Chinese Concept Stocks | Alibaba Nears $4 Billion Deal with Korean E-Mart
3min read On December 26, Eastern Time (Thursday), the three major U.S. stock indices fluctuated. The S&P 500 index fell by 0.04%, closing at 6037.59 points; the Dow Jones index rose by 0.07%, closing at 43325.80 points; and the Nasdaq index fell by 0.05%, closing at 20020.36 points.
On December 24, the Nasdaq Golden Dragon China Index rose by 0.79%.
Among popular Chinese concept stocks, XPeng Motors rose by 2.08%, NIO rose by 1.30%, Bilibili rose by 0.89%, Alibaba rose by 0.68%, Baidu rose by 0.23%, NetEase rose by 0.10%, TSMC fell by 1.56%, JD.com fell by 0.91%, and Pinduoduo fell by 0.85%.
Chinese concept stocks that have risen consecutively include: Qijie Motors with a latest change of 9.54% over 8 consecutive days, with a cumulative increase of 27.98%; Haiwei Metal Processing with a latest change of 0.52% over 8 consecutive days, with a cumulative increase of 2.90%; Li Auto with a latest change of 3.60% over 7 consecutive days, with a cumulative increase of 16.15%; Xingji Fashion with a latest change of 1.08% over 7 consecutive days, with a cumulative increase of 30.37%; Jiayuda with a latest change of 4.28% over 6 consecutive days, with a cumulative increase of 50.14%; Zhongjin Medical with a latest change of 22.45% over 6 consecutive days, with a cumulative increase of 64.38%; Deswell Industries with a latest change of 0.40% over 6 consecutive days, with a cumulative increase of 5.88%; Huafu Education with a latest change of 3.45% over 6 consecutive days, with a cumulative increase of 22.45%.
Chinese concept stocks that have declined consecutively include: Paimingxin City with a latest change of -3.06% over 5 consecutive days, with a cumulative decrease of -10.38%; Ritu Ecology with a latest change of -1.66% over 4 consecutive days, with a cumulative decrease of -8.33%; MKDWELL Tech with a latest change of -4.66% over 4 consecutive days, with a cumulative decrease of -17.21%; Dingdong Maicai with a latest change of -2.29% over 3 consecutive days, with a cumulative decrease of -5.88%; Zhenkunxing with a latest change of -1.20% over 3 consecutive days, with a cumulative decrease of -10.81%; Duonis with a latest change of -8.82% over 3 consecutive days, with a cumulative decrease of -15.94%; Conglian Group with a latest change of -10.63% over 3 consecutive days, with a cumulative decrease of -31.93%; Yishengxin with a latest change of -10.94% over 3 consecutive days, with a cumulative decrease of -36.67%; Ata Creativity with a latest change of -1.25% over 3 consecutive days, with a cumulative decrease of -7.13%; Mogujie with a latest change of -3.67% over 3 consecutive days, with a cumulative decrease of -15.66%; Pintec with a latest change of -0.13% over 3 consecutive days, with a cumulative decrease of -3.19%; Sunshine Power with a latest change of -1.13% over 3 consecutive days, with a cumulative decrease of -11.53%; 36Kr with a latest change of -3.13% over 3 consecutive days, with a cumulative decrease of -13.17%.
Alibaba reportedly close to reaching a $4 billion deal with Korea's E-mart
Alibaba is reportedly close to reaching a $4 billion deal with Korea's E-mart.
EHang establishes national headquarters for low-altitude emergency rescue equipment in Beijing Fangshan
On December 26, EHang announced a strategic cooperation agreement with the People's Government of Fangshan District, Beijing. EHang will set up a national headquarters for low-altitude emergency rescue equipment in Fangshan District, Beijing, and plans to cooperate in operating the emergency rescue sector business. The Fangshan District government will actively assist in industrial funding support for the headquarters' establishment and related project construction.
Alipay: Over 1.2 billion users of medical insurance services in 5 years
Today, Huang Huabo, member of the Party Leadership Group and Deputy Director of the National Healthcare Security Administration, announced that as of now, there are over 1.2 billion national medical insurance code users, covering 31 provinces (autonomous regions and municipalities) and the Xinjiang Production and Construction Corps, with access to 930,000 designated medical institutions. Over the past five years, the widespread adoption of the medical insurance code has provided strong support for universal healthcare coverage, and the participation of internet platforms has effectively promoted the inclusiveness and convenience of digital medical insurance services. Alipay data shows that over 700 million people have activated their medical insurance codes via Alipay, with 70% binding family accounts for seniors and children, and over 10 million people are already experiencing the convenience of integrated medical and commercial insurance payment services.
AliHealth to provide free basic traceability services for retail pharmacies and medical institutions
On December 25, AliHealth announced that in order to help enterprises meet drug traceability compliance and collect medical insurance traceability codes, it will provide free basic traceability services for retail pharmacies (individual pharmacies, direct chain pharmacies, franchised chain pharmacies) and medical institutions nationwide from January 1, 2025. The basic traceability services will include capabilities such as uploading and verifying traceability documents, and the platform will also provide free downloads of the large and small code association relationship to improve the efficiency of terminal QR code scanning and warehousing.
Ant Group: Another 100 million yuan donated to Hebei for tree planting
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