Chinese Concept Stocks | Nasdaq Golden Dragon Index Soars, Leading Chinese Firms Surge

On September 19th (Thursday), Eastern Time, all three major U.S. stock indices rose by more than 1%. The S&P 500 index increased by 1.70% to 5713.64 points, the Dow Jones index rose by 1.26% to 42025.19 points, and the Nasdaq index climbed 2.51% to 18013.98 points.

On September 19th, the Nasdaq Golden Dragon China Index rose by 4.15%.

Among popular Chinese stocks, XPeng Motors rose by 8.85%, NIO increased by 7.37%, JD.com went up by 6.76%, Bilibili rose by 6.41%, TSMC increased by 5.27%, Alibaba went up by 4.80%, NetEase rose by 3.60%, Baidu increased by 2.78%, and Pinduoduo climbed by 1.78%.

In terms of continuously rising Chinese stocks, Bit Origin increased by 1.08% over 9 consecutive days with a cumulative rise of 66.67%. Cheche Technology rose by 0.50% over 8 days with a cumulative rise of 33.33%. Aurora increased by 8.05% over 7 days with a cumulative rise of 28.46%. Ehang grew by 1.43% over 6 days with a cumulative rise of 13.15%. DouYu increased by 2.34% over 5 days with a cumulative rise of 9.19%. Baozun E-commerce rose by 0.38% over 5 days with a cumulative rise of 9.50%. I-Mab increased by 1.83% over 5 days with a cumulative rise of 6.73%. Bright Scholar rose by 1.28% over 5 days with a cumulative rise of 9.72%. PatSnap increased by 2.81% over 5 days with a cumulative rise of 7.56%.

In terms of continuously falling Chinese stocks, Nature's Sunshine Products decreased by 4.16% over 7 consecutive days with a cumulative decline of 88.96%. Senmiao Technology fell by 2.54% over 6 days with a cumulative decline of 20.69%. LightInTheBox fell by 0.85% over 5 days with a cumulative decline of 31.74%. Haitong Securities decreased by 0.85% over 5 days with a cumulative decline of 7.05%. Nengchain Tech fell by 1.18% over 5 days with a cumulative decline of 8.74%.

Vipshop: CTO Tao Feng Resigns for Personal Reasons
Vipshop announced that Tao Feng, the company's Chief Technology Officer, has resigned for personal reasons and will serve until September 27, 2024. Mike Li has been appointed as the new CTO, effective September 19, 2024.

Alibaba: Repurchased 5.6776 Million Shares on September 18 at the NYSE
Alibaba repurchased 5.6776 million shares on September 18 at the New York Stock Exchange, spending approximately $59.9772 million.

Acquisition of Audi's Brussels Plant? NIO Has No Comment
In response to reports about plans to acquire Audi's plant in Belgium, NIO stated that it currently has no comment. Recently, it was reported that NIO is in talks to acquire Audi's plant in Brussels, Belgium, and will make an offer to the Volkswagen Group by next Monday. This factory is Audi's first electric vehicle plant, mainly producing the Audi Q8 e-tron. Due to sluggish sales, Audi plans to restructure the Brussels plant, which has been idle since early September. Earlier reports also mentioned that Audi is seeking new investors for the plant.

XPeng Huitian's "Land Carrier" Aircraft Enters Airworthiness Review Stage
According to XPeng Huitian, on the morning of September 19, the first Type Certification Board (TCB) meeting for the X3-F model aircraft, internally codenamed X3-F, was held in Guangzhou, marking the entry of the X3-F into the airworthiness review stage.

Yu Minhong Steps Down as Legal Representative of New Oriental's Cultural and Tourism Subsidiary
According to Tianyancha App, Beijing New Oriental Wowyou International Travel Co., Ltd. has changed its legal representative, with Yu Minhong stepping down and Yang Zhihui taking over. Yu Minhong remains the chairman of the company. The company, established in July this year with a registered capital of 5 million RMB, operates in tourism, conference and exhibition services, camping site services, cultural and artistic exchange activities, and ticket agency services. The company's equity penetration chart shows it is wholly owned by Beijing New Oriental Wokaide International Education Travel Co., Ltd., a wholly-owned subsidiary of Beijing New Oriental Culture and Tourism Co., Ltd. Notably, Yu Minhong recently stepped down as the legal representative of both Beijing New Oriental Culture and Tourism Co., Ltd. and Beijing New Oriental Wokaide International Education Travel Co., Ltd., with Yang Zhihui taking over in both cases.

He Xiaopeng Unveils "World's First AI Car" at 2024 Yunqi Conference
On September 19, XPeng Motors' Chairman He Xiaopeng showcased the "world's first AI car," the P7+, at the 2024 Yunqi Conference. He Xiaopeng stated that they will continue to deepen AI computing power collaboration with Alibaba Cloud to accelerate the implementation of end-to-end large models.

TSMC Expanding SoIC Capacity, Monthly Capacity to Jump to 4,000-5,000 Wafers by Year-End
Industry sources indicate that due to strong demand from four major customers, TSMC is fully expanding its SoIC capacity, with monthly capacity expected to jump from about 2,000 wafers by the end of 2023 to 4,000-5,000 wafers, potentially reaching over 8,000 wafers by 2025 and doubling again by 2026 to meet the strong future demand for AI and HPC.