Chinese Concept Stocks | Baidu Open Sources Wenxin Model 4.5 Series amid Mixed Stock Performance

On June 30th (Monday), Eastern Time, the three major indexes of U.S. stocks collectively closed higher, with the S&P 500 index rising by 0.52% to 6204.95 points; the Dow Jones index rising by 0.63% to 44094.77 points; and the Nasdaq index rising by 0.47% to 20369.73 points.

On June 30th, the Nasdaq China Golden Dragon Index fell by 0.49%.

Regarding popular Chinese concept stocks, NetEase rose by 1.46%, Bilibili rose by 0.14%, XPeng Motors fell by 1.41%, JD.com fell by 1.30%, TSMC fell by 0.92%, NIO fell by 0.87%, Alibaba fell by 0.62%, Pinduoduo fell by 0.46%, and Baidu fell by 0.43%.

In terms of consistently rising Chinese concept stocks, Parkson Bio rose by 3.30% over 11 consecutive days, with an 85.68% increase over the period. Melco Resorts & Entertainment rose by 0.42% over 8 consecutive days, with a 15.13% increase over the period. Tiens Technology rose by 2.03% over 8 consecutive days, with a 134.00% increase over the period. Yum China rose by 0.08% over 7 consecutive days, with a 4.55% increase over the period. SoYoung rose by 30.80% over 7 consecutive days, with a 206.93% increase over the period.

Regarding consistently falling Chinese concept stocks, Sanyi Technology fell by 0.45% over 9 consecutive days, with a 40.43% decrease over the period. Pearl Freight fell by 1.94% over 6 consecutive days, with a 22.31% decrease over the period. Massive Engine fell by 5.63% over 5 consecutive days, with a 66.26% decrease over the period. Pinduoduo fell by 0.46% over 4 consecutive days, with a 2.33% decrease over the period. Baidu fell by 0.43% over 4 consecutive days, with a 1.06% decrease over the period. Li Auto fell by 1.31% over 4 consecutive days, with a 4.98% decrease over the period. New Oriental fell by 0.41% over 4 consecutive days, with a 2.85% decrease over the period. Qifu Technology fell by 2.63% over 4 consecutive days, with a 5.33% decrease over the period. Hutchison MediPharma fell by 0.46% over 4 consecutive days, with a 5.11% decrease over the period. Baozun fell by 0.40% over 4 consecutive days, with a 4.58% decrease over the period. The9 Limited fell by 2.23% over 4 consecutive days, with a 9.67% decrease over the period. E-Long Energy fell by 7.54% over 4 consecutive days, with a 22.88% decrease over the period. Yuehang Sunshine fell by 2.33% over 4 consecutive days, with a 12.50% decrease over the period. Jinsheng Amusement fell by 17.12% over 4 consecutive days, with a 23.97% decrease over the period. Tianrui Xiang fell by 3.25% over 4 consecutive days, with a 7.03% decrease over the period. Tiandi Hui fell by 3.57% over 4 consecutive days, with a 6.67% decrease over the period. Fangdd fell by 2.75% over 4 consecutive days, with a 12.40% decrease over the period. Sun Entertainment fell by 2.52% over 4 consecutive days, with a 15.02% decrease over the period.

On June 30th, Baidu officially open-sourced the Wenxin large model 4.5 series, including 10 models such as the MoE model with 47B and 3B activated parameters, and the dense model with 0.3B parameters. The pre-training weights and inference code are fully open-sourced. The Wenxin large model 4.5 open-source series is now available for download and deployment on platforms like PaddlePaddle Galaxy and HuggingFace, with the open-source model API service also accessible on Baidu Smart Cloud Qianfan large model platform.

Recently, Didi Chuxing announced a deep cooperation with Atour Group, where both parties will open and interconnect their membership systems to jointly build a service experience ecosystem. In this cooperation, Didi mileage members and Atour's membership rights will achieve level interconnection, rights sharing, and scene interconnection, with over 10 cross-border benefits available online, jointly providing users with richer, more diverse, and more comprehensive value-added services that cover more travel scenarios. In recent years, Didi Chuxing has been deepening its cooperation with hotel and travel brands. After the open interconnection of membership systems with Atour Group, users can easily receive the jointly created membership rights with a simple operation, enjoying customized exclusive benefits according to their membership levels: Didi's V5, V6, V7, and V8 mileage members can respectively exchange Atour gold and platinum experience memberships, while Atour's gold and platinum members can correspondingly receive Didi's V5 and V7 level rights.

According to JD.com's spokesperson on Weibo, JD.com issued a solemn statement regarding false information about JD Stablecoin products and business cooperation: We have recently noticed that some companies have released information about cooperating with JD Coin Chain, which is misleading to the industry and public opinion. Please be cautious in distinguishing and beware of "stock recommendation" scams to avoid financial losses. We also remind the public again that JD Coin Chain Technology has not yet begun issuing stablecoins, nor has it established any related community. All information about acquiring JD Stablecoin is suspected of fraud.

He Xiaopeng, Chairman and CEO of XPeng Motors, said in an interview, "After this meeting and industry self-discipline, I believe that in the second half of this year and next year, things will improve." He Xiaopeng stated that tech car companies rely on cash flow to pressure others' payments; even if they pressure for three months, they are still not profitable. If a company is bigger, stronger, and more technological, it should have more social responsibility. I believe that favorable changes are very important.

On June 30th, Ant Group released the "2024 Sustainable Development Report". In 2024, Ant Group will integrate AI capabilities into healthcare, finance, and lifestyle scenarios, launching three AI assistants (health assistant, financial assistant, and lifestyle assistant) that have cumulatively served over 130 million users, with 43% coming from third-tier cities and below.

On June 30th, Taobao announced on its official account that Taobao Flash Sale has named the "Super League" Changzhou team.

According to sources close to JD.com, JD Seven Fresh has completed signing with Tianjin Kerry Center, adding another mall store in Tianjin. In the second half of the year, JD Seven Fresh will open new mall stores in Beijing and Shijiazhuang as well. In addition to mall stores, JD Seven Fresh will also open dozens of satellite small stores, further expanding its market coverage in the North China region.