Chinese Concept Stocks | Baidu and Uber to Launch Self-Driving Cars in Asia and Middle East

On July 15th, Eastern Daylight Time (Tuesday), the three major U.S. stock indices showed mixed trends. The S&P 500 Index fell by 0.40% to 6243.76 points; the Dow Jones Index dropped by 0.98% to 44023.29 points; and the Nasdaq Index rose by 0.18% to 20677.80 points.

On July 15th, the Nasdaq Golden Dragon China Index increased by 2.76%.

Among popular Chinese concept stocks, Baidu rose by 8.65%, Alibaba increased by 8.11%, Bilibili climbed by 7.35%, JD.com went up by 4.03%, TSMC rose by 3.61%, Pinduoduo increased by 2.59%, NetEase climbed by 2.49%, NIO went up by 2.16%, and XPeng Motors rose by 1.56%.

Companies with consecutive gains include Burning Rock Biotech with a latest increase of 4.62% over 11 consecutive days, showing a cumulative gain of 58.30%. Li Auto rose by 0.91% over 7 consecutive days with a cumulative gain of 11.43%, Four Seasons Education increased by 2.12% over 7 consecutive days with a cumulative gain of 54.87%, and Green Planet Group rose by 14.41% over 7 consecutive days with a cumulative gain of 53.94%. Huya increased by 10.23% over 6 consecutive days with a cumulative gain of 19.75%, DouYu rose by 6.67% over 6 consecutive days with a cumulative gain of 20.10%, Huize Holding increased by 2.00% over 6 consecutive days with a cumulative gain of 11.68%, and Standard Tech rose by 13.33% over 6 consecutive days with a cumulative gain of 21.43%.

Companies with consecutive declines include Baird Medical with a latest drop of 6.93% over 6 consecutive days, showing a cumulative decline of 23.89%. Taoping dropped by 6.02% over 5 consecutive days with a cumulative decline of 11.32%, Champs International fell by 10.77% over 5 consecutive days with a cumulative decline of 20.94%, and Oriental Culture decreased by 6.37% over 4 consecutive days with a cumulative decline of 11.11%. Sino-Belgium Energy fell by 4.13% over 4 consecutive days with a cumulative decline of 12.61%, DeepBlue Technology decreased by 0.67% over 4 consecutive days with a cumulative decline of 7.94%, Ningsheng International dropped by 1.61% over 4 consecutive days with a cumulative decline of 13.24%, and Juhua Mall fell by 15.97% over 4 consecutive days with a cumulative decline of 24.53%.

Baidu and Uber have indicated that they expect to deploy autonomous vehicles in Asia and the Middle East for the first time later this year.

Li Auto announced that in the 28th week of 2025 (7.7—7.13), their sales reached 0.73 million units.

According to Tuniu, the number of travelers in the past two weeks has increased by more than 30% compared to the same period last year. Among the popular domestic travel destinations for the summer, Beijing, Shanghai, Sanya, Hangzhou, Nanjing, Guangzhou, Chengdu, Chongqing, Zhuhai, and Xi'an are among the top in travel popularity.

JD Technology has signed a strategic cooperation agreement with Shanghai Whale Robot Technology Co., Ltd. (referred to as "Whale Robot"). The two parties will collaborate on product and technology cooperation, technology-assisted marketing growth, industry model exploration, and jointly promote the "AI+Educational Robot" industry to new heights.

On the 15th, the Catering Industry Chamber of Commerce in Honghuagang District, Zunyi City, issued a proposal calling on food delivery platforms to stop "involution-style" subsidies and unfair competition. The proposal pointed out that the extreme subsidy behaviors such as "zero-dollar purchase" and "18 off for 18" recently launched by Meituan and Taobao Flash (Ele.me) have triggered vicious price wars below cost to compete for market share in food delivery, leading to market disorder and severe imbalance in the industry ecosystem. It has caused many catering businesses in the district to fall into a vicious cycle of "no traffic if not participating, and price collapse if participating," and it has seriously impacted many brick-and-mortar stores reliant on dine-in customers. The proposal suggests three initiatives: stopping irrational subsidies and returning to value competition, ensuring the legitimate rights and interests of merchants, and jointly building a sustainable development ecosystem.

Today, XPeng Huitian completed a $250 million Series B financing round. This round of financing will be used to ensure the smooth realization of the development, mass production, and commercialization of XPeng Huitian's flying cars. The mass production process of the "land aircraft carrier" is accelerating comprehensively. XPeng Huitian's world's first flying car mass production factory has topped out, is undergoing equipment commissioning, and plans to be completed in the fourth quarter of this year. The "land aircraft carrier" will also be mass-produced and delivered in 2026.