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Chinese Concept Stocks | Alibaba Open-Sources Video Model, JD's Stock Dropped 4.08%

Market BriefWednesday, May 14, 2025 6:32 pm ET

3min read

On May 14th (Wednesday), Eastern Time, the three major U.S. stock indexes showed mixed results. The S&P 500 index rose by 0.10%, closing at 5892.58 points; the Dow Jones index fell by 0.21%, closing at 42051.06 points; the Nasdaq index increased by 0.72%, closing at 19146.81 points.

On May 14th, the Nasdaq Golden Dragon China Index rose by 1.17%.

Regarding popular Chinese concept stocks, Alibaba rose by 1.79%, Baidu increased by 1.55%, Xpeng Motors grew by 0.70%, NetEase rose by 0.67%, TSMC increased by 0.38%, NIO grew by 0.12%, JD.com fell by 4.08%, Bilibili decreased by 0.98%, and Pinduoduo dropped by 0.47%.

Companies that have been rising continuously include Melco Resorts & Entertainment with a latest increase of 1.43%, rising for 9 consecutive days with a cumulative increase of 26.64% during the period; TSMC rose by 0.40%, maintaining a 6-day rise with a cumulative increase of 13.05%; Ascentage Pharma increased by 0.90%, rising for 6 days with a cumulative increase of 9.14%; RLX Technology rose by 2.11%, maintaining a 5-day rise with a cumulative increase of 7.18%; Lotus Technology grew by 0.93%, rising for 5 days with a cumulative increase of 17.39%; Gaotu Techedu increased by 2.15%, maintaining a 5-day rise with a cumulative increase of 16.92%; Leyard Optoelectronic rose by 2.67%, maintaining a 5-day rise with a cumulative increase of 23.19%; Global Mofy Metaverse grew by 2.44%, maintaining a 5-day rise with a cumulative increase of 28.39%; Yunxuetang increased by 17.82%, maintaining a 5-day rise with a cumulative increase of 45.49%; Four Season Education rose by 1.52%, maintaining a 5-day rise with a cumulative increase of 6.58%; Sunway Tech Group increased by 2.64%, maintaining a 5-day rise with a cumulative increase of 19.15%; Gulf Resources rose by 1.98%, maintaining a 5-day rise with a cumulative increase of 8.16%.

Companies that have been falling continuously include WiMi Hologram Cloud with a latest decrease of 6.00%, falling for 5 consecutive days with a cumulative decrease of 18.46% during the period; Ascentage Pharma decreased by 2.66%, maintaining a 4-day fall with a cumulative decrease of 7.00%; 17 Education & Technology Group fell by 0.53%, maintaining a 4-day fall with a cumulative decrease of 10.85%; Huami decreased by 1.45%, maintaining a 4-day fall with a cumulative decrease of 2.86%; Meten Holding Group dropped by 5.43%, maintaining a 4-day fall with a cumulative decrease of 33.45%.

Alibaba Open-Sources Video Generation and Editing Model Tongyi Wanxiang Wan2.1-VACE
Alibaba has officially open-sourced Tongyi Wanxiang Wan2.1-VACE, a model that supports video generation and editing. This single model simultaneously supports text-generated video, image-referenced video generation, video redrawing, partial video editing, video background extension, and video duration extension, among other foundational generation and editing capabilities. It is known that two versions, 1.3B and 14B, have been open-sourced, with the 1.3B version able to run on consumer-grade graphics cards.

BeiGene: Shareholder HHLR Fund, L.P. Reduces Stake to 4.89%
BeiGene announced that shareholder HHLR Fund, L.P. and its affiliated entities sold 16 million shares of the company's overseas listed shares on May 9, 2025, reducing their total holding to 68.5511 million shares, and decreasing their holding ratio from 6.03% to 4.89%, no longer being a shareholder holding more than 5% of the company.

Debang Logistics: JD Zhuofeng Accumulatively Increases Holdings by 942,200 Shares
Debang Logistics announced that between May 8, 2025, and May 14, 2025, JD Zhuofeng increased its holdings of company shares by 942,200 shares through centralized bidding transactions using special loans and its own funds, accounting for about 0.09% of the company's total share capital. As of the disclosure date of this announcement, JD Zhuofeng directly holds 123 million shares of the company, accounting for about 12.04% of the company's total share capital. JD Zhuofeng and its concerted action person Ningbo Meishan Bonded Port Zone Debang Investment Holding Co., Ltd. together hold 806 million shares of the company, increasing their total holding ratio from 78.91% to 79.00%.

JD.com: JD Food Delivery System Fully Restored
JD Food Delivery’s official Weibo announced that at noon today, due to a surge in orders during JD Food Delivery’s 618 event, the system experienced a brief failure, but has now been fully restored.

Sources: Apollo Go to Launch in Switzerland and Turkey, Baidu Preparing to Establish Swiss Company
According to sources, Baidu is actively exploring the expansion of its autonomous driving service "Apollo Go" to Switzerland and Turkey, accelerating its overseas expansion. In the coming months, Baidu plans to set up a physical company in Switzerland. Over the past few years, Apollo Go has accumulated extensive real-world road experience in complex urban traffic scenarios in Beijing, Wuhan, Chongqing, Shenzhen, and Hong Kong.

BeiGene: To Allocate and Issue 133 Million New Shares to Wholly-Owned Subsidiary BGNC2
BeiGene announced on the Hong Kong Stock Exchange that it will allocate and issue 133 million new shares to its wholly-owned subsidiary BGNC2.

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