Chinese Concept Stocks | Nasdaq China Golden Dragon Index Rises 0.39%, XPeng Soars 6.66%, JD Up 2.25%

On August 27th (Tuesday) Eastern Time, the three major U.S. stock indexes collectively closed higher, with the S&P 500 index up 0.16%, closing at 5625.80 points; the Dow Jones index up 0.02%, closing at 41250.50 points; and the Nasdaq index up 0.16%, closing at 17754.82 points.

On August 27th, the Nasdaq Golden Dragon China Index rose by 0.39%. Hot Chinese concept stocks showed mixed results: XPeng Motors rose 6.66%, JD.com rose 2.25%, Bilibili rose 1.47%, NetEase rose 1.26%, TSMC rose 0.89%, Pinduoduo fell 4.09%, Baidu fell 1.62%, NIO fell 0.50%, and Alibaba fell 0.36%.

【Chinese Stocks on a Winning Streak】
Meihua International rose by 33.33% for 9 consecutive days, with a cumulative increase of 73.64% during the period. Huakin Holding rose by 1.80% for 7 consecutive days, with a cumulative increase of 42.68% during the period. Honliv Group rose by 4.30% for 7 consecutive days, with a cumulative increase of 32.88% during the period. Zai Lab rose by 1.58% for 6 consecutive days, with a cumulative increase of 13.77% during the period. Viomi Technology rose by 2.19% for 5 consecutive days, with a cumulative increase of 29.86% during the period. China Liberal Education Holdings rose by 10.47% for 5 consecutive days, with a cumulative increase of 33.18% during the period.
【Chinese Stocks on a Losing Streak】
Yatsen Holding fell by 1.92% for 8 consecutive days, with a cumulative decrease of 19.05% during the period. X3 Holdings fell by 9.84% for 6 consecutive days, with a cumulative decrease of 25.65% during the period. Nisun International Enterprise fell by 5.14% for 5 consecutive days, with a cumulative decrease of 18.99% during the period. Melco Resorts & Entertainment fell by 1.10% for 4 consecutive days, with a cumulative decrease of 4.08% during the period. iQIYI fell by 2.38% for 4 consecutive days, with a cumulative decrease of 26.62% during the period. Agora fell by 0.48% for 4 consecutive days, with a cumulative decrease of 9.17% during the period. Baijiayun Group fell by 9.00% for 4 consecutive days, with a cumulative decrease of 26.87% during the period. Huize Holding fell by 2.61% for 4 consecutive days, with a cumulative decrease of 11.43% during the period. MKDWELL Tech fell by 6.87% for 4 consecutive days, with a cumulative decrease of 18.12% during the period. Yunji fell by 5.66% for 4 consecutive days, with a cumulative decrease of 21.50% during the period. Sunshine Guojian Pharmaceutical fell by 4.56% for 4 consecutive days, with a cumulative decrease of 18.32% during the period. Ucommune International fell by 1.28% for 4 consecutive days, with a cumulative decrease of 4.35% during the period.
【Chinese Concept Stock News】

He Xiaopeng: XPeng will not consider making phones, only automotive accessories
At today's XPeng 10th Anniversary Love Night and XPeng MONA M03 launch event, XPeng Motors Chairman and CEO He Xiaopeng, XPeng's autonomous driving head Li Liyun, and XPeng MONA series product head Yang Guang were interviewed by the media. At the launch event, XPeng MONA M03 introduced several accessories, including an adjustable head and neck pillow with memory foam lumbar support, ice crystal sunshade, armrest fragrance storage box, and a plug-and-play dashboard. When asked whether XPeng would consider making phones like other car companies such as NIO, He Xiaopeng stated that XPeng would not consider making phones and will only focus on automotive peripherals.
Yang Guang of XPeng Motors: The goal for MONA M03 is to sell over 10,000 units per month
At today's XPeng 10th Anniversary Love Night and XPeng MONA M03 launch event, XPeng Motors Chairman and CEO He Xiaopeng, XPeng's autonomous driving head Li Liyun, and XPeng MONA M03 product manager Yang Guang were interviewed by the media. Yang Guang stated that the goal for the MONA M03 is to sell over 10,000 units per month, with even higher targets in the future. Additional models are also under development.
XPeng MONA M03 price announced: starting at 119,800 RMB
On the evening of August 27th, XPeng Motors Chairman He Xiaopeng announced at the new car launch event that the XPeng MONA M03 is officially launched, offering three versions with a starting price of 119,800 RMB. The M03Max version will begin delivery after the 2025 Chinese New Year.
Dongfang Zhenxuan: We have never charged so-called "publicity fees" from local governments
Dongfang Zhenxuan issued a clarification statement saying that the funds listed in Dongfang Zhenxuan's financial report are not "publicity fees" charged to local cultural and tourism departments but are legal and compliant tax subsidies. These include subsidies applied for by the "Yuhui Group" company (which have been transferred to the Yuhui Group account). Since July 2022, Dongfang Zhenxuan has held provincial-level outdoor live broadcast events in 23 provinces, autonomous regions, and municipalities in China. During this period, Dongfang Zhenxuan has never charged local governments any so-called "publicity fees" and has not charged any companies or merchants any "slot fees".
He Xiaopeng: In the next 10 years, there will only be 7 mainstream car brands left in China, and selling 1 million AI cars annually will be the ticket to the final competition
On the evening of August 27th, at today's XPeng 10th Anniversary Love Night and XPeng MONA M03 launch event, XPeng Motors Chairman and CEO He Xiaopeng delivered a speech. He stated that no one can beat the trend, such as the decline of feature phones, the downturn of fuel vehicles, and the rise of the AI wave. He believes that the decline of fuel vehicles in China will accelerate. XPeng positions itself as an explorer of future mobility and a global AI car company. He also predicted that in the next 10 years, China may only have 7 mainstream car brands left; in the next 10 years, selling 1 million AI cars annually will be the ticket to the final competition; in the next 10 years, half of XPeng's sales will come from overseas. XPeng's international strategy is to start from Europe, with a focus on technology, bringing China's intelligence to the world.
JD.com: Will implement a stock repurchase plan of up to $5 billion within the next 36 months
JD.com: Will implement a stock repurchase plan of up to $5 billion within the next 36 months.
BeiGene's BGB-16673 receives FDA Fast Track designation for treating CLL/SLL
On August 27th, BeiGene announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to BGB-16673 for the treatment of adult patients with relapsed/refractory CLL/SLL who have received at least two prior lines of therapy, including a BTK inhibitor and a BCL2 inhibitor. BGB-16673 is an oral, targeted BTK investigational chimeric degrader activating compound (CDAC). BGB-16673 is the first investigational drug from BeiGene's CDAC platform. The company claims that BGB-16673 is currently the fastest progressing BTK degrader in clinical development.
BeiGene: First-half revenue totals $1.6808 billion, up approximately 61.1% year-over-year
BeiGene announced on the Hong Kong Stock Exchange that its total revenue for the first half of 2024 was $1.6808 billion, up approximately 61.1% year-over-year; net loss was $371.6 million, compared to a net loss of $729.6 million in the same period last year.