligent hosting service, which has been in testing for less than half a year, has achieved nearly 200 million RMB in sales.

Ant Group Enters the Field of Embodied Intelligence, Orbbec Responds to Cooperation
Orbbec-UW shares rose sharply after the opening, frequently hitting the limit-up during trading. According to Ant Group's recruitment website, the company has opened several positions related to embodied intelligence from December last year to February this year. When contacted as an investor about supplying Ant Group, Orbbec staff confirmed that the company provides biometric products (such as facial recognition payment products) to Ant Group. When asked about supplying humanoid robot products, the staff member stated they were not very familiar with the matter. Orbbec provides various types of 3D vision sensors and visual perception solutions, such as monocular/binocular structured light, LiDAR, and iToF, for robots including humanoid robots and robotic dogs.

Xpeng Huitian Flying Car Company Increases Capital to 650 Million RMB
According to the Aiqicha App, Guangzhou Huitian Flying Car Manufacturing Co., Ltd. recently underwent a business registration change, increasing its registered capital from 500 million RMB to 650 million RMB, a 30% increase. The equity penetration chart shows that the company is wholly owned by Guangdong Huitian Flying Car Co., Ltd., which is a wholly-owned subsidiary of XPeng Motors' HT Flying Car (Hong Kong) Limited.

XPeng Motors CEO He Xiaopeng: 15,000 XPeng MONA M03 Units Sold in January
XPeng Motors CEO He Xiaopeng announced that 15,000 units of the XPeng MONA M03 were sold in January.

Ant Group Developing Its Own Intelligent Robots? Company Responds
Recently, job listings have shown that Ant Group is recruiting for positions related to embodied intelligent humanoid robot systems and applications. According to insiders, the recruitment is for Shanghai Ant Linbo Technology Co., Ltd., a company registered at the end of 2024 with a registered capital of 100 million RMB. "Ant is indeed working on embodied intelligence," said the insider. In response, Ant Group confirmed that it established Shanghai Ant Linbo Technology Co., Ltd. last year to focus on embodied intelligence technology and product development. Ant Group is continuously investing in AI.

JD App Taxi Service Entry Closed, Yiqi Travel: Temporarily Closed for Internal Adjustment
On February 19th, reporters discovered that the taxi service entry previously available on the JD App had been closed. Previously, JD App launched a "domestic taxi service," allowing users to search for "taxi" on the JD App homepage to access the "domestic taxi service" section and use the Yiqi Travel mini-program for real-time, reservation, and airport transfer services. In response, Yiqi Travel's customer service stated, "Due to internal adjustments, the taxi service on the JD App is temporarily closed and will be available again later, but the exact time is unknown."

JD Taxi Service Entry Closed, Yiqi Travel: Internal Adjustment, Re-launch Date Undetermined
The JD App previously launched a "domestic taxi service," but reporters discovered that the entry had been closed when searching for the service today. Yiqi Travel staff confirmed that the closure was due to internal adjustments, and the service may be paused for some time before being re-launched, with no specific notification on the timeline. Previously, users could search for "taxi" on the JD App homepage, and the "domestic taxi service" option would appear. After clicking, users could access the Yiqi Travel mini-program for real-time, reservation, and airport transfer services, covering ordinary, comfortable, business, and luxury car models, connected to online ride-hailing platforms such as Cao Cao, Feidi, and Sunshine.

Alibaba Cloud Mexico Data Center Officially Opens
On February 19th, Alibaba Cloud announced the official opening of its Mexico data center, the first data center in the Latin American region. This data center will provide products and services to Chinese outbound enterprises and local customers. The initial products launched at the Alibaba Cloud Mexico data center include core cloud computing capabilities such as elastic computing, cloud storage, network services, and container technology, with prices lower than other mainstream international cloud providers to meet the rapid demand for cloud services across various industries in the Latin American market. In the future, Alibaba Cloud will continue to increase its investment in ecosystem and service system construction in the local market.

JD: Social Insurance and Housing Fund for Food Delivery Riders
Starting March 1, 2025, JD will gradually pay social insurance and housing fund for full-time JD food delivery riders and provide accidental and health medical insurance for part-time riders. After becoming the first platform to pay social insurance and housing fund for courier personnel, JD is once again setting a precedent by paying these benefits for food delivery riders. JD is committed to working with all sectors of society to promote and continuously improve the protection of delivery riders' rights and interests.