Chinese Concept Stocks | Alibaba and Baidu Surge as Nasdaq Golden Dragon Index Rises 1.34%

On February 10th, Eastern Time (Monday), the three major U.S. stock indexes collectively closed higher. The S&P 500 index rose by 0.67%, closing at 6066.44 points; the Dow Jones index increased by 0.38%, closing at 44470.41 points; and the Nasdaq index climbed by 0.98%, closing at 19714.27 points.

On February 7th, the Nasdaq Golden Dragon China Index rose by 1.34%.

Among popular Chinese concept stocks, Alibaba rose by 7.55%, Baidu by 5.07%, JD.com by 4.98%, NIO by 2.01%, Pinduoduo by 1.81%, TSMC by 0.86%, NetEase by 0.73%, XPeng fell by 1.54%, and Bilibili dropped by 0.92%.

Companies with consecutive gains include 21Vianet at 15.22% over 6 days with a total gain of 48.78%, Weibo at 1.39% over 6 days with a total gain of 11.10%, and SF Express at 2.45% over 6 days with a total gain of 8.85%. Other notable companies include Nisun International at 12.61% over 6 days with a total gain of 33.61%, ZTO Express at 2.24% over 5 days with a total gain of 6.67%, and EHang at 0.49% over 5 days with a total gain of 22.83%, among others.

Meanwhile, companies with consecutive losses include XChange at -10.91% over 6 days with a total loss of -30.16%, Tianyan Pharmaceutical at -1.16% over 5 days with a total loss of -10.99%, and Sany Technology at -0.38% over 5 days with a total loss of -8.01%. Other notable companies include Next Technology at -0.81% over 5 days with a total loss of -13.99%, Lotus Technology at -6.46% over 4 days with a total loss of -11.83%, and Shengda Technology at -0.42% over 4 days with a total loss of -53.98%, among others.

Dong Yuhui Withdraws from Shareholders, Changes to Indirect Shareholding
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OpenAI Plans to Outsource AI Chip Manufacturing to TSMC by First Half of 2025
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Dong Yuhui Changes from Direct to Indirect Shareholding
Recently, Beijing Tianyancha App showed that Beijing Yuhui Tongxing Technology Co., Ltd. underwent an industrial change. The original sole shareholder Dong Yuhui withdrew from the shareholder list, and the newly added shareholder, Zisan Sheng (Beijing) Technology Co., Ltd., fully acquired the shares. Dong Yuhui's shareholding changed from direct to indirect. Dong Yuhui remains the ultimate beneficiary of the company. An internal representative from the company stated, "This is normal business development. Thank you for your concern."

JD Cloud Intelligence Service GCS Integrates DeepSeek, Starting at 1.89 RMB Per Hour
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Didi Mileage Members Partner with Huazhu Club to Launch Joint Membership
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TSMC January Sales Reach 293.29 Billion TWD, Up 35.9% Year-on-Year
TSMC's sales in January reached 293.29 billion TWD, marking a year-on-year increase of 35.9%.

Li Bin: This Year is a Major Year for NIO's Battery Swap Station Construction
NIO's founder, chairman, and CEO Li Bin stated that this year marks a significant year for NIO's battery swap station construction, aiming to provide users of NIO, Le Tao, and partner car brands with an electric charging experience as convenient as refueling. The trend of battery swapping is improving, with Shanghai's swap station nearing profitability. He hopes various industries will join in as the widespread adoption of new energy requires the cooperation of the entire society.

Xpeng to Launch Smart Driving Insurance
According to informed sources, Xpeng Motors, utilizing its long-term accumulated smart driving technology and user data, will soon collaborate with leading insurance institutions to launch customized smart driving insurance products. The product will cover core functions such as city/highway navigation assisted driving (NOA) and automatic parking, focusing on resolving user liability and safety assurance issues during smart driving usage. The smart driving insurance product benefits may be linked to user smart driving mileage, usage time, and other data.