Chinese Concept Stocks | Alibaba's U.S. Shares Rise Amid AI Collaboration Rumors with Apple

On February 11 (Tuesday) Eastern Time, the three major U.S. stock indices showed mixed performances. The S&P 500 index rose 0.03%, closing at 6068.50 points; the Dow Jones index increased by 0.28%, closing at 44593.65 points; and the Nasdaq index fell by 0.36%, closing at 19643.86 points.

On February 10, the Nasdaq Golden Dragon China Index rose by 2.61%. Among popular Chinese concept stocks, Alibaba rose 1.30%, Pinduoduo increased by 0.98%, NetEase gained 0.53%, TSMC climbed 0.45%, while XPeng Motors fell 6.82%, NIO decreased by 6.58%, Baidu dropped 4.70%, Bilibili declined 3.98%, and JD.com fell 3.25%.

In terms of stocks with consecutive gains, Eureka Acquisition rose by 0.10% over 21 consecutive days, achieving a cumulative increase of 0.49%. BEST Inc. climbed by 0.42% over 9 consecutive days, with a cumulative increase of 1.54%. EHang rose by 1.02% over 6 consecutive days, with a cumulative increase of 24.09%. Sohu increased by 1.94% over 6 consecutive days, with a cumulative increase of 16.71%. Rising Dragon rose by 0.20% over 6 consecutive days, with a cumulative increase of 0.30%.

For stocks with consecutive declines, SanYi Technology fell by 0.38% over 6 consecutive days, with a cumulative decrease of 8.36%. Next Technology fell by 2.44% over 6 consecutive days, with a cumulative decrease of 16.08%. Dingxin Holdings dropped by 4.29% over 5 consecutive days, with a cumulative decrease of 29.47%. U.S. Green Planet fell by 3.54% over 5 consecutive days, with a cumulative decrease of 18.96%. MicroAlgo fell by 7.52% over 5 consecutive days, with a cumulative decrease of 22.15%. Golden Sun dropped by 7.18% over 5 consecutive days, with a cumulative decrease of 13.29%.

Alibaba's U.S. stock price increased by 2.3%, rumored to cooperate with Apple
On the evening of February 11, Alibaba's U.S. stock price increased by more than 2% after the market opened. It is rumored that Apple has reached a cooperation with Alibaba to develop artificial intelligence features for Chinese iPhone users. Alibaba has not yet responded to inquiries regarding this matter.

Mexican Economy Minister: U.S. steel and aluminum tariffs are an "unjustified blunder"
On February 11, Mexican Economy Minister Marcelo Ebrard commented on the U.S. government's tariffs on global steel and aluminum, stating that Mexico is a major destination for U.S. steel exports and imports more steel and aluminum from the U.S. than it exports. Imposing tariffs is an "unjustified blunder." Ebrard announced plans to hold discussions with the U.S. Commerce Secretary on steel and aluminum tariffs next week.

Apple and Alibaba to develop AI features for Chinese iPhone users
According to reports, Apple has recently started collaborating with Alibaba Group to introduce artificial intelligence features in China. This move is part of Apple's strategy to address declining sales in China by offering more appealing software features. the joint AI features developed by Apple and Alibaba have been submitted to Chinese internet regulators for approval, indicating significant progress in the partnership. Apple began testing various AI models from renowned Chinese developers in 2023 and initially chose Baidu as the main partner. However, the collaboration faced challenges due to Baidu's progress not meeting Apple's standards for developing "Apple Intelligence" models. Apple has been considering other options, evaluating models from Tencent, ByteDance, Alibaba, and Deepseek, ultimately dropping Deepseek's model due to a lack of necessary manpower and experience to support large clients like Apple.

Alibaba Cloud's AI expert Hu Renjun joins East China Normal University
Another young talent has transitioned from the corporate sector to academia. On February 11, it was discovered that Hu Renjun, an AI expert from Alibaba Cloud, recently joined the School of Data Science and Engineering at East China Normal University as a young researcher and Zijin Young Scholar.

Longi Green Energy sues JinkoSolar for patent infringement in Shandong
Longi Green Energy has filed a lawsuit against JinkoSolar for patent infringement in Shandong. The lawsuit was filed in Jinan Intermediate People's Court, demanding an immediate halt to the manufacturing, sales, and promises of sales of the allegedly infringing products. The court has accepted the case, with a trial expected on March 20. This countersuit follows Longi's similar legal actions against JinkoSolar in the U.S. earlier this year. In early January, JinkoSolar sued Longi for patent infringement in Nanchang, Jiangxi, and on January 21, Longi countersued JinkoSolar in the U.S. for infringing TOPCon technology patents. On January 24, JinkoSolar filed a patent infringement lawsuit against Longi's Japanese subsidiary in Tokyo, Japan. On February 4, JinkoSolar's Australian subsidiary filed a patent infringement lawsuit against Longi's Australian company in the Federal Court of Australia. Sources indicated that the patents JinkoSolar bases its lawsuit against Longi on were acquired from multiple photovoltaic patent packages purchased from Korea's LG.

Trip.com Group: Baidu-nominated director He Junjie resigns
Trip.com Group announced that He Junjie, a director nominated by Baidu Group, resigned from his position as a board member, effective February 11, 2025. Baidu Group Executive Vice President Luo Rong has been appointed as a director of Trip.com Group. Luo Rong previously served as Baidu's CFO and held significant management positions in companies such as TAL Education Group, holding multiple degrees and a doctoral degree.

JD Delivery launches zero commission recruitment for merchants
On February 11, JD Delivery officially launched its "quality dine-in restaurant merchants" recruitment. JD also stated that for the merchants who have signed up, commissions will be adjusted to zero starting from midnight on February 11 for the entire year. Currently, JD Delivery only accepts "quality dine-in restaurants."

Ele.me organizational adjustment: Wu Zeming appointed CEO
On February 11, it was reported that Ele.me Chairman Wu Zeming (alias: Fanyu) announced the latest organizational adjustment within the company through an internal letter. Effective immediately, Wu Zeming will also serve as Ele.me's CEO, while Han Liu (alias: Haochen) will focus on managing the Instant Logistics Center and continue to report to Wu Zeming. Wu Zeming emphasized in the internal letter that considering the strategic importance of instant logistics as Ele.me's second growth curve, the management division adjustment was made.

JD Delivery officially launches "quality dine-in restaurant merchants" recruitment
On February 11, JD Delivery officially launched its "quality dine-in restaurant merchants" recruitment! Merchants who join before May 1, 2025, will enjoy zero commission for the entire year. To better meet consumers' pursuit of "food safety and quality takeout," recruitment is limited to "quality dine-in restaurants." JD Delivery will provide comprehensive support to help merchants benefit and jointly promote the healthy and sustainable development of the takeout industry.

TSMC board may decide to accelerate the "move to the U.S." for advanced processes
This week, TSMC will hold its board meeting in Arizona, USA, for the first time. Insiders reveal that to persuade former President Trump not to impose tariffs on imported chips, TSMC's board may decide to accelerate the steps to move advanced processes to the Arizona wafer fab, establish advanced packaging capabilities in the U.S., or commit to expanding investment.

BYD to launch over ten models equipped with Hesai LiDAR by 2025
Hesai Technology announced today that it will deepen its cooperation with BYD in intelligent driving and is about to enter the stage of large-scale mass production. By 2025, more than ten models under BYD will be equipped with Hesai LiDAR and launched successively.

Alibaba founder Jack Ma reappears at Alibaba Park
After appearing at Alibaba Park at the end of last year, today (February 11), Alibaba's founder Jack Ma once again appeared at Alibaba Park. It is reported that after the opening of the Hong Kong stock market today, Alibaba's stock price hit a new high, reaching 108.6 Hong Kong dollars at its peak. Since the beginning of the year, Alibaba's stock price has risen by nearly 28%.

Zhihu's AI search integrates DeepSeek-R1 model, enhancing inference capabilities
Zhihu announced that its AI search product Zhihu Direct Answer has integrated the full-power DeepSeek-R1 model. Currently, the DeepSeek-R1 model's capabilities have been integrated and launched on the Zhihu Direct Answer web page and Zhihu App. In addition, Zhihu Direct Answer also launched a knowledge base function, which includes modules for local file uploads, web page collections, RSS subscriptions, and Zhihu favorites. Users can use the DeepSeek-R1 model to extract, analyze, and share information from papers, documents, web pages, and Zhihu Q&A, facilitating the construction and management of users' personal knowledge bases.