Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 2.27% Amid Mixed Performance of Chinese Stocks

On February 18th (Tuesday), Eastern Time, the three major U.S. stock indexes closed higher collectively. The S&P 500 Index rose by 0.24% to close at 6129.58 points; the Dow Jones Index increased by 0.02% to close at 44556.34 points; and the Nasdaq Index climbed by 0.07% to close at 20041.26 points.

On February 14th, the Nasdaq Golden Dragon China Index increased by 2.27%.

Regarding popular Chinese stocks, XPeng Motors rose by 4.92%, Pinduoduo by 3.46%, Alibaba by 1.80%, NetEase by 1.09%, while Baidu fell by 7.51%, JD.com by 5.97%, Bilibili by 5.37%, NIO by 1.69%, and TSMC by 0.61%.

In the category of continuously rising Chinese stocks, Best Group increased by 0.36% over 13 consecutive days, accumulating a rise of 2.95% during this period. Alibaba rose by 1.74% over 8 consecutive days, with a total increase of 27.82%; Pinduoduo by 3.46% over 8 days, accumulating a rise of 16.63%; GDS Holdings by 4.16% over 8 days, with a total rise of 57.11%; Atour Lifestyle by 3.77% over 8 days, accumulating a rise of 22.17%; Autohome by 0.86% over 8 days, with a total increase of 11.29%; and Pintec by 3.42% over 8 days, accumulating a rise of 20.28%.

As for continuously falling Chinese stocks, Cango fell by 3.04% over 5 consecutive days, with a total decline of 14.40% during this period. Uxin Technology dropped by 8.04% over 5 days, accumulating a decline of 23.63%; Aurora Mobile by 0.59% over 5 days, with a total drop of 10.58%; Xinhuiyun by 2.26% over 5 days, with a total decrease of 10.96%; Blue Hat by 12.10% over 4 days, accumulating a decline of 39.91%; Huaxia BoYa by 1.57% over 4 days, with a total decrease of 17.22%; Sanyun Intelligence by 7.96% over 4 days, accumulating a decline of 20.87%; Youpin Car by 13.61% over 4 days, with a total drop of 20.65%; Zhengkang International by 10.10% over 4 days, accumulating a decline of 20.54%; Sanyuan Technology by 4.21% over 4 days, with a total decrease of 10.56%; and Natural Health by 6.06% over 4 days, accumulating a decline of 20.06%.

Blizzard President Johanna Faries visited China for the first time and dined with the NetEase team. On the occasion of her first year in office, Blizzard President Johanna Faries recently visited China for the first time and had dinner with the NetEase team. During this visit, she mainly visited Shanghai to communicate with the Blizzard China team and will next visit Hangzhou to meet with the NetEase team and celebrate the re-launch of "Overwatch" with players and influencers. After resuming cooperation with NetEase, Blizzard and NetEase have already launched two national server games, "World of Warcraft" and "Hearthstone". On February 19th, the third game, "Overwatch," will officially return to the national server.

Robin Li: Baidu Wenku AI functionality reached 94 million monthly active users, with subscription revenue growing 21% year-on-year. On the evening of February 18th, during Baidu's Q4 2024 and full-year earnings call, Baidu founder Robin Li stated that in the fourth quarter, Baidu Wenku's subscription revenue grew 21% year-on-year; in December, Baidu Wenku AI's monthly active users reached 94 million, about double the previous quarter.

Baidu: Fourth-quarter revenue was 34.1 billion yuan, with an average daily API call volume of 1.65 billion for the Wenxin model. Baidu released its fourth-quarter 2024 earnings report: revenue was 34.1 billion yuan, down 2% year-on-year, compared to the market estimate of 33.39 billion yuan; adjusted net profit was 6.7 billion yuan. For the entire year of 2024, total revenue was 133.1 billion yuan, with adjusted net profit at 27 billion yuan. In December, the average daily API call volume processed by the Wenxin series model reached 1.65 billion, with external API call volume growing 178% sequentially. Baidu's co-founder and CEO Robin Li expressed confidence that investments in artificial intelligence will yield greater results in 2025.

NetEase Cloud Music deeply integrates the DeepSeek-R1 large model. Reporters learned from NetEase Cloud Music that its "Music Podcast Generation Tool" and "Dialogue Podcast Generation Tool" for creators have completed full capability integration with the domestically-developed open-source large model DeepSeek-R1. NetEase Cloud Music stated that it will integrate its own AI technology capabilities based on the DeepSeek-R1 model to explore various fields such as intelligent song recommendations, music information search, musician creation assistance, user song customization, and long-form audio content generation, as well as social scenario innovation.

Baidu's Wenxin large model achieves an average daily call volume of 1.65 billion and plans to release version 4.5 and open source it. Baidu released its fourth-quarter 2024 and full-year earnings report. The report shows that the Wenxin large model achieved an average daily call volume of 1.65 billion times, a 33-fold increase from last year's 50 million times. Public information indicates that Baidu will launch the Wenxin large model 4.5 series in the coming months and plans to officially open source it by June 30th. In December 2024, Baidu Wenku AI's monthly active users reached 94 million, a 216% year-on-year increase and an 83% sequential growth. Public information shows that Baidu Wenku has over 40 million paying users, ranking second globally and first in China.

iQIYI's fourth-quarter revenue declined by 14% year-on-year. iQIYI's fourth-quarter revenue was 6.61 billion yuan, down 14% year-on-year.

Baidu: Fourth-quarter 2024 revenue was 34.1 billion yuan, a 2% increase year-on-year. Baidu Group announced that its fourth-quarter 2024 revenue was 34.1 billion yuan, a 2% year-on-year increase, compared to the estimated 33.39 billion yuan; fourth-quarter adjusted EBITDA was 6.95 billion yuan. Adjusted earnings per ADS for the fourth quarter were 19.18 yuan, compared to an estimate of 14.13 yuan. iQIYI's revenue was 6.6 billion yuan, compared to an estimate of 6.84 billion yuan. Baidu's 2024 revenue was 133.1 billion yuan, with a Q4 growth rate of 26% for its intelligent cloud. Baidu believes that investments in artificial intelligence will drive significant progress, expecting more substantial returns from AI investments in 2025.

JD.com responds to "launching ride-hailing aggregation service": Integrated third-party ride-hailing service in 2022, no promotion plans yet. Recently, the JD.com app launched the "domestic ride-hailing service," where users can search for "ride-hailing" on the homepage to find the "domestic ride-hailing service" option. Upon entering the "Easy Enterprise Travel" mini-program, users can choose domestic real-time, reservation, and airport transfer ride-hailing services, covering four types of vehicles: standard, comfortable, business, and luxury. Providers include ride-hailing platforms such as CaoCao, Feidi, Yangguang, Xinghui, ShouQi Enjoy, and AA Economy, with prices close to those of economical ride-hailing services like Gaode and Didi, allowing simultaneous calls for all vehicle types. When asked about this ride-hailing aggregation service, JD.com officially responded that the JD.com app integrated a third-party ride-hailing service in 2022, with no promotion plans currently.

Li Auto reorganizes at the beginning of the year: President Donghui Ma appointed as head of smart car strategy, while Li Xiang shifts focus to AI. Multiple sources have revealed that Li Auto's highest decision-making body, the Strategy Committee, has approved the "Smart Car Strategy Closed-loop Management Plan." The decision is for President Donghui Ma to serve as the head of the smart car strategy, responsible for planning and executing strategic objectives related to the smart car business. Organizationally, to support Donghui Ma in conducting related business, the Strategy Committee decided to appoint Donghui Ma as the chairman of the "Production, Supply, and Marketing Liaison Meeting." The previous chairman of the Liaison Meeting was Li Xiang, chairman, and CEO of Li Auto. "The core logic of the adjustment is that the decision-making level believes the automotive business has matured relatively, and the pure electric product is basically formed. Li Xiang needs to free up energy to focus on AI," said the source.

Yunsai Zhilian: Revenue generated from cooperation with Alibaba Cloud and Tencent Cloud in 2023 accounted for about 1% of the company's revenue. Yunsai Zhilian issued a stock trading risk warning announcement. The company's main business includes cloud services and big data, industry solutions, and intelligent products. The company has cooperation with Alibaba Cloud and Tencent Cloud in cloud service business, including jointly providing services to customers with both companies. In 2023, the company's revenue from cloud service cooperation with the above companies accounted for about 1% of the company's revenue, with no significant impact on the company's performance. There were no significant changes in the cooperation in 2024.

Shiji Information: The company has business cooperation with Alibaba Cloud. Shiji Information stated on an interactive platform that Taobao (China) Software Co., Ltd., a subsidiary of Alibaba, holds 13.02% of the company's shares. As an information system solution provider for the hotel, catering, retail, leisure, and entertainment industries, the company has direct technical cooperation with Alibaba in hotel, catering, retail, payment, and other fields, and also has business cooperation with Alibaba Cloud.

JD.com launches "domestic ride-hailing service"? Customer service: A cooperation project with other companies, no self-launched ride-hailing service yet. Reporters noticed that the JD.com app recently launched the "domestic ride-hailing service," and users can search for "ride-hailing" on the homepage to find the "domestic ride-hailing service" option. Clicking on this option, users will enter a mini-program called "Easy Enterprise Travel," where they can choose domestic real-time, reservation, and airport transfer ride-hailing services, with vehicle types covering standard, comfortable, business, and luxury, integrating ride-hailing platforms such as CaoCao, Feidi, and Yangguang. In response, JD.com customer service stated that the "domestic ride-hailing service" within the JD.com app is a cooperation project between JD.com and Easy Enterprise Travel, and the specific situation of the service cannot be queried for now. Currently, the JD.com platform has not independently launched its own ride-hailing service. Public information shows that Shanghai Tujing Information