Chinese Concept Stocks | Alibaba Surges Amid DeepSeek Investment Rumors, Chinese Dragon Index Rises 2.69%

On February 7th, Eastern Time (Friday), the three major U.S. stock indexes collectively closed down. The S&P 500 Index fell by 0.95% to 6025.99 points; the Dow Jones Index fell by 0.99% to 44303.40 points; and the Nasdaq Index fell by 1.36% to 19523.40 points.

On February 6th, the Nasdaq Golden Dragon China Index rose by 2.69%. Among popular Chinese stocks, Alibaba rose by 3.14%, Bilibili rose by 2.49%, Pinduoduo rose by 1.38%, NetEase rose by 0.94%, NIO rose by 0.83%, Baidu rose by 0.57%, JD.com rose by 0.40%, TSMC fell by 2.07%, and XPeng Motors fell by 1.02%.

Best Group had no change in its latest price, maintaining a 7-day streak with a cumulative increase of 1.11%. Antelope Enterprise Holdings rose by 0.62% over 6 days, with a cumulative increase of 11.81%. Weibo increased by 0.19% over 5 days, with a cumulative increase of 9.57%. JOYY Inc. increased by 1.91% over 5 days, with a cumulative increase of 6.85%. 21Vianet Group increased by 0.67% over 5 days, with a cumulative increase of 29.12%. Shengfeng Development Limited increased by 0.49% over 5 days, with a cumulative increase of 6.25%. Nisun International Enterprise Development Group increased by 0.86% over 5 days, with a cumulative increase of 18.66%.

Hao Xi Health recorded a decline of 2.56% over 8 consecutive days, with a cumulative decrease of 48.65%. Emeren Group fell by 0.57% over 6 days, with a cumulative decrease of 8.90%. Bit Origin fell by 10.00% over 6 days, with a cumulative decrease of 26.16%. Star Group International fell by 9.56% over 5 days, with a cumulative decrease of 32.44%. XChange fell by 8.96% over 5 days, with a cumulative decrease of 21.60%.

Federal Reserve's Kugler: Keeping the Policy Rate at Current Levels is Justifiable
Federal Reserve's Kugler stated that keeping the policy rate at current levels is justifiable.
Alibaba Planning a $1 Billion Investment in DeepSeek? No Response from Both Sides Yet
Alibaba's U.S. stocks surged by over 6% before the market opened. There are market rumors that Alibaba plans a $1 billion investment in DeepSeek. As of press time, inquiries made to both Alibaba and DeepSeek have yet to receive a response.
Alibaba Mama Officially Launches the "2025 New Year Winning Plan"
Alibaba Mama announced the official launch of the "2025 New Year Winning Plan." Merchants can sign up to participate in the 2025 New Year Winning "Consumption Rebate" plan and the "Site-wide Product Promotion" plan. On February 13th, Alibaba Mama will host a live broadcast event titled "AI Win New·Quality Growth" to analyze early-year marketing strategies and key issues at the 38th promotion node, providing merchants with rights interpretation and practical guidance.
Rumor Monger Apologizes for Falsely Claiming Dongfang Zhenxuan Charged Promotional Fees, Ordered to Pay 36,000 Yuan
On February 7th, Dongfang Zhenxuan announced that Beijing Internet Court has ruled on a case of online infringement involving a person named Cui, determining that the defendant's statements were false and infringed on Dongfang Zhenxuan's reputation. The court ordered the defendant to post a pinned apology statement on their Douyin account and compensate Dongfang Zhenxuan 36,000 yuan. On June 22, 2024, Dongfang Zhenxuan, invited by Guizhou Provincial Department of Commerce, participated in the "Dongfang Zhenxuan·Guizhou Tour" live broadcast event. Subsequently, the defendant used Douyin accounts like "Sister Dongpo" and "The Little Prince's 44th Sunset" to fabricate and publish multiple rumors against Dongfang Zhenxuan, falsely claiming that "Dongfang Zhenxuan charged the Guizhou provincial government a seven-digit promotional fee for the cultural tourism live broadcast" and falsely claiming "related communication original recordings" as evidence, misleading a large number of netizens. According to third-party statistics, the fabricated rumors had over 4.3 million views and attracted over 8,000 likes.
EHang Holdings: Over 60,000 Safe Flights Completed by EH216 Series eVTOL Aircraft by Year-End
By the end of 2024, EHang Holdings' EH216 series eVTOL aircraft have completed over 60,000 safe flights across 18 countries worldwide. Previously, many eVTOL companies leveraged the CCTV Spring Festival Gala to promote their products, such as Fengfei Aviation's debut of the V2000CG Kerry Gull aircraft with CATL battery, and EHang's "seven-aircraft flying" demonstration at the Wuhan sub-venue, along with a "dual-aircraft dance" performance near the Guangzhou Tower just before the countdown to midnight. EHang Holdings COO Wang Zhao stated that EHang's appearance at the Spring Festival Gala significantly increased public awareness of the "air taxi" concept and the low-altitude economy, thanks to the Gala's vast audience reach. In the past, the low-altitude economy and "air taxis" were relatively unfamiliar to many, but the Gala's display showcased their charm and potential, sparking public interest and attention in low-altitude travel.