Chinese Concept Stocks | Dada Signs Privatization Deal with JD, iQIYI VP Resigns Amid Stock Buybacks and Expansions

On April 1st, Eastern Time (Tuesday), the three major U.S. stock indices showed mixed results. The S&P 500 increased by 0.38%, closing at 5633.07 points; the Dow Jones decreased by 0.03%, closing at 41989.96 points; and the Nasdaq increased by 0.87%, closing at 17449.89 points.

On April 1st, the Nasdaq Golden Dragon China Index rose by 0.50%.

Regarding popular Chinese concept stocks, NetEase rose by 3.33%, Pinduoduo by 3.25%, TSMC by 1.58%, NIO by 1.44%, XPeng by 1.16%, JD.com by 0.49%, Alibaba by 0.40%, Bilibili fell by 0.63%, and Baidu fell by 0.44%.

Companies experiencing consecutive increases include: LightInTheBox with a recent increase of 12.50% over 8 consecutive days and a cumulative increase of 120.59%; Jiayuda with a recent increase of 3.64% over 6 days and a cumulative increase of 63.32%; Q-Song with a recent increase of 63.68% over 6 days and a cumulative increase of 143.70%; Zhongchi Cheryfu with a recent increase of 10.50% over 5 days and a cumulative increase of 11.11%; Ascentage Pharma with a recent increase of 4.97% over 4 days and a cumulative increase of 25.42%; Yipin Weike with a recent increase of 3.67% over 4 days and a cumulative increase of 4.74%; Oriental Culture with a recent increase of 9.00% over 4 days and a cumulative increase of 123.09%; and Tongcheng Tongmei with a recent increase of 11.97% over 4 days and a cumulative increase of 28.26%.

Companies experiencing consecutive decreases include: Jinko Solar with a recent decrease of 0.70% over 9 consecutive days and a cumulative decrease of 22.10%; Burning Rock Biotech with a recent decrease of 3.55% over 8 days and a cumulative decrease of 24.65%; Pony.ai with a recent decrease of 10.54% over 6 days and a cumulative decrease of 40.27%; Lotus Technology with a recent decrease of 0.63% over 6 days and a cumulative decrease of 27.40%; Sohu with a recent decrease of 0.68% over 6 days and a cumulative decrease of 7.30%; Ebang International with a recent decrease of 0.78% over 6 days and a cumulative decrease of 11.16%; Fuze Financial Technology Group with a recent decrease of 5.12% over 6 days and a cumulative decrease of 20.09%; and Mingda Jiahe with a recent decrease of 1.43% over 6 days and a cumulative decrease of 10.57%.

Dada: Signs Definitive Agreement with JD.com for Privatization, ADS to be Cancelled
Dada announced that it has signed an agreement and plan of merger with its parent company JD Sunflower Investment Limited and its wholly-owned subsidiary JD Sunflower Merger Sub Limited. Merger Sub will merge into Dada, making Dada the surviving company and a wholly-owned subsidiary of the parent company, fully owned by JD.com. Upon the effective date of the merger, Dada's ADS will be cancelled. The transaction was unanimously approved by Dada's special committee of the board and is expected to be completed in the second quarter of 2025.

iQIYI Senior Vice President He Yunpeng to Resign and Transition to Senior Business Consultant
iQIYI Senior Vice President He Yunpeng will resign soon. After his resignation, the gaming business under his responsibility will be overseen by Yang Xianghua, President of iQIYI Film and Overseas Business Group. According to iQIYI's official response, due to personal academic needs, He Yunpeng will no longer continue in his current role and will transition to a senior business consultant to continue providing professional support for the gaming business. The business will be managed by Yang Xianghua.

Yum China Repurchases 46,500 Shares for $2.4 Million on March 31
On March 31, Yum China repurchased 46,500 shares for $2.4 million.

Alibaba Repurchases 607,200 Shares for $9.98 Million on March 31
On March 31, Alibaba repurchased 607,200 shares for $9.98 million.

National Astronomical Observatories and Alibaba Cloud Release First International Solar Model
The National Astronomical Observatories and Alibaba Cloud released the first international solar model called "Jinwu," based on Alibaba's Tongyi Qianwen series open-source models. It currently achieves an accuracy rate of over 91% for M5-class solar flare forecasts, the highest level for such forecasts.

Largest Syndicated Loan for Flying Cars: XPeng Huitian Receives 1.26 Billion Yuan Loan
XPeng Huitian signed agreements with the China Construction Bank, Agricultural Bank of China, China CITIC Bank, Bank of China, and Industrial Bank, with the five banks jointly providing a syndicated loan of 1.26 billion yuan to support the construction of XPeng Huitian's flying car manufacturing base. China Construction Bank, Agricultural Bank of China, and China CITIC Bank are the joint lead banks for this loan. This is currently the largest syndicated loan globally for flying car production.

Li Auto: Delivers 36,674 Vehicles in March, a 26.5% Year-on-Year Increase
Li Auto announced that in March 2025, it delivered 36,674 new cars, representing a 26.5% year-on-year increase. The total deliveries for the first quarter of 2025 reached 92,864 vehicles, a year-on-year increase of 15.5%. As of March 31, 2025, Li Auto's total historical deliveries amounted to 1,226,736 vehicles.

Wang Xingxing: News of Ant Group and China Mobile Planning to Invest in Yushu Technology is False
On April 1st, media reported that robot unicorn company Yushu Technology plans to introduce new investors, including Ant Group and China Mobile. However, insiders stated that this financing is not a complete new round and is open to specific investors for a small portion of shares. Yushu Technology founder Wang Xingxing responded that "the news is false."

McDonald's Launches on JD Delivery in Beijing and Shanghai, Surpassing 20,000 Orders Per Day Within a Week
On April 1st, it was reported that some McDonald's stores in Beijing and Shanghai launched on JD Delivery for testing on March 27th, with orders rapidly increasing. Within less than a week, the daily order volume for McDonald's on JD Delivery in these regions exceeded 20,000 orders. According to estimates, this order level is comparable to McDonald's order volume on other delivery platforms. Previously, JD's official Weibo announced a "limited-time $30 meal subsidy and free delivery" event for McDonald's in Beijing and Shanghai.

Li Auto Attempts to Adjust Sales Team
Facing the sales target of 700,000 units this year, Li Auto is attempting to adjust its sales team. A significant change is the implementation of a "battle zone system," adjusting the original 26 "battle zones" into five large "battle zones" for the east, west, south, north, and central regions. Each "battle zone" is responsible for its own sales, profits, and NPS, with each leader reporting to Li Auto's Senior Vice President of Sales and Services, Zou Liangjun. Additionally, Li Auto's adjustments include the decentralization of most functions related to sales and sales operations to regional levels and the establishment of a "training academy."

Ant Group and China Mobile Plan to Invest in Yushu Technology
It was reported that Yushu Technology, a robot unicorn company, plans to introduce new investors, including Ant Group and China Mobile. Insiders stated that this financing is not a complete new round and is open to specific investors for a small portion of shares. Negotiations between Ant and Yushu have been ongoing for a long time, with the financing valuation not increasing compared to 8 billion yuan. An FA (financial advisor) close to Yushu Technology stated that the financing valuation is below 10 billion yuan.

Tuniu's "AI Assistant Xiaoniu" Goes Live
On April 1st, Tuniu Travel Network's self-developed "AI Assistant Xiaoniu" travel application went live on the Tuniu Travel APP and the "AI Assistant Xiaoniu" mini-program. "AI Assistant Xiaoniu" combines travel vertical application scenarios with open-source models (DeepSeek, Tongyi Qianwen) to provide quick query and booking services for flights, hotels, and train tickets, offering intelligent travel service plans for users.

YY CEO Li Le: Strengthening Collaboration with Baidu Ecosystem, Increasing Investment in Products, Technology, and Content
From March 31 to April 1, the 2025 YY Live Ecosystem Conference was held in Guangzhou. On February 25th, Baidu announced an agreement with Huya Group to acquire YY, concluding a four-year acquisition process and making YY a part of Baidu Group. YY CEO Li Le stated at the conference that YY, now officially integrated into Baidu, still carries the responsibility as a content provider for Baidu's mobile ecosystem, deepening collaboration with Baidu's ecosystem and becoming an indispensable part of it. In the future, YY will increase investment in product technology and content development. AI is Baidu's strategic focus, and YY, as the most important component of Baidu in the live broadcast field, needs to assume the responsibility of applying AI in live broadcasts. YY will also engage in more cooperation and resource sharing with Baidu's ecosystem companies and departments.

Trip.com Officially Launches 3-Day "Accompanying Child Leave"
According to the "Trip.com Blackboard" WeChat public account, on April 1st, Trip.com Group officially launched the "Accompanying Child Leave," offering employees an annual three-day paid leave to accompany their children. Employees with children aged 18 or below can apply for this leave. This policy is expected to benefit over 10,000 employees worldwide.

XPeng Huitian Receives 1.26 Billion Yuan Syndicated Loan from Five Major Banks
XPeng Huitian recently signed agreements with China Construction Bank, Agricultural Bank of China, China CITIC Bank, Bank of China, and Industrial Bank, with the five banks jointly providing a syndicated loan of 1.26 billion yuan to support the construction of XPeng Huitian's flying car manufacturing base. China Construction Bank, Agricultural Bank of China, and China CITIC Bank are the joint lead banks for this loan. According to founder Zhao Deli, the construction of the mass production factory for XPeng Huitian's "land carrier" flying car is progressing smoothly.

XPeng Motors' First Factory Tour Project to Open in Zhaoqing, Expected to Open for Reservations in June
During the XPeng MONA M03 hundred-thousandth unit rollout event, XP