Chinese Concept Stocks | Ctrip's Q1 Revenue Rises 16% YoY Amid Nasdaq Golden Dragon Index Decline

On May 19th, Eastern Time, the three major US stock indices closed higher collectively. The S&P 500 index rose by 0.09%, closing at 5963.60 points; the Dow Jones index increased by 0.32%, closing at 42792.07 points; and the Nasdaq index rose by 0.02%, closing at 19215.46 points.

On May 19th, the Nasdaq Golden Dragon China Index fell by 0.17%.

In terms of popular Chinese concept stocks, Pinduoduo rose by 0.71%, JD.com increased by 0.42%, Bilibili fell by 4.97%, XPeng Motors decreased by 3.41%, NIO fell by 1.71%, NetEase declined by 0.40%, TSMC fell by 0.38%, Alibaba fell by 0.36%, and Baidu fell by 0.10%.

Among the rising Chinese concept stocks, Vision Future rose by 0.68% over 23 consecutive days, with a cumulative increase of 1.18%. Four Seasons Education rose by 4.56% over 8 consecutive days, with a cumulative increase of 23.82%. All Things Newborn rose by 1.07% over 6 consecutive days, with a cumulative increase of 15.45%. Huasheng Technology rose by 6.95% over 5 consecutive days, with a cumulative increase of 17.37%. Yipin Weike rose by 4.58% over 5 consecutive days, with a cumulative increase of 31.83%. Dragon Acquisition rose by 0.13% over 5 consecutive days, with a cumulative increase of 0.13%.

Among the declining Chinese concept stocks, WeRide fell by 2.12% over 5 consecutive days, with a cumulative decrease of 16.26%. Mercurity Fintech fell by 1.50% over 5 consecutive days, with a cumulative decrease of 17.32%. MicroAlgo fell by 18.79% over 5 consecutive days, with a cumulative decrease of 57.19%. Bit Origin fell by 6.07% over 5 consecutive days, with a cumulative decrease of 16.50%. Sunmiao Technology fell by 2.89% over 5 consecutive days, with a cumulative decrease of 7.10%. Yingxi Group fell by 4.69% over 5 consecutive days, with a cumulative decrease of 25.57%.

Trip.com Group announced that its net operating revenue for the first quarter of 2025 was 13.8 billion RMB, an increase of 16% year-on-year. The net profit attributable to Trip.com Group shareholders was 4.3 billion RMB, with a year-on-year increase. The diluted earnings per ordinary share and per ADS were 6.09 RMB.

Alibaba's Central China Headquarters officially moved into Wuhan today, marking the start of Wuchang District in Wuhan leveraging Alibaba's influence and ecosystem resources to promote regional industrial upgrades and talent introduction. The Alibaba Center office building has a total area of over 70,000 square meters, innovating the office ecosystem with the "three-dimensional campus" concept, providing a new experience in smart office. In addition to its own use, it is also open to external enterprises for entry, with several well-known companies and startups already settled in. The "Zero Employee" investment promotion service of the Wuchang District Government in Wuhan will also cover all customers of the Wuhan Alibaba Center, and in the future, it will become a gathering place for elite talents and a benchmark for innovative enterprise development.

According to informed sources, TSMC plans to soon increase the prices of one of its advanced manufacturing nodes. Sources say that wafer prices will soar further in the coming weeks, mainly due to increased costs of building wafer fabs in overseas regions like the United States, and the need to recover its capital expenditure plan of $38 billion to $42 billion this year. The price of TSMC's 2nm process wafers will increase by 10% compared to before. Last year's estimated price for 300mm wafers was $30,000, while the new pricing will reach around $33,000. Additionally, the global wafer foundry will raise the price of its 4nm manufacturing node by 10%, with a maximum increase of 30%.

Alibaba Health announced a stable growth in revenue for the fiscal year ending March 31, 2025, with a total revenue of 30.598 billion RMB, a year-on-year increase of 13.2%. The net profit for the reporting period was 1.432 billion RMB, a year-on-year growth of 62.2%. The adjusted net profit was 1.95 billion RMB, a year-on-year increase of 35.6%, and the adjusted net profit margin rose from 5.3% to 6.4%. During the reporting period, the Tmall Health platform business continued to develop steadily, with an annual GMV maintaining stable growth and the number of annual active users continuously increasing.

Hesai Technology has been reported to have secretly submitted an application for listing in Hong Kong. When asked for verification, Hesai Technology's representatives stated that they would not comment on this. In terms of business, Hesai Technology has seen a significant increase in shipments since the beginning of this year.

On May 19th, Trip.com released a 2025 Dragon Boat Festival travel trend forecast report, showing that the Dragon Boat Festival short holiday travel market has returned to a steady growth phase. Domestic local tours and nearby tours account for 50% of the market, integrating elements such as micro-vacations, summer escapes, and folk experiences, becoming significant features of the Dragon Boat Festival tourism market. Coinciding with Children's Day, the holiday has also sparked the enthusiasm of family travelers, while young people choose to travel with pets or opt for a "performance + tourism" package during the Dragon Boat Festival, which is packed with performances. In addition, the popularity of inbound tourism during the Dragon Boat Festival remains high, with hotel search popularity on the platform more than doubling.

On May 16th at 8 p.m., the first wave of Tmall 618 pre-sales officially began. Alibaba Mama's opening day helped over 1.4 million merchants grow their business, with 100,000 products doubling in sales. Alibaba Mama's Wanshangtai Infinite Edition "Super Live" facilitated nearly sixfold growth in sales across more than 18,000 live streaming rooms. Additionally, Alibaba Mama's 30 billion yuan red envelope subsidy for 618 is being gradually distributed, with some merchants already receiving high subsidies of 600,000 yuan.

Yesterday, Luo Yonghao's appearance at Baidu's campus sparked widespread discussion. According to informed sources, Luo Yonghao visited Baidu's Hangzhou branch, which is the location of Baidu's e-commerce team, possibly to discuss collaboration for the upcoming 618 Baidu Preferred live e-commerce event.

Sohu announced its financial report for the first quarter of 2025, with total revenue of $136 million. Marketing services revenue was $14 million, and online game revenue was $117 million. The non-GAAP net loss attributable to Sohu was $16 million, compared to a net loss of $22 million in the same period in 2024, narrowing the net loss by more than 20% year-on-year.

Hesai Technology announced today that it has secured an exclusive designated cooperation with Great Wall's new energy brand ORA for its next-generation model. ORA's models equipped with Hesai's LiDAR are expected to be mass-produced and gradually delivered to users within this year. In the future, Hesai will continue to closely cooperate with multiple automotive brands under Great Wall, including ORA and WEY, to promote the popularization of LiDAR technology as an "invisible airbag."

The New York Times reported that the White House and Congress officials in the United States have been reviewing Apple's AI cooperation plan with Alibaba for the past few months. Sources said that the US government is discussing whether Alibaba and other Chinese AI companies should be included on the list prohibiting business with US companies.

According to a public prospectus, TSMC will issue its second unsecured ordinary corporate bond of the year in June, totaling 14.1 billion New Taiwan Dollars, all of which are green bonds. The 5-year bond has an interest rate increased to 1.92%, issuing 12.5 billion New Taiwan Dollars; the 10-year bond has an interest rate of 2.05%, issuing 1.6 billion New Taiwan Dollars.