Chinese Concept Stocks | Alibaba Rises 2.92% on 25th Anniversary, XPeng Gains 2.58%

On September 10th (Tuesday) Eastern Time, the three major U.S. stock indexes showed mixed performance. The S&P 500 index rose by 0.45%, closing at 5495.52 points; the Dow Jones index fell by 0.23%, closing at 40736.96 points; and the Nasdaq index rose by 0.84%, closing at 17025.88 points.

On September 10th, the Nasdaq Golden Dragon China Index rose by 0.06%.

Among popular Chinese concept stocks, Alibaba rose by 2.92%, XPeng Motors rose by 2.58%, Pinduoduo rose by 0.65%, Baidu rose by 0.52%, JD.com rose by 0.35%, NIO fell by 1.53%, NetEase fell by 1.47%, Bilibili fell by 0.33%, and TSMC fell by 0.18%.

Consecutive Rising Chinese Concept Stocks: Jiayin Group rose by 3.95% for 5 consecutive days, with a cumulative increase of 8.64% over the period. Pamoja rose by 1.75% for 5 consecutive days, with a cumulative increase of 10.43%. RLX Technology rose by 0.59% for 4 consecutive days, with a cumulative increase of 1.80%. JOYY Inc. rose by 0.11% for 4 consecutive days, with a cumulative increase of 3.50%. Vipshop rose by 1.81% for 3 consecutive days, with a cumulative increase of 4.60%. Zai Lab rose by 1.70% for 3 consecutive days, with a cumulative increase of 3.36%. Dtree Cloud rose by 10.73% for 3 consecutive days, with a cumulative increase of 25.24%. China Auto Logistics rose by 17.65% for 3 consecutive days, with a cumulative increase of 7.69%. Emeren Group rose by 9.57% for 3 consecutive days, with a cumulative increase of 24.46%. LakeShore Biopharma rose by 1.56% for 3 consecutive days, with a cumulative increase of 3.39%. Shineco rose by 6.75% for 3 consecutive days, with a cumulative increase of 14.31%. Connect Biopharma rose by 0.79% for 3 consecutive days, with a cumulative increase of 6.72%. Honliv Group rose by 1.52% for 3 consecutive days, with a cumulative increase of 4.71%. 17 Education & Technology Group rose by 1.99% for 3 consecutive days, with a cumulative increase of 4.06%. Senmiao Technology rose by 1.49% for 3 consecutive days, with a cumulative increase of 20.35%. Huize rose by 4.44% for 3 consecutive days, with a cumulative increase of 7.43%. Lixiang Education rose by 3.50% for 3 consecutive days, with a cumulative increase of 9.92%.

Consecutive Falling Chinese Concept Stocks: X3 Holdings fell by 2.63% for 8 consecutive days, with a cumulative decrease of 37.50% over the period. Meituan Technology fell by 0.13% for 7 consecutive days, with a cumulative decrease of 3.64%. Star International fell by 5.10% for 5 consecutive days, with a cumulative decrease of 18.91%. Qilian International fell by 0.47% for 5 consecutive days, with a cumulative decrease of 24.19%. OneConnect Financial Technology fell by 3.30% for 5 consecutive days, with a cumulative decrease of 23.09%. Tongcheng Tongmei fell by 5.05% for 5 consecutive days, with a cumulative decrease of 17.54%.

Alibaba's 25th Anniversary: Jack Ma Speaks Internally
On September 10th, Alibaba celebrated its 25th anniversary. Jack Ma posted on Alibaba's intranet to encourage Alibaba employees: "The reason why Alibaba is Alibaba is because we have an idealistic spirit. We believe in the future, we believe in the market, and we believe that only kind companies that create real value for society can persist for 102 years." Looking to the future, he directly mentioned the current rapid development of internet AI technology and the fierce competition in various industry fields. Many of Alibaba's businesses are facing challenges. He said, "No company can always stay at the top in any field, and only competition can make us stronger and the industry healthier. Moreover, Alibaba has never been a company protected from competition. We must always remind ourselves not to lose our identity under competitive and situational pressure."

Alibaba Included in Southbound Connect: Net Buy of Nearly 8.5 Billion HKD on First Day
On September 10th, southbound funds had a net buy of 9.289 billion HKD. Among them, Alibaba, China Construction Bank, and CNOOC ranked the top three in net buy amounts, with 8.471 billion HKD, 443 million HKD, and 361 million HKD, respectively. On the net sell side, Hong Kong Exchanges and Clearing, Meituan, and Tencent Holdings had net sells of 769 million HKD, 402 million HKD, and 345 million HKD, respectively.

Li Auto: Weekly Sales Reached 10,700 Units from September 2nd to September 8th
According to Li Auto, in the 36th week of 2024 (September 2nd to September 8th), Li Auto's weekly sales reached 10,700 units.

Alibaba Cloud's Singapore Node Collapsed: Customer Service Response
There were reports that Alibaba Cloud's Singapore node experienced a network collapse. At 13:15 today, a reporter called Alibaba Cloud's customer service hotline, and the relevant staff stated that at 10:00 this morning, network access in Alibaba Cloud's Singapore region availability zone C experienced abnormalities. Alibaba Cloud engineers are urgently handling the situation. The staff also added that the abnormality was due to a fire in the Singapore data center.

TSMC's August 2024 Sales Reached 250.87 Billion NTD, a Year-on-Year Increase of 33%
TSMC recently announced its latest August revenue: consolidated sales reached 250.87 billion NTD (approximately 55.608 billion CNY), a year-on-year increase of 33%, but a month-on-month decrease of 2.4%. TSMC's total revenue from January to August 2024 was 1.77397 trillion NTD (approximately 393.222 billion CNY), a year-on-year increase of 30.8%.

JD.com, Taobao, and Other 62 Apps Completed Rectification
On September 10th, the China Cyberspace Security Association released a list of apps that have completed compliance rectification for personal information collection and usage. The 62 app operators have launched compliant versions in app stores and promised to maintain compliance in upgraded versions. JD.com, Taobao, Vipshop, Amap, Huawei Browser, Toutiao, Tencent Video, and other apps are included.

MONA M03 Orders Exceed 2,000 Units Daily: XPeng Motors Adjusts Production Schedule
A reporter learned that XPeng Motors recently adjusted its production schedule. To ensure the improvement of MONA M03's production capacity, quality, and delivery efficiency, XPeng Motors required supplier partners to respond actively and quickly achieve the goals. XPeng Motors stated that after locking in 30,000 orders within 48 hours of MONA M03's launch, recent orders exceeded 2,000 units per day.

Zhejiang MYbank Cancels Issuance of "24 Zhejiang MYbank Micro and Small Enterprise Debt 01"
Zhejiang MYbank Co., Ltd. announced that it originally planned to bookbuild and issue 20+10 billion CNY of "24 Zhejiang MYbank Micro and Small Enterprise Debt 01" on September 10th, 2024. Considering the bank's financing needs and recent market conditions, the bank and the bookrunner have agreed to postpone the issuance.

Oriental Selection's Operations Not Easy to Replicate: "Gaotu Preferred" Live Broadcast Temporarily Suspended
Recently, a screenshot of the "Gaotu Preferred" fan group circulated online. According to the image, "Gaotu Preferred" informed the group that the live broadcast room would be temporarily suspended to "better enhance our live content and service positioning, bringing everyone a new experience and higher quality content," but the resumption time is yet to be determined. Douyin live broadcast data shows that the last live broadcast of the "Gaotu Preferred" live room was on September 5th. Although "Gaotu Preferred" claimed the suspension was to improve content, the outside world generally believes it was because "Gaotu Preferred" failed to generate significant traffic and sales.

TSMC to Introduce High-NA EUV Equipment by End of September at Discounted Price
TSMC will introduce its first high numerical aperture extreme ultraviolet (High-NA EUV) lithography machine by the end of September. It is reported that the purchase price is far below the original single-unit price of 350 million euros (approximately 2.747 billion CNY).