Chinese Concept Stocks | Alibaba's Strategic Partnership with 'Black Myth: Wukong' Amid Nasdaq Decline
On January 10th (Friday), Eastern Time, the three major U.S. stock indices all fell by more than 1%. The S&P 500 index dropped 1.54% to 5827.04 points; the Dow Jones index fell 1.63% to 41938.45 points; and the Nasdaq index decreased 1.63% to 19161.63 points.
On January 8th, the Nasdaq Golden Dragon China Index dropped 0.67%.
Among popular Chinese concept stocks, Xpeng Motors rose 0.70%, TSMC increased 0.65%, Pinduoduo fell 5.62%, Bilibili decreased 4.83%, Baidu dropped 4.81%, JD.com fell 4.67%, Alibaba decreased 3.78%, NIO fell 3.47%, and NetEase dropped 1.27%.
In terms of continuously rising Chinese concept stocks, NetEase Technology rose 4.78% for 7 consecutive days with a cumulative increase of 20.86%. Wondfo Technology increased 5.36% over 7 days with a cumulative rise of 18.00%. Baird Medical surged 15.82% over 5 days with a cumulative gain of 73.05%. Jiayin Group rose 1.45% over 4 days with a cumulative increase of 7.20%. Yishengxin increased 0.65% over 4 days with a cumulative rise of 32.29%. XChange surged 21.51% over 4 days with a cumulative gain of 45.30%.
Regarding continuously falling Chinese concept stocks, DouYu dropped 1.40% for 9 consecutive days with a cumulative decrease of 9.97%. MicroAlgo fell 2.84% over 7 days with a cumulative decline of 49.63%. Conaide Biopharma decreased 3.14% over 6 days with a cumulative drop of 21.74%. Mercurity Fintech fell 7.84% over 5 days with a cumulative decrease of 28.44%. Minhong Group dropped 4.32% over 5 days with a cumulative decrease of 28.57%. Smart Future plunged 46.78% over 5 days with a cumulative drop of 62.75%. BTC Digital decreased 0.72% over 5 days with a cumulative decline of 24.26%.
"Black Myth: Wukong" Forms Strategic Partnership with Alibaba Pictures' Alifish and Tmall
"Black Myth: Wukong" officially announced a strategic partnership with Alibaba Group's IP operation and commercialization platform Alifish, and Tmall's trendy toy sector. The game is set to join Tmall soon. In the future, "Black Myth: Wukong" will collaborate with Alifish to strengthen its brand influence in the IP derivative field, continuously enhance IP value, and explore new ways to engage with IP.
TSMC's December 2024 Sales Reach 278.16 Billion TWD, Up 57.8% Year-on-Year
TSMC's sales in December 2024 reached 278.16 billion TWD, a year-on-year increase of 57.8%, and a month-on-month growth of 0.8%.
JD App Undergoes Major Redesign, Enters Gray Testing Phase
JD initiated an App redesign project in the second half of 2024, beginning internal testing in mid-to-late October, and it is currently in the gray testing phase. A JD insider stated that the redesign project's priority and importance rank among the top three for the second half of 2024. After going live, a company-wide notification was issued to collect feedback. Currently, some users in the gray testing phase see four main entries on the JD app's homepage: "Special Offers," "Home," "Flash Delivery," and "New Products." However, some users only see three main entries, with "Special Offers" removed. In summary, "Special Offers" and "New Products" are becoming anchors for JD to boost retail vitality, while "Flash Delivery" remains a hope for creating new growth.
