Chinese Concept Stocks | Bilibili and Baidu Rise as JD.com Falls Amid iPhone 17 Pre-Sale Success

On September 12th, Eastern Time (Friday), the three major U.S. stock indices showed fluctuating trends. The S&P 500 fell by 0.05% to 6,584.29 points; the Dow Jones dropped by 0.59% to 45,834.22 points; and the Nasdaq rose by 0.44% to 22,141.10 points.

On September 12th, the Nasdaq Golden Dragon China Index decreased by 0.11%.

In terms of popular Chinese concept stocks, Bilibili rose by 4.09%, Baidu increased by 2.65%, NIO went up by 2.39%, NetEase grew by 1.80%, XPeng increased by 1.43%, TSMC rose by 0.18%, JD.com fell by 2.12%, Alibaba decreased by 0.27%, and Pinduoduo dropped by 0.22%.

Rising Chinese stocks: Dragon Acquisition rose by 0.19% over 21 consecutive days with a cumulative increase of 0.38%; Vipshop gained 0.17% over 10 consecutive days with a cumulative rise of 8.92%; Tongcheng Tongmei increased by 16.24% over 10 consecutive days with a cumulative gain of 115.01%; ATIF Holdings rose by 15.32% over 8 consecutive days with a cumulative increase of 54.70%; GD Culture Group gained 25.80% over 6 consecutive days with a cumulative rise of 107.46%; and Jianzhi Education increased by 4.60% over 6 consecutive days with a cumulative gain of 18.18%.

Falling Chinese stocks: Daqo New Energy fell by 0.23% over 5 consecutive days with a cumulative decrease of 11.64%; Zhihu Group dropped by 0.66% over 5 consecutive days with a cumulative fall of 12.21%; 36Kr decreased by 10.10% over 4 consecutive days with a cumulative decline of 27.03%; Ruitu Ecology fell by 12.82% over 4 consecutive days with a cumulative decrease of 38.18%; and San Teng Technology dropped by 10.18% over 4 consecutive days with a cumulative decline of 62.41%.

JD.com: iPhone 17 series sales in one minute surpassed the entire day of last year. On the evening of September 12th at 8 PM, the iPhone 17 series officially began pre-sales. According to JD.com data, within just one minute of pre-sales, the iPhone 17 series sales exceeded the entire day of last year, setting a new sales record. Among them, the iPhone 17 256GB version far exceeded the previous generation in sales, becoming the most popular model.

Ant Group and China Zheshang Bank signed an agreement to deepen strategic cooperation. On September 12th, Ant Group and China Zheshang Bank signed an agreement to deepen strategic cooperation. According to the agreement, both parties will actively promote cooperation in financial technology such as AI intelligent construction and application, large-scale model defense, distributed microservice systems, and databases, as well as in wealth management, microloans, and supply chain finance, to jointly build a digital financial ecosystem.

XPeng announces its first range-extended SUV model G7: pure electric range of 430km. On the evening of September 12th, XPeng Motors Chairman He Xiaopeng announced on social media that the Ministry of Industry and Information Technology's website has disclosed that the XPeng G7 Super Extended Range is the company's first range-extended SUV model. It will feature a full-domain 800V high-voltage platform architecture and a 5C supercharged AI battery, with a pure electric range of up to 430km. The XPeng G7 Super Extended Range is planned to be officially released in the first quarter of next year.

JinkoSolar: Plans to transfer 4.00% of shares through inquiry transfer. JinkoSolar announced its shareholders, JinkoSolar Investment, Shangrao Runjia, Shangrao Zhuoling No. 2, and Shangrao Kaitai No. 2, plan to transfer 400 million shares, accounting for 4.00% of the company's total share capital, through the inquiry transfer method. This transfer aims to meet the funding needs of the transferor and will not be conducted through centralized bidding transactions or bulk transactions. The transferee is not allowed to transfer shares within six months after the transfer. The lower limit of the inquiry transfer price shall not be less than 70% of the average stock trading price for the 20 trading days before the date of sending the subscription invitation (September 12, 2025).

BeiGene: Employees purchased 62,962 American Depositary Shares. BeiGene announced that as of the last day of the subscription period on August 29, 2025, a total of 3,932 participants purchased 62,962 American Depositary Shares according to the 2018 Employee Stock Purchase Plan, involving a total of 818,500 shares, accounting for approximately 0.05% of the company's total issued shares. The price per American Depositary Share is $208.7, approximately HKD 125.06 per ordinary share. The authorized salary deduction amount during the subscription period is $13,449,500.

Ant Group released the AI glasses technology framework gPass. At the 2025 Inclusion·Bund Conference, Ant Group released the world's first intelligent glasses trusted connection technology framework—gPass. This technology has three core capabilities: "security, interaction, and connection," aiming to achieve secure, trusted, and instant information interaction between AI glasses and intelligent devices, providing users with a natural, seamless service experience, while building a secure AI digital service ecosystem for eyewear manufacturers and developers.

Ant CEO Han Xinyi: Within five years, everyone will have a trustworthy AI health manager. Ant Group CEO Han Xinyi stated at the 2025 Inclusion·Bund Conference that the company's AI health application AQ is an important exploration of Ant's push for inclusive medical health innovation. "We are determined that within five years, everyone will have a trustworthy AI health manager, and every doctor will have a dedicated AI assistant," Han Xinyi said. It is reported that Ant Health will release the AQ Intelligent Platform at this conference and will establish a medical health laboratory to explore AI-enabled MDT multidisciplinary consultations and other frontiers.

Ant Group and Renmin University of China jointly released the first native MoE diffusion language model. On September 11th, at the 2025 Bund Conference, Ant Group and Renmin University of China jointly released the industry's first native MoE architecture diffusion language model (dLLM) "LLaDA-MoE." Experimental data shows that the performance of the LLaDA-MoE model is ahead of LLaDA1.0/1.5 and Dream-7B diffusion language models in tasks such as code, mathematics, and agent, and is close to or surpasses the autoregressive model Qwen2.5-3B-Instruct, achieving the equivalent performance of a 3B dense model with only 1.4B parameters activated.