Chinese Concept Stocks | Baidu and Merchants Group Sign Strategic Cooperation Agreement Amid Stock Gains

On September 15 (Monday) Eastern Time, the three major U.S. stock indices collectively closed higher. The S&P 500 index rose by 0.47% to 6615.28 points; the Dow Jones index increased by 0.11% to 45883.45 points; the Nasdaq index climbed by 0.94% to 22348.75 points.

On September 15, the Nasdaq Golden Dragon China Index rose by 0.87%.

Regarding popular Chinese concept stocks, Bilibili rose by 6.41%, NIO increased by 4.34%, Xpeng Motors rose by 2.25%, Alibaba increased by 1.94%, Pinduoduo rose by 1.56%, NetEase increased by 1.33%, TSMC increased by 0.79%, Baidu rose by 0.04%, and JD.com fell by 0.15%.

Consecutive Rising Chinese Concept Stocks: Lixiang Education increased by 6.28% over 9 consecutive days, with a cumulative rise of 30.26% during the period. ATIF Holdings rose by 9.01% over 9 days, with a cumulative increase of 68.64%. ECARX Technologies rose by 4.00% over 7 consecutive days, with a cumulative increase of 18.95%. GD Culture Group increased by 20.57% over 7 days, with a cumulative rise of 150.13%. Ata Creativity rose by 1.88% over 6 days, with a cumulative increase of 6.63%. Jiuzi New Energy rose by 0.97% over 6 days, with a cumulative increase of 29.34%. Ebang International increased by 10.49% over 6 days, with a cumulative rise of 27.57%. Genetron Holdings rose by 36.02% over 6 days, with a cumulative increase of 80.04%.

Consecutive Falling Chinese Concept Stocks: Ritu Eco fell by 3.68% over 5 consecutive days, with a cumulative decline of 40.45%. MINISO fell by 0.32% over 4 days, with a cumulative decrease of 4.75%. Sanhe Intelligent fell by 19.47% over 4 days, with a cumulative decline of 49.50%. Yison Technology fell by 6.01% over 4 days, with a cumulative decrease of 14.91%. Sowell fell by 0.96% over 4 days, with a cumulative decline of 16.26%. Tianyuan Biopharma fell by 5.80% over 4 days, with a cumulative decrease of 15.60%. Jiayou Holdings fell by 16.17% over 4 days, with a cumulative decline of 38.86%. Deswell Industries fell by 3.13% over 4 days, with a cumulative decrease of 7.16%. Jiayu Da fell by 2.97% over 4 days, with a cumulative decline of 18.30%. Pintec fell by 0.80% over 4 days, with a cumulative decrease of 13.91%. Rocos fell by 7.05% over 4 days, with a cumulative decline of 74.88%. Tiandi Hui fell by 2.60% over 4 days, with a cumulative decrease of 6.66%. Internet Technology Packaging fell by 1.14% over 4 days, with a cumulative decline of 23.14%. Zeta Network fell by 7.19% over 4 days, with a cumulative decrease of 29.22%.

Chinese Concept Stock News:

Baidu Group: Application for Listing of 4.4 Billion Yuan Senior Notes
Baidu Group announced that it has applied to the Hong Kong Stock Exchange for the listing and trading of 4.4 billion yuan of 1.9% senior notes, issued only to professional investors. The listing and trading are expected to take effect on September 16, 2025. These notes will mature in 2029.

China Merchants Group Signs Strategic Cooperation Framework Agreement with Baidu Group
On September 15, China Merchants Group and Baidu Group signed a strategic cooperation framework agreement in Shenzhen. China Merchants Group Chairman Miao Jianmin and Baidu Founder Robin Li held talks and witnessed the signing. Miao Jianmin stated that there is a solid foundation for cooperation between China Merchants Group and Baidu Group. Artificial intelligence is a key focus for China Merchants Group's next development steps. They hope to deepen cooperation in areas such as digital intelligence, equity investment, finance, logistics, property management, and leasing through the agreement, especially strengthening cooperation in cloud computing, AI large models, and innovative pharmaceuticals. Robin Li expressed that in the future, both parties look forward to working on large model applications, agents, digital humans/digital employees, and other areas, focusing on specific business scenarios to create quantifiable and sustainable industrial intelligence outcomes.

Baidu Completes Issuance of 4.4 Billion Yuan Senior Notes
Baidu announced the successful issuance of 4.4 billion yuan in senior notes.

EHang Reaches Cooperation with Kazakhstan's Allur Group
On the evening of September 15, EHang announced its cooperation with Kazakhstan's large commercial group, Allur Group, to explore emerging markets in Central Asia. According to the cooperation agreement, both parties will promote the procurement of the EH216 series products and complete the commercial implementation layout for the EH216-S airworthiness certification in Kazakhstan. Allur Group plans to purchase 50 EHang EH216 series eVTOL products in stages, with the first order including 10 EH216-S passenger aircraft and 10 EH216-L logistics aircraft. Additionally, both parties will explore building a localized eVTOL assembly base with an annual capacity of 200 units, which will become the first eVTOL production base in Central Asia, serving Kazakhstan and other Central Asian countries.

Jinko Solar: Inquiry Transfer Price Set at 4.9 Yuan per Share
According to the inquiry and subscription situation on September 15, 2025, Jinko Solar announced that the preliminary inquiry transfer price is set at 4.9 yuan per share. A total of 25 institutional investors participated in this inquiry transfer, including fund management companies, insurance companies, securities companies, private fund managers, and qualified foreign investors. The shares proposed for transfer have been fully subscribed, with the preliminary transferees being 22 institutional investors and the total number of shares proposed for transfer being 400 million shares.

Ant Group Showcases Secure and Trustworthy AI Technology During 2025 National Cybersecurity Week
During the 2025 National Cybersecurity Week held in Kunming, Yunnan, Ant Group showcased its innovative achievements in AI security, data protection, network security, and intelligent risk control. Notably, the first global framework for secure connection of smart glasses, gPass, was introduced. It addresses challenges such as ecosystem fragmentation and limited application scenarios in the AI glasses industry, building a secure information bridge between AI glasses and intelligent entities through the core capabilities of security, interaction, and connection. Additionally, Ant Group showcased other cutting-edge security technologies, including the ASL for intelligent entity security, the Ant Tianjian large model security solution, and the product Dense Trusted Data Space for data and privacy security. Ant Group emphasized that security technology is its foundation, committed to providing a secure and reliable technological base for digital transformation.

Hesai Technology Signs Lidar Order Worth Over $40 Million with Leading U.S. Robotaxi Company
On September 15, Hesai Technology announced further deepening its cooperation with a leading U.S. Robotaxi company by signing a lidar order worth over $40 million. Hesai will serve as its sole lidar supplier, providing long-range and short-range lidar products, with the order expected to be completed by the end of 2026.

NIO-JAC Joint Venture Company Canceled
Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd.'s registration status has changed from existing to canceled. In June this year, the company had announced its cancellation due to a resolution to dissolve, with the announcement period from June 10 to July 24. Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. was established in March 2021, with Li Ming as the legal representative and a registered capital of 510 million yuan. Its business scope includes the production of road motor vehicles, production line management services, and supply chain management services. Shareholder information shows that the company was jointly held by NIO Holdings Co., Ltd. and Anhui Jianghuai Automobile Group Co., Ltd.

NIO Actively Responds to the China Association of Automobile Manufacturers' Initiative
NIO stated that it actively responds to the China Association of Automobile Manufacturers' initiative regarding the payment norms for supplier accounts by complete vehicle enterprises. NIO is committed to being a user enterprise leading in technology and experience, existing for user satisfaction, and through technological innovation, developing ultimate products, providing services that exceed expectations, and building a community of mutual growth. A healthy development of the supply chain system is the foundation for ensuring product quality, enhancing user experience, and promoting high-quality development of the automotive industry. We will establish long-term stable, mutually beneficial, and win-win cooperative relationships with partners, implementing high-quality supplier payment commitments and the initiative, and are committed to building a collaborative and win-win development ecosystem of "vehicle-parts" with partners, jointly promoting high-quality development of the automotive industry, and creating a sustainable and better future.

Li Auto Actively Implements Industry Initiatives and Policies
Li Auto actively responds to the association's initiative and the call of the Ministry of Industry and Information Technology, firmly implementing the guidance of the Ministry. The company will fulfill its commitment to pay within 60 days, strictly implementing standards for timely acceptance, reconciliation, and settlement of goods, ensuring that partners can operate with peace of mind and develop steadily. Additionally, Li Auto stated that the trust and support of partners are the driving forces for continuous progress. In the future, Li Auto will work hand in hand with upstream and downstream enterprises to establish stable, mutually beneficial, and win-win cooperative relationships, jointly building a healthy, sustainable, and high-quality development automotive industry chain ecosystem, and sharing the dividends of industrial development.