Chinese Concept Stocks | BeiGene Projects Strong Revenue Growth by 2025 Amid Global Expansion

On February 27th, Eastern Time (Thursday), the three major U.S. stock indexes collectively closed lower. The S&P 500 index fell by 1.59% to 5861.57 points; the Dow Jones index fell by 0.45% to 43239.50 points; and the Nasdaq index fell by 2.78% to 18544.42 points.

On February 26th, the Nasdaq Golden Dragon China Index rose by 3.66%.

Among popular Chinese concept stocks, NIO rose by 1.59%, XPeng Inc. by 1.39%, JD.com by 0.02%, TSMC fell by 6.96%, Bilibili by 2.27%, Alibaba by 1.75%, Baidu by 1.01%, Pinduoduo by 0.91%, and NetEase by 0.81%.

Companies with consecutive rising Chinese concept stocks include: 111, Inc., which rose by 3.76% for 9 consecutive days, with a cumulative increase of 20.41%; ECARX Holdings, which rose by 2.58% for 5 consecutive days, with a cumulative increase of 22.56%; Yum China Holdings, which rose by 2.47% for 4 consecutive days, with a cumulative increase of 7.52%; Haidilao, which rose by 4.71% for 4 consecutive days, with a cumulative increase of 14.54%; Rongye Foods, which rose by 0.10% for 4 consecutive days, with a cumulative increase of 0.89%; and Raytheon Technologies, which rose by 1.82% for 4 consecutive days, with a cumulative increase of 12.45%.

Companies with consecutive falling Chinese concept stocks include: Cango Inc., which fell by 0.59% for 12 consecutive days, with a cumulative decrease of 35.51%; InnoCare Pharma, which fell by 9.18% for 8 consecutive days, with a cumulative decrease of 89.10%; GreenTree Hospitality Group, which fell by 1.45% for 7 consecutive days, with a cumulative decrease of 10.53%; Bit Origin, which fell by 18.79% for 7 consecutive days, with a cumulative decrease of 60.10%; Baird Medical, which fell by 5.53% for 6 consecutive days, with a cumulative decrease of 40.13%; Able View Global, which fell by 6.76% for 6 consecutive days, with a cumulative decrease of 24.18%; BTC Digital, which fell by 1.03% for 6 consecutive days, with a cumulative decrease of 26.10%; and Kingsoft Technology, which fell by 0.96% for 6 consecutive days, with a cumulative decrease of 6.36%.

BeiGene: Estimated revenue for 2025 to be between RMB 35.2 billion to 38.1 billion
BeiGene announced that its estimated revenue for 2025 will be between RMB 35.2 billion and 38.1 billion. This strong growth expectation is mainly due to Brukinsa's leading position in the U.S. and continued expansion in Europe and other key global markets. Based on improved product portfolio and production efficiency, the gross profit margin for 2025 is expected to be in the mid-range of 80% to 90%. The total R&D expenses and sales & administrative expenses for 2025 are expected to be between RMB 29.5 billion to 31.9 billion.

Baidu AI Cloud and Zhiyuan Robotics enter strategic partnership
On February 27th, Baidu AI Cloud and Shanghai Zhiyuan New Technology Co., Ltd. officially signed a strategic cooperation agreement. The two parties will collaborate deeply on embodied ecological solutions, key technology and product development, and ecological coordination to accelerate the application of intelligent robots in education, research, and intelligent manufacturing, marking a new phase in the deep integration of AI models and the robotics industry.

Alibaba: Repurchased 574,600 shares on February 26 at the New York Stock Exchange
Alibaba announced that it repurchased 574,600 shares on February 26, 2025, at the New York Stock Exchange. The repurchase price was $17.5 per share, with a minimum repurchase price of $17.29 per share, totaling $9.9979 million. The authorization for repurchase was approved on August 22, 2024, and the repurchased shares are intended for cancellation. This repurchase represents 1.46% of the issued shares as of the authorization date.

BlackRock increases stake in Alibaba to 5.01% on February 24
Information from the Hong Kong Stock Exchange shows that BlackRock's stake in Alibaba increased from 4.93% to 5.01% on February 24.

Li Auto releases OTA 7.1 version, claims zero takeover per 100 km in intelligent driving
Li Auto has officially released the full OTA 7.1 version, upgrading core technologies such as intelligent driving, smart cockpit, smart electric, and Li Auto App. In terms of intelligent driving, AD Max V13 training data volume reached 10 million Clips (video clips), becoming the first in China and one of the only two globally to achieve zero takeover per 100 km in intelligent driving.

Jinko Solar: 2024 net profit of RMB 90.54 million, a decrease of 98.78% year-on-year
Jinko Solar announced that in 2024, the company achieved total revenue of RMB 92.621 billion, a decrease of 21.96% year-on-year. The net profit attributable to the parent company was RMB 90.54 million, a decrease of 98.78% year-on-year. The net profit excluding non-recurring gains and losses was RMB -1.012 billion, a decrease of 114.66% year-on-year. The basic earnings per share were RMB 0.01, a decrease of 98.65% year-on-year.

Apple's Tmall official flagship store joins national subsidies, offering up to 1,500 yuan discount on iPhone 16
On February 27th, Apple's Tmall official flagship store joined Beijing's "national subsidies," with subsidies applied to products priced below 6,000 yuan, including iPhone 16, iPhone 16e, Macbook Pro, and iPad mini7. During Taobao's "38 Renewal Week," Apple's official flagship store offers an 850 yuan discount, and Tmall platform provides an additional 150 yuan surprise coupon. Combined with a 500 yuan national subsidy, Beijing users can enjoy up to a 1,500 yuan discount on iPhone 16 purchases.

Baidu and CATL sign strategic cooperation agreement, empowering new unmanned driving ecosystem
According to CATL, Baidu and CATL held a strategic cooperation signing ceremony in Fujian Ningde. The two parties will cooperate in the core fields of unmanned driving and digital intelligence, jointly promoting the popularization and development of unmanned driving travel services, as well as the application and promotion of AI in industry.

Alibaba Cloud ranks first in China's financial large model market
According to a report released today by the international authoritative analysis agency Sullivan, Alibaba Cloud ranks first in the overall Chinese financial large model market with a 33% market share. Additionally, Alibaba Cloud is also the first in two sub-markets of financial large models. In the financial large model MaaS market, Alibaba Cloud's market share is nearly five times that of the second place, and in the standardized product market, its share is nearly four times that of the second place.

Baidu to launch new generation AI model in mid-March
A knowledgeable source stated that Baidu will launch the next-generation AI model Ernie in mid-March, which will enhance capabilities in fields such as reasoning.

TSMC considers strategic investment in FURIOSAAI
TSMC is evaluating the possibility of making a strategic investment in FURIOSAAI.

Li Auto: Cumulative deliveries of Li Auto L6 exceed 220,000 units since delivery began
Li Auto announced that the cumulative deliveries of the Li Auto L6 have exceeded 220,000 units since its delivery began.

Alibaba starts 2026 spring recruitment, nearly 50% of positions related to AI
On February 27th, Alibaba officially launched its spring 2026 intern recruitment, offering over 3,000 positions. Alibaba Holding Group, Alibaba Cloud, AutoNavi, Tongyi Laboratory, Ele.me, and Lingxi Interactive Entertainment started spring recruitment first. Subsequently, Taotian, Alibaba International, Cainiao, Alibaba Pictures, Smart Information, Freshippo, and others will successively start spring 2026 intern recruitment. It is understood that nearly 50% of the positions in this Alibaba spring recruitment are related to AI, with some AI business departments having even higher proportions, such as AutoNavi's AI positions accounting for about 65%, and Alibaba Cloud's exceeding 80%.

Xiaomi Motors settles in Tmall
On February 27th, Xiaomi's high-end smart electric vehicle SU7 Ultra was officially launched. On the same day, Xiaomi Motors officially settled in Tmall, and the official flagship store was officially opened, with the Xiaomi SU7 Ultra launching simultaneously.

JD.com announces incentive policy for takeaway service providers: 200 yuan incentive for each valid business store
JD Daojia announced the March incentive details for takeaway service providers. According to the incentive policy, for stores that open for business for the first time between March 1 and March 31, 2025, and meet the incentive standards and effective business standards, the platform will incentivize 200 yuan per store. For chain brand stores, the incentive cap for a single brand is 20,000 yuan, which means a maximum incentive for 100 stores; there is no cap for individual service providers, but each store is only counted once for incentives. The incentive standard requires that the store must meet the requirement of "14 or more effective business days within 30 days after the store first opens for business."

JD Takeaway launches subsidy policy: offering up to 20 yuan, targeting members and college students
JD Takeaway announced the launch of the "10 yuan/20 yuan meal subsidy random draw" promotion. Large meal subsidies of "10 yuan off 15 yuan" and "20 yuan off 40 yuan" can be randomly claimed every night at 8 PM, initially covering JD-certified college student users and JD PLUS members. The meal subsidy applies to all dining takeaway stores on the JD Takeaway platform. The subsidy promotion has been tested on the JD App, and after using the subsidy, the actual payment for most meals is lower than on other takeaway platforms.