Chinese Concept Stocks | Alipay Expands Access on JD.com Amid Nasdaq China Golden Dragon Index Dip
3min read On October 29 (Tuesday), Eastern Time, the three major U.S. stock indices were mixed. The S&P 500 index rose by 0.16%, closing at 5832.92 points; the Dow Jones index fell by 0.36%, closing at 42233.05 points; the Nasdaq index rose by 0.78%, closing at 18712.75 points.
On October 29, the Nasdaq Golden Dragon China Index fell by 1.44%.
Among popular Chinese concept stocks, NetEase rose by 1.53%, TSMC increased by 1.23%, Baidu rose by 0.49%, XPeng Motors fell by 4.29%, NIO decreased by 3.70%, Bilibili dropped by 1.35%, JD.com fell by 1.20%, Pinduoduo decreased by 0.43%, and Alibaba fell by 0.11%.
Companies with consecutive rising Chinese concept stocks include: Mingteng with a recent increase of 0.75% over 8 consecutive days, achieving a cumulative increase of 75.22%; Lichen China with a rise of 3.21% over 7 days, totaling a 9.66% increase; Star Fashion with a 0.27% rise over 5 days, totaling 4.34%; Yuehang Sunshine with a 22.26% rise over 5 days, achieving an 84.57% increase; Opera Browser with a 10.08% rise over 4 days, totaling 18.13%; ACM Research with a 1.40% increase over 4 days, totaling 4.64%; ECARX Technologies with a 1.65% increase over 4 days, totaling 6.14%; Xinghui Cloud Print with a 5.38% increase over 4 days, totaling 21.37%; TYAN Bio with a 2.65% increase over 4 days, totaling 8.77%; Viomi Technology with a 1.85% increase over 4 days, totaling 7.00%; Haichuan Securities with a 0.49% rise over 4 days, totaling 12.09%; Junzhang Digital Technology with a 15.68% increase over 4 days, totaling 29.38%; Zhengkang International with a 3.11% increase over 4 days, totaling 10.35%; and BTC Digital with a 12.09% increase over 4 days, totaling 26.63%.
Companies with consecutive falling Chinese concept stocks include: Metaverse Cloud Hologram with a recent decline of -0.89% over 10 days, achieving a cumulative decrease of -40.99%; Boqi Pet with a decline of -2.64% over 6 days, totaling -31.36%; Land Control with a decline of -3.28% over 5 days, totaling -13.11%; Xiaoi Robot with a decline of -9.74% over 5 days, totaling -18.80%; Origin Agritech with a decline of -1.52% over 5 days, totaling -15.03%; GD Culture Group with a decline of -6.47% over 5 days, totaling -17.62%; Oriental Culture with a decline of -0.37% over 5 days, totaling -9.52%; and Carbon Master Holdings with a decline of -2.98% over 5 days, totaling -27.23%.
Chinese Concept Stocks News
Alipay responds to JD.com's integration: Continuously expanding openness to create greater value
It was reported that JD Mall has now opened Alipay payment, and some users have successfully completed payments. In response, Alipay confirmed this information and stated that Alipay will continue to expand its openness, exploring interconnectivity and deepening cooperation with different platforms to create greater value for merchants and consumers.
JD.com responds to Alipay support within the app: Aims to provide more payment options for consumers
On the afternoon of October 29, it was reported that JD Mall has opened Alipay payments alongside JD Pay, WeChat Pay, and UnionPay. Some users have successfully completed purchases using Alipay. The report states that during tests, the "Alipay payment" option appeared for some products, with tools like Yu'e Bao available. It's also reported that both parties are promoting JD Pay's integration with Taobao and Tmall. JD.com stated it always adheres to the "customer first" philosophy, actively exploring and promoting interconnectivity across platforms for mutual benefit and seeking to optimize customer experience and create industry value. The integration with Alipay can offer more payment options for consumers, helping merchants reduce costs and improve efficiency, and enhancing the shopping experience.
TSMC: Kaohsiung plant construction progressing well, 2nm mass production expected in 2025
According to reports, TSMC's first 2nm plant in Kaohsiung will hold an equipment installation ceremony on November 26, with installations starting on December 1. On October 29, TSMC did not respond directly but stated that the construction of the Kaohsiung wafer plant is proceeding as planned, with good progress. The 2nm production is expected to commence as scheduled in 2025.
XPeng Motors: Targeting over 10,000 self-operated charging stations by 2026
XPeng Motors revealed that it currently operates over 1,620 self-operated charging stations, with 80% located in first-tier cities. By 2026, it aims to surpass 10,000 self-operated charging stations, covering over 420 cities, with 75% of charging sites offering quality facilities (shopping malls, hotels, office buildings).
E-commerce "Double 11" mid-term results released, Tmall beauty transaction scale exceeds 50%
With the "Double 11" promotion halfway through, various platforms' performance is being released. According to a report, during the first phase of the promotion, Taotian had a significant advantage across multiple core categories. In the beauty category, Taotian accounted for 50.9%, Douyin for 28.2%, and JD.com for 20.9%. In terms of market scale, Taotian's beauty category is notably leading, almost double that of the second place.
Miniso's Ye Guofu: Pang Donglai is a myth in China's retail industry, constructing a new commercial civilization
On the afternoon of October 29, at the Miniso 2024 Global Brand Strategy Upgrade Results Conference, Miniso's founder, board chairman, and CEO Ye Guofu delivered a keynote speech "Chinese Brands Create Greatness," discussing the global retail transformation and development for the first time. Ye Guofu stated that Chinese brands are entering a great development period. In this opportunity, China's retail industry is facing an unprecedented breakthrough opportunity, with a reshuffling of the global retail industry. Once glorious brands are declining, new brand myths are emerging, and innovative models are continuously appearing, changing traditional consumption habits. "Wherever Sam's Club and Costco go, they are remarkable. Pang Donglai is a myth in China's retail industry, pushing quality retail to an unattainable height, and is constructing a new commercial civilization in China. As a highly globalized Chinese brand, Miniso is shining globally with its IP collaboration features," said Ye Guofu.
