Chinese Concept Stocks | Alibaba's Convertible Bond Pricing and Stock Surge

On September 11th (Thursday) Eastern Time, the three major U.S. stock indexes closed higher collectively. The S&P 500 index rose 0.85% to 6587.47 points; the Dow Jones index increased by 1.36% to 46108.00 points; and the Nasdaq index gained 0.72% to 22043.07 points.

On September 11th, the Nasdaq China Golden Dragon Index surged by 2.89%.

Regarding popular Chinese concept stocks, Alibaba rose 7.97%, NIO increased by 6.03%, Baidu gained 3.92%, JD.com rose 3.24%, NetEase was up by 2.98%, XPeng Motors climbed 2.44%, Pinduoduo increased by 0.83%, Bilibili fell 1.19%, and TSMC decreased by 0.62%.

Companies that have been rising continuously include KE Holdings with a recent gain of 1.26% over 9 consecutive days, resulting in a total increase of 15.13%. Vipshop rose 1.11% over 9 days, achieving a cumulative gain of 8.74%. Tarena International increased by 12.56% over 9 days, totaling a rise of 84.98%. ZTO Express gained 0.26% over 7 days, with a total increase of 8.23%. HONGEN Education rose 1.28% over 7 days, achieving a total increase of 15.58%. LiXiang Education gained 3.02% over 7 days, totaling a rise of 22.56%. ATIF Holdings increased by 4.90% over 7 days, with a total gain of 34.15%.

Companies that have been falling continuously include Mingteng with a recent loss of 0.59% over 5 consecutive days, resulting in a total decrease of 3.05%. Daqo New Energy fell 2.01% over 4 days, with a cumulative loss of 11.43%. JinkoSolar decreased by 2.92% over 4 days, totaling a fall of 7.38%. Zhihu Group declined 0.53% over 4 days, resulting in a total decrease of 11.62%. Skyworth fell 1.25% over 4 days, totaling a loss of 34.91%. Pearl River Shipping decreased by 0.94% over 4 days, resulting in a total fall of 28.14%. Stark fell 0.58% over 4 days, totaling a decrease of 7.69%.

Alibaba reportedly plans to set its convertible bond conversion premium rate at 31.25%
According to insiders, Alibaba plans to price its $3.2 billion convertible bond with a conversion premium rate of 31.25%. Insiders claim that Alibaba has informed investors that bids below 31.25% might fail; Alibaba has not yet responded to requests for comments.

Ant Group CEO Han Xin Yi: Professional AI will be stronger when perfected in the medical health field
On September 11th, at the opening ceremony of the 2025 Inclusion Bund Conference, Ant Group CEO Han Xin Yi stated that although medical care is a low-frequency behavior, health management is a high-frequency demand. The combination of the two can provide a foundation for AI deep services. When addressing the question of whether general AI or professional AI is more suitable for the medical health field, Han Xin Yi clearly stated that the unique nature of medical health determines the irreplaceability of professional AI. "If AI medical health is perfected, users will not leave because they can solve their problems here."

Alipay announces the launch of China's first "AI payment"
On September 11th, Alipay announced at the 2025 Inclusion Bund Conference the launch of China's first "AI payment" and its initial launch with Luckin Coffee, connecting the chain of ordering and payment within intelligent systems. In practical scenarios, users can complete ordering and payment by conversing with the AI ordering assistant through Luckin's Alipay mini program or official app.

Ant Group CEO Han Xin Yi: The consensus in the token economy industry is forming, shifting from virtual to solving real issues
During the 2025 Inclusion Bund Conference, Ant Group CEO Han Xin Yi commented on the token economy, stating, "The consensus in the token economy industry is forming. Tokens must transition from being objects of value restructuring investment transactions in the virtual world to tools that solve trust efficiency and cost issues in the real economy to truly form a sustainable, deep, and broad ecosystem, thereby unleashing their inherent value."

JD.com and Tmall announce iPhone 17 reservation data, white phones have the most reservations
The iPhone 17 series will begin pre-sale at 8 PM on September 12th and will be available on September 19th. Currently, the Apple products JD.com self-operated flagship store has also started accepting reservations. According to JD.com's data, within 6 hours of opening reservations, the total number of reservations for the iPhone 17 series exceeded 2 million. Reporters learned from Tmall that on the first day of listing, the reservation volume for iPhone 17 across all models at the Tmall Apple Store official flagship store was nearly three times higher than the initial release period of the previous generation iPhone 16 series, with the white iPhone 17 model having the highest number of reservations.

Alibaba will stop accepting subscription orders for its $3.17 billion convertible bond issuance on Thursday
Insiders revealed that Alibaba Group will stop accepting subscription orders from Asian investors for its $3.17 billion convertible bond issuance at 1 PM Hong Kong time on Thursday.

Li Auto responds to the rectification of network chaos in the automotive industry
On September 11th, Li Auto actively responded to the Ministry of Industry and Information Technology and other six departments' notice on the special rectification action against network chaos in the automotive industry. Li Auto stated that it has investigated the malicious slander of Li Auto's product quality and business status by MCN institutions and their accounts through methods such as plagiarism and the mass production of false information, as well as fabricating complaints about the yet-to-be-launched Li i6 model, claiming issues like busy complaint lines, halved monthly sales, and low prices, which harm the market performance of the Li i6 model and damage the market environment.

Morgan Stanley: Alibaba-W's Amap business innovation may be the first step in relaunching in-store services
Morgan Stanley's research report states that Alibaba-W (09988) Amap business innovation may be the first step in the group relaunching in-store services. Morgan believes that competition in the instant delivery field may extend to in-store services. According to Quest Mobile data, after this AI upgrade, Amap remains the largest navigation map application in China, with nearly 200 million daily active users (DAU). Morgan Stanley believes this could be Alibaba's first step in repositioning in-store services, potentially launching more related services in the future.

Alibaba Cloud founder Wang Jian: Artificial intelligence enters the era of resource openness
At the 2025 Inclusion Bund Conference, Alibaba Cloud founder Wang Jian stated that choosing between open-source models and closed-source models has become a key factor in AI competition. In today's artificial intelligence era, merely opening source code can no longer solve problems. The current openness of model weights is essentially the openness of data resources and computing resources, not just Open Source but Open Resource, surpassing source code and entering the era of resource openness. Wang Jian also pointed out that in addition to communication satellites, navigation satellites, and remote sensing satellites, there can also be computing satellites. On May 14th this year, the "Three-Body Computing Constellation" developed by Zhijiang Laboratory was launched for the first time, taking the first 8B AI model and 12 satellites simultaneously into space. Wang Jian revealed the Olive Leaf plan at the conference, which opens 1-2 trial satellites globally each year.