Chinese Concept Stocks | Declines in Nio and XPeng as Alibaba Joins Hang Seng Index

On October 14th, Eastern Time (Monday), all three major U.S. stock indices closed higher. The S&P 500 rose by 0.77% to 5859.85 points; the Dow Jones increased by 0.47% to 43065.22 points; and the Nasdaq climbed by 0.87% to 18502.69 points.

On October 14th, the Nasdaq Golden Dragon China Index fell by 2.09%.

Regarding popular Chinese stocks, TSMC rose by 0.81%, JD.com increased by 0.71%, while XPeng Motors fell by 9.85%, NIO dropped by 7.05%, Pinduoduo decreased by 6.03%, Baidu went down by 4.52%, NetEase declined by 3.78%, Bilibili fell by 3.62%, and Alibaba decreased by 2.12%.

Companies with consecutive gains include ZKH Industrial Supply with a latest change of 0.80% over 5 consecutive days and a cumulative change of 12.17%, Nature's Sunshine Products with a latest change of 16.67% over 5 consecutive days and a cumulative change of 63.25%, GDS Holdings with a latest change of 3.40% over 4 consecutive days and a cumulative change of 9.41%, Smart Charge with a latest change of 3.18% over 4 consecutive days and a cumulative change of 10.74%, Solar Power with a latest change of 1.23% over 4 consecutive days and a cumulative change of 29.22%, and Pop Culture Group with a latest change of 2.52% over 4 consecutive days and a cumulative change of 5.17%.

Companies with consecutive losses include EHang with a latest change of -4.76% over 7 consecutive days and a cumulative change of -13.67%, Zeekr with a latest change of -3.65% over 5 consecutive days and a cumulative change of -14.73%, Xiaoying Technology with a latest change of -2.33% over 5 consecutive days and a cumulative change of -18.59%, 1 Drugstore with a latest change of -4.68% over 5 consecutive days and a cumulative change of -23.11%, Xiaoi Robot with a latest change of -1.51% over 5 consecutive days and a cumulative change of -34.38%, Burning Rock Biotech with a latest change of -3.40% over 5 consecutive days and a cumulative change of -16.53%, 17 Education & Technology with a latest change of -1.81% over 5 consecutive days and a cumulative change of -13.97%, Robe with a latest change of -4.55% over 5 consecutive days and a cumulative change of -17.97%, Jiuzhou Pharmacy with a latest change of -6.84% over 5 consecutive days and a cumulative change of -15.31%, Mindray Medical with a latest change of -1.79% over 5 consecutive days and a cumulative change of -17.91%, and Boqii Pet with a latest change of -1.12% over 5 consecutive days and a cumulative change of -35.21%.

The amount added to carts in Li Jiaqi's live broadcast increased by 20% year-on-year, and several Taobao live broadcast rooms exceeded last year's billion-yuan sales speed
At 8 PM tonight, Tmall Double 11 started its pre-sale, with Li Jiaqi's live broadcast room quickly surpassing the billion-yuan mark. According to internal sources, this year's Double 11 pre-sale cart addition amount in Li Jiaqi's live broadcast room increased by more than 20% year-on-year. Products from brands like Kefu Mei, Cetaphil, Zhan Miya, Valentino, L'Oreal, and Colani sold out in seconds. Additionally, live broadcast rooms such as Bee Surprise Club, Xianggu Came, Chen Jie Kiki, Lier Baobei, and Hu Ke also announced that they exceeded the billion-yuan mark in the first hour, surpassing last year's speed and transactions. Industry analysts believe that the explosion in Taobao live broadcast sales during Double 11 marks the official start of the quality live broadcast era.

The pre-sale price of XPeng P7+ is 209,800 RMB
It was announced by XPeng Motors Chairman and CEO He Xiaopeng at the Paris Motor Show that the pre-sale price of the XPeng P7+ will be 209,800 RMB.

Alibaba will be included in the Hang Seng Stock Connect Index from October 28
Alibaba will be included in the Hang Seng Stock Connect Index starting October 28.

JD Group CEO Xu Ran: Recruit at least 10,000 procurement and sales staff in the next 3 years
JD.com announced that its Double 11 sales will start at 8 PM on October 14, featuring direct discounts and cross-store reductions. At the "JD Double 11 Cheap and Good" press conference held on the same day, JD Group CEO Xu Ran stated that despite fierce market competition, there is still "vicious competition" and the phenomenon of bad money driving out good money in the industry. In the next 3 years, JD will recruit at least 10,000 procurement and sales staff worldwide to source products, bringing more cost-effective products to users, allowing them to truly experience "cheap and good," and helping brand merchants achieve strong sales, growth, and profits.

Jinlu Electronics: Company's PCB products are used in XPeng Motors but not directly supplied
Jinlu Electronics stated on the interactive platform that their PCB products are used in automotive wireless charging modules, but the company does not manufacture cars or involve in automotive wireless charging technology; they have established a cooperative relationship with Hytera. Their PCB products are used in XPeng Motors, but not directly supplied, and the specific model application is currently unknown.

XPeng Motors establishes a new technology company in Guangzhou with a registered capital of 5 million
According to Tianyancha App, Guangzhou Pengxiao Technology Co., Ltd. was established on October 11, with Chen Zhiyuan as the legal representative and a registered capital of 5 million RMB. The business scope includes engineering and technology research and development, AI application software development, AI public service platform technology consulting, AI basic software development, AI general application system, AI public data platform, and AI industry application system integration services. The company is wholly owned by Guangzhou Zhipeng Internet of Vehicles Technology Co., Ltd., which is jointly held by Guangzhou XPeng Motors Technology Co., Ltd. and Chen Zhiyuan, each holding 50%.

NIO Mobile's business scope adds mobile terminal equipment manufacturing
According to Tianyancha App, on October 10, NIO Mobile Technology Co., Ltd. underwent a business change, adding mobile terminal equipment manufacturing to its business scope. NIO Mobile Technology Co., Ltd. was established in August 2022, with Qin Lihong as the legal representative and a registered capital of 100 million USD, wholly owned by NIO Smart Technology Limited.