Chinese Concept Stocks | Bridgewater Sells Chinese Stocks, Boosts Nvidia Holdings

On August 13th (Wednesday), Eastern Time, the three major U.S. stock indices collectively closed higher. The S&P 500 index rose by 0.32%, closing at 6466.58 points; the Dow Jones index rose by 1.04%, closing at 44922.27 points; and the Nasdaq index rose by 0.14%, closing at 21713.14 points.

On August 13th, the Nasdaq Golden Dragon China Index increased by 2.08%.

In terms of popular Chinese concept stocks, Bilibili rose by 6.61%, Baidu by 3.69%, Alibaba by 3.64%, NIO by 3.36%, NetEase by 3.00%, JD.com by 1.21%, Xpeng Motors by 0.42%, Pinduoduo by 0.17%, while TSMC fell by 1.12%.

Companies that have been rising consecutively include Gaotu with a recent increase of 3.43% over 10 consecutive days, resulting in a cumulative increase of 12.97%. Tencent Music rose by 0.83% over 8 consecutive days, with a cumulative increase of 24.63%. BOSS Zhipin rose by 2.79% over 8 consecutive days, with a cumulative increase of 20.26%. Wanwu Xinsheng increased by 13.78% over 8 consecutive days, with a cumulative increase of 45.51%. Enlightify rose by 0.99% over 8 consecutive days, with a cumulative increase of 12.10%.

Companies that have been falling consecutively include Yishengxin with a recent decrease of 6.82% over 7 consecutive days, resulting in a cumulative decrease of 34.29%. SOS fell by 1.45% over 7 consecutive days, with a cumulative decrease of 25.27%. Next Technology fell by 2.08% over 6 consecutive days, with a cumulative decrease of 27.69%. Able View Global fell by 6.59% over 6 consecutive days, with a cumulative decrease of 19.80%. Caixing Technology fell by 68.21% over 6 consecutive days, with a cumulative decrease of 74.57%.

Bridgewater Fund has liquidated Alibaba and other Chinese concept stocks while significantly increasing its holdings in Nvidia. Analysis of Bridgewater’s 13F filing shows that the fund increased its holdings in Nvidia during the three months ending June 30th and liquidated its positions in Chinese concept stocks including Alibaba, Pinduoduo, Baidu, and JD.com.

The Power UP 2025 NIO Charging Day will be held on August 16th. Recently, according to Li Bin's Weibo post, the Power UP 2025 NIO Charging Day will officially take place on August 16th. During this "special edition" of the Charging Day, Li Bin will drive from Lhasa to the Everest Base Camp, using the new ES8 to inspect and verify the connectivity of the G318 Sichuan-Tibet battery swap route for users.

Alibaba Health and Innovent Biologics have reached a strategic cooperation agreement. On August 13th, Alibaba Health and Innovent Biologics signed a strategic cooperation agreement in Hangzhou. The two parties will engage in deep cooperation in various fields such as post-diagnosis disease management, supply chain, and digital marketing. In terms of the supply chain system, based on GLP-1 and other drugs requiring 2-8℃ cold chain distribution, Alibaba Health will provide customized supply chain solutions.

The Taiwan Affairs Office responded to U.S. chip tariffs and TSMC's investment in the U.S. On the morning of August 13th, the Taiwan Affairs Office held a regular press conference. A reporter asked: U.S. President Trump recently said in an interview that he would impose a 100% tariff on imported goods such as semiconductors and stated that TSMC will invest $300 billion in the U.S. to build the world's largest wafer factory in Arizona. What are your comments? Zhu Fenglian, spokesperson for the Taiwan Affairs Office, responded: Previously, when TSMC was forced to announce an additional investment of $100 billion in the U.S., it already caused panic and public resentment in the island's industry. If the $300 billion investment is realized, it will inevitably have a huge impact on Taiwan's economy, further weakening Taiwan's economic development momentum and autonomy. If the U.S. is the initiator of Taiwan's industry hollowing out, then the Democratic Progressive Party authorities are the biggest accomplice. They are "kneeling before negotiating" and "offering both cheeks to be slapped" in tariff negotiations, remaining silent about the negotiation process, and even deceiving the public repeatedly. In terms of industry, they are submissive to the U.S., offering TSMC voluntarily, allowing the U.S. to extract the value of Taiwan's advantageous industries. This fully demonstrates that the Democratic Progressive Party authorities have no intention or ability to safeguard Taiwan's economic development and the welfare of its people. We advise the Democratic Progressive Party authorities to stop on the wrong path of "fawning over the U.S. and selling Taiwan," and the Taiwanese public and knowledgeable individuals from all walks of life should unite to actively safeguard their own interests.