Chinese Concept Stocks | Alibaba Reduces Stake in Singapore Post Amid Strategic Moves

On September 9th (Tuesday), Eastern Time, the three major indices of the US stock market collectively closed higher. The S&P 500 index rose by 0.27%, closing at 6512.61 points; the Dow Jones index increased by 0.43%, closing at 45711.34 points; and the Nasdaq index went up by 0.37%, closing at 21879.49 points.

On September 9th, the Nasdaq Golden Dragon China Index rose by 1.48%.

Regarding popular Chinese concept stocks, Bilibili rose by 6.92%, Alibaba increased by 4.18%, JD.com went up by 3.11%, NIO rose by 1.70%, TSMC increased by 1.49%, XPeng Motors went up by 0.85%, Pinduoduo rose by 0.83%, Baidu fell by 0.17%, and NetEase decreased by 0.07%.

Regarding stocks with consecutive gains, Eureka Acquisition rose by 0.42% over 18 consecutive days, with a cumulative gain of 1.18%. iQIYI increased by 2.57% over 9 consecutive days, with a cumulative gain of 18.72%. KE Holdings rose by 3.59% over 7 consecutive days, with a cumulative gain of 13.71%. Vipshop increased by 1.61% over 7 consecutive days, with a cumulative gain of 5.87%. JOYY Inc. rose by 0.19% over 7 consecutive days, with a cumulative gain of 23.48%. Tongcheng Tongmei surged by 25.01% over 7 consecutive days, with a cumulative gain of 60.86%.

Regarding stocks with consecutive declines, EHang fell by 1.00% over 11 consecutive days, with a cumulative decline of 62.32%. Aurora Mobile decreased by 1.03% over 6 consecutive days, with a cumulative decline of 7.61%. Kandi Technologies fell by 12.41% over 6 consecutive days, with a cumulative decline of 92.70%. Dragon Holdings decreased by 0.49% over 5 consecutive days, with a cumulative decline of 9.13%. Tiger Brokers fell by 2.53% over 4 consecutive days, with a cumulative decline of 8.08%. Uxin decreased by 1.75% over 4 consecutive days, with a cumulative decline of 7.44%. Jiayin Group fell by 2.07% over 4 consecutive days, with a cumulative decline of 12.21%. Rongye Foods decreased by 0.83% over 4 consecutive days, with a cumulative decline of 23.72%. Youxin Technology fell by 10.40% over 4 consecutive days, with a cumulative decline of 77.49%.

Alibaba has significantly reduced its stake in Singapore Post through off-market transactions, with its shareholding ratio dropping from 11.33% to 4.61%.

Honor has officially signed a strategic cooperation agreement with Alibaba in Hangzhou. CEO of Honor Device Co., Ltd. Li Jian and CEO of Alibaba Group Wu Yongming attended the event. It is reported that both parties will focus on strategic areas such as AI ecosystem, AI models and capabilities, and internet business ecosystem to jointly create a prosperous AI ecosystem and enhance the user experience of Honor MagicOS.

Hong Kong Stock Exchange information shows that Citigroup's shareholding ratio in Alibaba-W decreased from 5.33% to 5.30% on September 3rd.

On September 9th, the international authoritative market research institution Omdia released the "China AI Cloud Market, 1H25" report. The report shows that generative AI (GenAI) has brought about a boom in the AI cloud market. In the first half of 2025, the scale of China's AI cloud market reached 22.3 billion yuan, with an expected growth of 148% in 2025, reaching a scale of 193 billion yuan by 2030. The report also shows that in the first half of 2025, Alibaba Cloud ranks first in the Chinese AI cloud market with a share of 35.8%, followed by Volcano Engine with 14.8%, Huawei Cloud with 13.1%, Tencent Cloud with 7%, and Baidu Cloud with 6.1%. The top five account for over 75% of the entire market.

JD Car Maintenance has filed a lawsuit in court, accusing Tuhu Car Maintenance of unfair competition, and the case has been accepted by the court. A spokesperson for JD Car Maintenance stated, "Indeed, there have been unfair competition methods that have affected JD Car Maintenance, so we filed a lawsuit in court. We are not only doing this for JD Car Maintenance but also hope to protect the legitimate rights and interests of users through legal means."

Sources have confirmed that following last year's Taobao overseas project, Lazada and Tmall have achieved their first system-level integration and established a project team to allow Tmall merchants to easily connect to the Southeast Asian market. Several well-known Tmall brands have already joined. A brand representative who received an overseas invitation exclusively revealed to Sina Technology that this project is jointly launched by Tmall and Lazada and is highly valued internally by Alibaba. Currently, a dedicated "One-Click Easy Overseas, Direct to Southeast Asia" page has been set up in the merchants' backend, with no additional operational costs. Merchants only need to send goods to domestic warehouses, and the platform will handle international logistics, overseas product after-sales, advertising, etc. The reporter sought confirmation from Lazada, but there was no response by the time of publication.

At the WAVE SUMMIT Deep Learning Developer Conference on September 9th, Baidu CTO Wang Haifeng released the Wenxin Model X1.1 Deep Thinking Model, which has significantly improved capabilities in factuality, instruction compliance, and agents. Users can currently use the Wenxin Model X1.1 on the Wenxin Yiyan official website and the Wenxiaoyan APP. The Wenxin Model X1.1 has been officially launched on Baidu Intelligent Cloud Qianfan platform and is open for use by enterprise customers and developers.

The Qichacha APP shows that recently, Guangzhou Xiaopeng Motors Technology Co., Ltd. applied for a patent for a "model training method for embodied robots, embodied robot and control method, and medium." The Qichacha patent abstract indicates that the application discloses a model training method for embodied robots, a control method for embodied robots, embodied robots, and a computer-readable storage medium. The method includes obtaining first execution data for a sample task performed by a target object; obtaining second execution data for controlling the embodied robot to perform the sample task; training a preset model based on the first execution data and second execution data to determine the target model for the embodied robot, where the target model can generate instructions for the embodied robot to automatically perform the target task, which includes the sample task. Thus, the target model for the embodied robot can be determined by training the preset model based on the first and second execution data, enabling the training of a model that can be carried by the embodied robot.

UBTECH Robotics announced that on September 9th, UBTECH launched its full-sized scientific education humanoid robot "Tiangong Walker" on JD.com. The product stands at 1.72 meters tall and features full size, high performance, and open-source openness, offering three different versions: basic, medium, and high configuration to meet customers' diverse research topic needs in humanoid robotics. The basic version is priced at only 299,000 yuan and supports secondary development by developers. This time, UBTECH and JD.com jointly launched the product online, and Tiangong Walker will be open for orders from global scientific research institutions, universities, and developers.

Baidu Group Co., Ltd. ("Baidu Group") announced the pricing of RMB 4.4 billion of 1.90% senior unsecured notes due 2029. These notes are issued outside the United States in offshore transactions to certain non-U.S. persons under Regulation S of the U.S. Securities Act of 1933, as amended. The company expects to complete the issuance of the notes on or around September 15, 2025, subject to customary closing conditions, and intends to use the net proceeds from the issuance for general corporate purposes, including repaying certain existing debts, paying interest, and general corporate purposes. These notes are expected to be listed on the Hong Kong Stock Exchange ("HKEX").