Chinese Concept Stocks | NIO and XPeng Lead Gains as Nasdaq China Index Rises 1.73%

On April 11, Eastern Time (Friday), all three major U.S. stock indexes rose by more than 1%. The S&P 500 increased by 1.81%, closing at 5363.36 points; the Dow Jones Industrial Average rose by 1.56%, closing at 40212.71 points; and the Nasdaq Composite went up by 2.06%, closing at 16724.46 points.

On April 11, the Nasdaq Golden Dragon China Index rose by 1.73%. In terms of popular Chinese stocks, NIO rose by 7.01%, Baidu by 5.43%, NetEase by 5.36%, Bilibili by 4.77%, TSMC by 3.95%, Alibaba by 3.46%, Pinduoduo by 2.43%, JD.com by 2.36%, and XPeng Motors by 11.35%.

For consistently rising Chinese stocks, Future Vision increased by 0.10% over 10 consecutive days with a cumulative increase of 0.29%. Qudian rose by 3.49% over 4 consecutive days with a cumulative increase of 9.72%. Jiuzi New Energy increased by 6.21% over 4 consecutive days with a cumulative increase of 100.38%. GD Culture Group rose by 6.83% over 4 consecutive days with a cumulative increase of 30.39%. Huiyang New Energy increased by 2.22% over 4 consecutive days with a cumulative increase of 4.55%. Mogu Street rose by 0.98% over 4 consecutive days with a cumulative increase of 9.57%. Euronet Instruments rose by 2.61% over 4 consecutive days with a cumulative increase of 15.69%. Jinxuan Group increased by 1.77% over 4 consecutive days with a cumulative increase of 13.86%.

For consistently declining Chinese stocks, Burning Rock Biotech decreased by 0.81% over 16 consecutive days with a cumulative decrease of 47.74%. Jiayin Group fell by 1.37% over 7 consecutive days with a cumulative decrease of 29.44%. WalkMed decreased by 5.10% over 7 consecutive days with a cumulative decrease of 35.63%. Sohu fell by 7.92% over 6 consecutive days with a cumulative decrease of 33.73%. Taihe Cheng Medical decreased by 1.95% over 6 consecutive days with a cumulative decrease of 10.67%.

The Shanghai Stock Exchange disclosed that the Southern GDS Center Closed-End Infrastructure Securities Investment Fund project has received feedback. The project's type is an infrastructure public REITs, being offered for the first time. The original equity holder is GDS Holdings Limited.

Hema announced the formal opening of a 24-hour green entry channel for foreign trade enterprises, starting immediately, in order to help them expand into the domestic market. Hema offers efficient logistics and supply chain support, and collaborates on innovative private label products. Hema welcomes foreign trade enterprises in categories such as home goods, outdoor sports, pets, beauty, maternity, and elderly care. A special "foreign trade zone" will be launched later.

JD.com announced a 200 billion yuan plan to support export-to-domestic sales. Over the next year, JD.com will purchase at least 200 billion yuan worth of export-to-domestic products to help foreign trade enterprises quickly expand into the domestic market. Many foreign trade enterprises have strong production capabilities and high-quality products but face challenges in understanding the domestic market and lack operational experience. JD.com will work closely with the Ministry of Commerce and local governments to support these enterprises through various forms of business matchmaking. Leveraging its self-operated model and supply chain capabilities, JD.com will deploy a professional team on-site to directly purchase high-quality products from foreign trade enterprises and set up a special zone for premium foreign trade products. JD.com will provide traffic support, all-channel marketing support, intensive training, increased subsidies, and other resources to help merchants quickly expand in the domestic market. JD.com aims to offer customers more "high-quality and affordable" foreign trade products and contribute to the expansion and upgrading of domestic consumption.

NetEase Cloud Music recently launched new features such as the "Shengu Mode" player and "Colorful Skin" decorations to provide users with a more cool and colorful visual experience while listening to music. NetEase Cloud Music will continue to create practical and beautiful product design experiences to meet different user needs, offering more high-quality feature options.

Alibaba Cloud's Shadow released the country's first cloud computer service supporting the MCP protocol: AgentBay. Developers can use Shadow AgentBay to generate a dedicated Agent runtime environment in the cloud with one click, dynamically calling cloud computing power, storage, and toolchain resources, significantly breaking through the computing power limitations of Agents on local devices.

On April 8, United Imaging Microelectronics, a subsidiary of United Imaging Group, signed strategic agreements with Tmall Health and JD.com to fully integrate resources, leverage advantages, and jointly build a new medical-grade hearing rehabilitation ecosystem offering "medical-grade products + medical-grade services."

Li Auto announced that the Li MEGA Ultra Intelligent Driving Upgrade Edition will be officially unveiled at the Shanghai Auto Show on the 23rd of this month, with the price remaining at 529,800 yuan. At the Shanghai Auto Show, Li Auto will also release a special version of the Li MEGA called the Li MEGA Home Family Edition. Both models will begin delivery in May and are available for pre-order starting today.

Pinduoduo's overseas e-commerce platform Temu has surpassed the local market's Allegro.eu to become the most visited e-commerce platform in Poland. According to research company Gemius Mediapanel, in March, Temu had 18.1 million actual users of mobile applications in Poland, compared to Allegro's 17.8 million, marking the first time Allegro was overtaken by a competitor. Allegro's customers spent twice as much time on its website and mobile applications as Temu's customers.

On April 11, JD.com announced that JD Takeaway has fully launched its billion-yuan subsidy, planning to invest over 100 billion yuan within a year. Specific offers include a takeaway subsidy of up to 20 yuan that everyone can draw, available all day without time restrictions, and 100,000 "Billion-Yuan Subsidy Coupons" available every day at 10 a.m. and 8 p.m.