Chinese Concept Stocks | Alibaba Leads Gains with 6.79% Rise Amid $4.17M Buyback

On January 28th, Eastern Time (Tuesday), the three major U.S. stock indices collectively closed higher, with the S&P 500 Index rising 0.92% to 6067.70 points; the Dow Jones Index increased by 0.31% to 44850.35 points; the Nasdaq Index climbed 2.03% to 19733.59 points.

On January 27th, the Nasdaq Golden Dragon China Index rose by 0.10%.

As for popular Chinese concept stocks, Alibaba rose by 6.79%, TSMC increased by 4.90%, Baidu went up by 3.51%, Bilibili gained 1.89%, JD.com rose by 1.85%, NetEase increased by 1.27%, Pinduoduo rose by 1.24%, NIO gained 1.05%, and XPeng Motors rose by 0.07%.

Among continuously rising Chinese concept stocks, Global Lights increased by 0.09% over 16 consecutive days, with a cumulative gain of 1.13%. Boqii Pet rose by 4.83% over 8 consecutive days, with a cumulative gain of 1076.27%. Tuya Smart gained 3.00% over 7 consecutive days, with a cumulative gain of 35.59%. Huaxia Boya increased by 6.39% over 7 days, with a cumulative gain of 56.40%. 1Drug.com rose by 3.75% over 6 days, with a cumulative gain of 1199.65%.

Among continuously declining Chinese concept stocks, Baijia Cloud fell by 6.81% over 8 consecutive days, with a cumulative decline of 50.45%. Akso Health decreased by 7.75% over 6 days, with a cumulative decline of 22.73%. GD Culture Group fell by 0.74% over 6 days, with a cumulative decline of 26.84%. Taoping decreased by 3.29% over 6 days, with a cumulative decline of 14.10%. Huami Technology fell by 4.59% over 5 days, with a cumulative decline of 13.74%.

Alibaba: Repurchased 371,900 Shares for $4.1727 Million on January 27
Alibaba announced that on January 27, 2025, it repurchased 371,900 shares for $4.1727 million, with the repurchase price ranging from $11.16 to $11.25 per share.

Tuniu: Travel Peak Expected on the Second Day of the Lunar New Year
On January 28, Tuniu's latest booking data shows that this year's Spring Festival holiday travel demand exhibits distinct time distribution characteristics, with the travel peak expected on January 30, the second day of the Lunar New Year. It is anticipated that with the arrival of the travel peak, short trips nearby and outbound short-haul trips will see another surge in travel. The popularity of independent travel and nearby self-driving tours is expected to continue into the latter half of the Spring Festival holiday.

Hupu, Once Valued at 7.722 Billion, Agrees to Be Acquired by Xunlei for 500 Million
According to reports from multiple tech media, Xunlei Limited announced on January 27, 2025, that it has reached an agreement with the operator of Hupu, Shanghai Kuanghui Internet Technology Co., Ltd., to acquire the company for 500 million RMB in cash. The transaction is expected to be completed in the first half of 2025. Xunlei CEO Li Jinbo stated that acquiring Hupu will create strong synergies with Xunlei, while leveraging Hupu's quality sports content and active community to promote content downloads, community interaction, and sports consumption among its loyal user base.

Lufax Temporarily Suspended Trading
According to Lufax's announcement on the Hong Kong Stock Exchange, the company's ordinary shares were temporarily suspended from trading on the Hong Kong Stock Exchange starting from 9:00 a.m. on January 28, 2025, pending the release of further inside information regarding the proposed change of auditor and potential delay in publishing the 2024 annual results.