Chinese Concept Stocks | Alibaba Issues First Dollar Bonds Since 2021 Amid U.S. Enthusiastic Demand
4min read On November 19th, Eastern Time (Tuesday), the three major U.S. stock indexes showed mixed performances. The S&P 500 rose by 0.40%, closing at 5916.98 points; the Dow Jones fell by 0.28%, closing at 43268.94 points; and the Nasdaq increased by 1.04%, closing at 18987.47 points.
On November 18th, the Nasdaq Golden Dragon China Index rose by 1.71%.
Among popular Chinese concept stocks, TSMC rose by 1.20%, Baidu by 0.70%, Pinduoduo by 0.32%, while XPeng Motors dropped by 3.77%, Bilibili by 2.99%, NetEase by 2.92%, Alibaba by 2.55%, NIO by 0.64%, and JD.com by 0.40%.
In terms of continuously rising Chinese concept stocks, Jiayin Group rose by 0.74% over five consecutive days, with a cumulative increase of 4.29%. China Automotive Systems increased by 7.21% over five days, with a total gain of 27.96%. Energy Chain Intelligence rose by 3.18% over five days, with a total gain of 28.06%. Weibo increased by 6.35% over four days, with a total gain of 10.50%. Xiaoying Technology rose by 0.48% over four days, with a total gain of 2.29%. Burning Rock Biotech rose by 0.22% over four days, with a total gain of 31.43%.
Regarding continuously declining Chinese concept stocks, China Yuchai International decreased by 1.11% over eight consecutive days, with a cumulative decline of 16.95%. Fangdd Network dropped by 0.98% over eight days, with a total decrease of 54.78%. ECARX fell by 7.50% over seven days, with a total decline of 19.57%. Burney Medical Group decreased by 0.41% over seven days, with a total decline of 18.67%. MicroAlgo fell by 6.70% over seven days, with a total decrease of 20.76%.
News on Chinese Concept Stocks:
Alibaba Issues Its First Dollar Debt Since 2021
Alibaba Group Holding Limited is marketing its first public dollar-debt offering in nearly four years, part of the internet giant's dual-currency transaction to refinance overseas debt and repurchase shares. According to informed sources, the company is issuing dollar bonds with up to three maturities, with the longest being 30-year bonds, priced at a yield guidance of 1.05 percentage points above comparable U.S. Treasuries. Initial discussions put the premium at about 1.30 percentage points. The issuance attracted approximately $18 billion in orders, with $13 billion coming before the U.S. market opened. Alibaba is also issuing offshore yuan-denominated notes in four maturities.
XPeng Motors: Annual Production Capacity of Guangzhou and Zhaoqing Factories Reaches 200,000-300,000 Units, Production Plans Set Until 2026
At today's XPeng Motors 2024 Q3 earnings call, XPeng management stated that with a dual-shift production plan, the annual production capacity of XPeng's Guangzhou and Zhaoqing factories is about 200,000-300,000 units. XPeng has planned its production until 2026 and is collaborating with suppliers to expand capacity. XPeng Chairman He Xiaopeng also mentioned that the company's deliveries in November will exceed 30,000 units, with XPeng P7+ deliveries surpassing 10,000 units in December.
Amazon's Overseas Official Flagship Store Officially Opens on JD.com
On November 19th, JD.com and Amazon Overseas Shopping jointly announced the official opening of the "Amazon Overseas Official Flagship Store" on JD.com. Meanwhile, the "Amazon Overseas Shopping Black Friday Global Shopping Season" will be launched on JD.com on November 21st. Additionally, from the official opening until the end of 2024, JD.com's Amazon Overseas Official Flagship Store will offer a limited-time zero-threshold free shipping promotion.
Alibaba's Joseph Tsai: Primary Listing in Hong Kong Brings Greater Liquidity to Group's Shares
Alibaba Group's Chairman Joseph Tsai stated at the Third International Financial Leaders Investment Summit that primary listing in Hong Kong allows Alibaba to access a very large group of mainland investors, bringing greater liquidity to the group's shares. Over the past few months, Alibaba's secondary listing in Hong Kong has been upgraded to a primary listing, which means that by being included in the Stock Connect scheme, more mainland investors will have the opportunity to invest in Alibaba.
XPeng Motors: Third Quarter Revenue Reaches 10.1 Billion RMB, Up 18.4% Year-on-Year
According to XPeng Motors' announcement on the Hong Kong Stock Exchange: Third-quarter revenue amounted to 10.1 billion RMB, compared to 8.53 billion RMB in the same period last year, with market expectations at 9.91 billion RMB. The total delivery for the third quarter was 46,533 smart electric vehicles, up 16.3% year-on-year, exceeding the delivery target. Revenue exceeded 10 billion RMB, up 18.4% year-on-year and 24.5% quarter-on-quarter; the gross profit margin reached 15.3%, setting a new quarterly record, with an 18 percentage point improvement year-on-year, and a 19.2 percentage point increase over five quarters.
Hainan Provincial Development and Reform Commission Collaborates with XPeng Huitian to Create "Flying Car Application Demonstration Island"
XPeng Huitian signed a strategic cooperation framework agreement with the Hainan Provincial Development and Reform Commission today. The two parties will create a "flying car application demonstration island" to explore pilot applications and commercialization of flying cars in Hainan, strengthening strategic cooperation in overseas sales, production, manufacturing, and trade settlement. They also plan to sign agreements for 20 flight camps by the end of 2025 to support the regular operation of XPeng Huitian's flying cars. Previously, XPeng Huitian signed a pre-order agreement with Hainan Yujia General Aviation Service Co., Ltd. for Yujia General to purchase 100 "land carriers" flying cars from XPeng Huitian.
Robin Li: Over 5,000 Companies Queue Up to Apply for Testing Just 3 Days After the Launch of "Miaoda"
Baidu founder Robin Li announced the latest developments of "Miaoda" at the 2024 China 5G + Industrial Internet Conference: Just three days after its launch, over 5,000 companies have queued up to apply for testing.
Li Auto's Sales Exceed One Million
According to Li Auto's official Weibo, the company's sales have exceeded one million units.
Robin Li: Baidu's Sixth-Generation Driverless Car RT6 Costs Reduced to 250,000 RMB Per Unit
At the 2024 China 5G + Industrial Internet Conference, Baidu founder Robin Li stated that through the development of retrieval-enhanced technology, AI large models have essentially eliminated hallucinations, with Baidu's Wenxin large model's daily call volume growing 30 times. Li believes that the rapid development of multimodal retrieval-enhanced technology will make multimodal large models more practical. Besides retrieval-enhanced technology, another important development direction for large models is intelligent agents, with the ultimate form being the collaboration of multiple intelligent agents. Currently, Baidu's sixth-generation driverless car RT6 is the world's only L4-level unmanned car in mass production, with costs reduced to 250,000 RMB per unit.
Wuhan Hanjiang Bay Artificial Intelligence Industrial Park Unveiled with Baidu and Tencent Moving In
On November 14th, according to Wuhan's announcement, the first batch of city-level AI cultivation industrial parks, Hanjiang Bay AI Industrial Park, was unveiled, with 16 projects signing agreements on-site, and Baidu and Tencent's major industry bases moving in. Hanjiang Bay AI Industrial Park is located in the western part of Wuhan's Qiaokou District, covering an area of 1,148 acres, with a built-up area of 300,000 square meters. By the end of 2023, there were 76 AI and related companies in this area, accounting for 12% of the city's total AI companies, with a revenue scale of 6.741 billion RMB, accounting for 13.5% of the city's total.