Chinese Concept Stocks | Alibaba Completes HK$12 Billion Zero-Coupon Bond Issuance Amid Nasdaq China Index Slide

On July 9 (Wednesday), Eastern Time, the three major US stock indexes collectively closed higher, with the S&P 500 index up 0.61% to 6263.26 points; the Dow Jones index up 0.49% to 44458.30 points; and the Nasdaq index up 0.94% to 20611.34 points.

On July 9, the Nasdaq Golden Dragon China Index fell 1.11%.

Among popular Chinese concept stocks, Taiwan Semiconductor rose 1.76%, Alibaba fell 3.87%, Bilibili fell 3.55%, JD.com fell 3.36%, NetEase fell 2.27%, Baidu fell 1.79%, XPeng Motors fell 1.62%, Pinduoduo fell 1.23%, and NIO fell 0.14%.

The stocks showing continuous gains include Melco International Development with a latest change of 0.45%, rising for 14 consecutive days with a total increase of 40.76%; ACM Research with a latest change of 2.03%, rising for 7 consecutive days with a total increase of 12.92%; Burning Rock Biotech with a latest change of 4.40%, rising for 7 consecutive days with a total increase of 26.24%; Canadian Solar with a latest change of 2.18%, rising for 6 consecutive days with a total increase of 23.19%; The9 Limited with a latest change of 2.40%, rising for 5 consecutive days with a total increase of 26.13%; Ebang International with a latest change of 9.09%, rising for 5 consecutive days with a total increase of 150.49%; SOS Limited with a latest change of 11.08%, rising for 5 consecutive days with a total increase of 42.76%; China Automotive Systems with a latest change of 2.29%, rising for 5 consecutive days with a total increase of 1.38%; and 3D Systems Corporation with a latest change of 4.05%, rising for 5 consecutive days with a total increase of 13.26%.

The stocks showing continuous declines include Jiuzi Holdings with a latest change of -1.96%, falling for 8 consecutive days with a total decrease of -11.68%; Powerbridge Technologies with a latest change of -13.64%, falling for 6 consecutive days with a total decrease of -43.59%; Huami Corporation with a latest change of -4.16%, falling for 5 consecutive days with a total decrease of -11.06%; Able View Global with a latest change of -1.61%, falling for 4 consecutive days with a total decrease of -14.60%; Shanyuan HVAC with a latest change of -0.29%, falling for 4 consecutive days with a total decrease of -12.40%; and Abits Group with a latest change of -4.70%, falling for 4 consecutive days with a total decrease of -16.50%.

Alibaba: Completes Issuance of HKD 12.023 Billion Zero-Coupon Exchangeable Bonds
Alibaba announced the completion of a private placement of HKD 12.023 billion in principal amount of zero-coupon exchangeable bonds due in 2032. The bonds constitute unsecured and unsubordinated debt of the Alibaba Group. The bonds do not generate regular interest and will mature on July 9, 2032, unless redeemed, repurchased, or exchanged early according to the bond terms.

NIO's 1000th Highway Battery Swap Station Officially Launched
On July 9, NIO's 1000th highway battery swap station officially launched operations, completing the plan to establish a highway battery swap network connecting major cities nationwide, covering 550 cities in total. Including urban and highway layouts, NIO now has 3399 swap stations and 8058 charging stations nationwide, ranking first in the industry.

JD Cloud Computing Establishes Frontier Technology Private Equity Venture Capital Fund with an Investment of RMB 1.556 Billion
According to Tianyancha App, the Shenzhen Huakong Frontier Technology Private Equity Venture Capital Fund Partnership (Limited Partnership) was recently established, with Shenzhen Shentou Huakong Industrial Investment Co., Ltd. as the executive partner. The fund's investment amount is RMB 1.556 billion, and its business scope includes engaging in equity investment, investment management, and asset management activities through private equity funds. It was jointly funded by JD Technology Information Technology Co., Ltd., a wholly-owned subsidiary of JD Cloud Computing, Zhengda Guangming Enterprise Management Co., Ltd., and Shanghai Jiliang Venture Capital Co., Ltd.

Sinovac Biotech Announces New Board Members: Yin Weidong and Li Jiaqiang Included
It is reported that during this morning's special shareholders' meeting of Sinovac Biotech, two proposals from the Sequoia Fund were approved: the removal of the current board of directors and the election of ten highly qualified director nominees proposed by Sequoia to join the board. The new board members include Simon Anderson (former board director), Fu Shan (Vivo Capital, former board director), Jiao Shuge (independent director), Li Jiaqiang (Qiangxin Capital), Lu Yulin (independent director, former board director), Qiu Yumin (Yong'en Capital), Wang Yu (independent director), Xiao Ruiping (independent director), Yan Yan (Sequoia Fund), and Yin Weidong (former board chairman).

Taobao Flash Sale's First Week of RMB 50 Billion Subsidy: 4124 Restaurant Brands Reach Historical Peak
On July 2, Taobao Flash Sale officially launched a subsidy plan totaling RMB 50 billion. Latest data shows that within the first week, 4124 restaurant brands achieved historical peak business levels, and 2318 non-restaurant category orders doubled.

Sinovac Biotech Shareholding Struggle Latest Developments: Special Shareholders' Meeting Votes to Remove Current Directors and Elect Sequoia Fund Nominated Directors to the Board
According to Sequoia Fund's latest disclosure, during this morning's special shareholders' meeting of Sinovac Biotech, two proposals from Sequoia Fund were approved: the removal of the current board of directors and the election of ten highly qualified director nominees proposed by Sequoia to join the board (including the current chairman of Sinovac Biotech, Li Jiaqiang). Initially, the special meeting was chaired by the current chairman, Li Jiaqiang, but was abruptly adjourned without allowing shareholder voting. Subsequently, shareholder representatives reconvened the meeting, chaired by the only current director approved by the British Privy Council, Lu Yulin, but Li Jiaqiang did not participate. During this meeting, shareholders voted according to Sequoia Fund's golden proxy and company white proxy, formally approving Sequoia Fund's two proposals. The newly elected directors have pledged to support and implement Sinovac Biotech's previously announced dividend plan and to work closely with the company's management to resume trading of Sinovac Biotech's common stock, fully unlocking the company's potential value for the benefit of all shareholders. Previously, Sequoia Fund and Sinovac Biotech founder Yin Weidong formed the A Buyer Group.

Public Autonomous Driving Rental Car Service Launches: CAR and Baidu Apollo Collaborate
CAR and Baidu Apollo announced the official launch of autonomous driving rental car services for the public. CAR's autonomous driving rental service is based on Baidu Apollo's L4 autonomous driving platform, offering a fully autonomous and self-service rental car product.