Chinese Concept Stocks | Alibaba to Sell 100% Stake in Intime to Youngor for ¥7.4 Billion
4min read On December 17th (Tuesday) Eastern Time, the three major U.S. stock indexes collectively closed lower. The S&P 500 Index fell by 0.39% to 6050.61 points; the Dow Jones Index fell by 0.61% to 43449.90 points; and the Nasdaq Index fell by 0.32% to 20109.06 points.
On December 16th, the Nasdaq Golden Dragon China Index fell by 2.19%.
Regarding popular Chinese concept stocks, Bilibili rose by 4.58%, XPeng Motors rose by 3.55%, NIO rose by 2.83%, Pinduoduo rose by 2.82%, Baidu rose by 2.08%, JD.com rose by 1.53%, Alibaba rose by 1.27%, NetEase rose by 0.31%, and TSMC fell by 0.79%.
Amphen Sports saw a recent price change of 3.94%, with a consecutive rise of 5 days, resulting in a cumulative increase of 12.09% during this period. NetEase Technology's recent price change was 1.78%, with a consecutive rise of 5 days, though the cumulative increase during this period is not available. Bosera experienced a recent price change of 3.03%, with a consecutive rise of 5 days, accumulating a 15.25% increase. ZTO Express had a recent price change of 3.51%, with a consecutive rise of 4 days, accumulating a 7.39% increase. Mercurity Fintech's recent price change was 0.82%, with a consecutive rise of 4 days, accumulating a 17.52% increase. DouYu's recent price change was 0.17%, with a consecutive rise of 4 days, accumulating a 4.06% increase. New Oxygen's recent price change was 0.01%, with a consecutive rise of 4 days, accumulating a 0.01% increase. Golden Entertainment's recent price change was 2.72%, with a consecutive rise of 4 days, accumulating a 9.88% increase.
BaiJiaYun experienced a recent price change of -3.64%, with a consecutive decline of 9 days, resulting in a cumulative decrease of -62.89% during this period. JinXuan Group had a recent price change of -2.27%, with a consecutive decline of 7 days, accumulating a decrease of -28.77%. Hutchison Pharmaceuticals saw a recent price change of -0.27%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -15.28%. DaJianYunCang experienced a recent price change of -1.35%, with a consecutive decline of 6 days, accumulating a decrease of -14.98%. CheChe Technology had a recent price change of -0.27%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -10.26%. Tianchen Technology saw a recent price change of -4.59%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -20.56%. DeSveil Industrial's recent price change was -1.65%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -9.51%. YueXiang Holdings experienced a recent price change of -1.13%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -13.77%. NingSheng International saw a recent price change of -4.96%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -17.28%. XingHuiYunYin's recent price change was -15.63%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -96.96%. RiriZhu experienced a recent price change of -9.46%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -12.30%. Boqi Pets had a recent price change of -0.19%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -10.53%. SuXuanTang experienced a recent price change of -6.55%, with a consecutive decline of 6 days, resulting in a cumulative decrease of -29.33%.
Ele.me: Rider Rest Measures Launched Nationwide
Ele.me has implemented rider rest measures nationwide since August this year. If a rider's continuous delivery time is too long, a suggested rest pop-up reminder will be triggered; if the delivery time is excessively long, a short rest will be required. These measures are being continuously improved. Previously, Ele.me introduced a rest rights product that added fatigue reminders and short rest linkage on top of a 20-minute break after 4 hours of continuous orders, better ensuring the rest rights of riders.
Baidu Applies for "Baidu Short Drama" Trademark, Responds: Short Dramas are a Key Development Focus in Current Content Ecosystem
Recently, Baidu took new actions in the short drama field by registering the "Baidu Short Drama" trademark, attracting widespread attention in the industry. A Baidu representative stated that short dramas are a key development focus in the current content ecosystem. The Baidu Short Drama platform has already gathered over 24,000 short dramas. By 2025, there will be a comprehensive upgrade in five areas: distribution, revenue sharing, rewards, exclusive broadcasts, and advertising.
Li Auto: Weekly Sales Reached 14,100 Units Last Week
Li Auto announced on December 17th that in the 50th week of 2024 (12.9-12.15), the weekly sales of Li Auto reached 14,100 units.
Yintai Group: Yintai Department Store is Now a Subsidiary of Alibaba Group, No Direct Affiliation with Yintai Group
Yintai Group released a statement that Alibaba Group announced plans to sell 100% equity of Yintai Department Store to Youngor Group and others. Yintai Group sold Yintai Department Store to Alibaba Group in 2017. Yintai Department Store is now a subsidiary of Alibaba Group and has no direct affiliation with Yintai Group. Yintai Group, as a diversified enterprise, includes subsidiaries such as Yintai Commercial Management Group, Yintai Foundation Group, Yintai Land Group, and Yintai Investment Group. The group's business covers sectors such as retail, commercial real estate operation and development, and equity investment.
XPeng Motors Publishes Related Patents for Humanoid Robots to Improve Dynamic Stability
Tianyancha's intellectual property information shows that Guangzhou XPeng Motors Technology Co., Ltd. recently published the patent for "leg structure and humanoid robot." The abstract and description indicate that to achieve joint bending in humanoid robots, the joint's driving components are typically installed at the corresponding joint, increasing the leg structure's inertia. This requires more energy for acceleration or deceleration during leg movements, potentially affecting the robot's overall performance, such as slow response speed and poor dynamic stability. The invention sets corresponding linear actuators on the thigh and calf support, fully utilizing the space on the thigh and calf support, reducing the inertia of the leg structure, allowing quick response during leg movements, and improving the humanoid robot's dynamic stability.
Trip.com Platform: New Wave of Search Interest Sparked by Transit Visa-Free Policy
Trip.com platform reported that half an hour after the announcement of China's comprehensive relaxation and optimization of transit visa-free policies, the search interest for Chinese destinations on Trip.com's overseas platforms in Europe, America, and Asia-Pacific increased by 85%, 163%, and 116%, respectively. Among them, the search interest for France, Canada, and Russia increased the most.
Youngor Responds to Taking Over Yintai Department Store: Youngor Group and Yintai Management Jointly Invest in Yintai to "Strengthen and Supplement the Chain"
In response to taking over Yintai Department Store, Youngor stated that Youngor Group (Ningbo) Co., Ltd. has always focused on fashion sector investment and development. Its listed company "Youngor Fashion Co., Ltd." is dedicated to fashion industry operations. The group's joint investment with Yintai management aims to "strengthen and supplement the chain," improving the fashion ecosystem. After the investment is completed, Youngor Group will provide Yintai management with ample operational space to support Yintai's further high-quality development.
Alibaba: Plans to Sell 100% Equity of Yintai for 7.4 Billion Yuan to Youngor Group and Others
Alibaba announced that it, along with another minority shareholder, agreed to sell 100% equity of Yintai to a consortium comprising Youngor Group and Yintai management team members. Alibaba currently holds approximately 99% equity of Yintai, and the total consideration for the sale is around 7.4 billion yuan. Alibaba expects to record a loss of about 9.3 billion yuan from the sale of Yintai. The completion of the Yintai sale is subject to China's anti-monopoly review and other customary closing conditions.
Alibaba Confirms Youngor Taking Over Yintai Department Store
According to sources, Alibaba plans to sell its shares in Yintai Department Store, with the buyer being Youngor. Since it does not involve listed company assets, the latter will not issue an announcement. Further transaction details will follow Alibaba's announcement. Currently, Alibaba has clearly established "user-first, AI-driven" as its two strategic focuses and is reorganizing its business priorities around these focal points.
