Chinese Concept Stocks | Earthquake Impacts TSMC Production as Chinese Stocks Show Mixed Performance

On January 22nd, Eastern Time (Wednesday), the three major U.S. stock indices collectively closed higher, with the S&P 500 rising by 0.61%, closing at 6086.28 points; the Dow Jones increasing by 0.29%, closing at 44153.72 points; and the Nasdaq rising by 1.31%, closing at 20015.34 points.
On January 21st, the Nasdaq Golden Dragon China Index fell by 0.36%.
In terms of popular Chinese stocks, NIO rose by 2.39%, TSMC increased by 2.06%, JD.com rose by 1.61%, Alibaba went up by 1.23%, Bilibili fell by 4.34%, XPeng Motors dropped by 3.23%, NetEase fell by 1.18%, Pinduoduo decreased by 1.03%, and Baidu fell by 0.83%.
Chinese stocks on a rising streak include: Champs International rising by 2.27% over 10 consecutive days with a cumulative increase of 29.90%; Huqin Technology increasing by 4.02% over 8 days with a cumulative rise of 15.79%; BeiGene rising by 1.61% over 7 days with a cumulative increase of 25.75%; Lu Control rising by 2.21% over 6 days with a cumulative increase of 20.35%; EHang rising by 0.57% over 6 days with a cumulative increase of 11.70%; Dada rising by 1.47% over 6 days with a cumulative increase of 13.11%; Monster Charging rising by 1.80% over 6 days with a cumulative increase of 14.72%; and Mintang rising by 1.79% over 6 days with a cumulative increase of 22.07%.
Chinese stocks on a declining streak include: Canadian Solar declining by 4.34% over 9 consecutive days with a cumulative decrease of 21.97%; MangYun Hologram falling by 0.60% over 7 days with a cumulative decrease of 25.23%; Tiancheng Technology dropping by 5.57% over 6 days with a cumulative decrease of 15.25%; Jinxin Technology falling by 25.23% over 5 days with a cumulative decrease of 47.26%; Smart Charging declining by 4.66% over 5 days with a cumulative decrease of 33.43%; and Kebbiao Technology falling by 1.08% over 5 days with a cumulative decrease of 14.99%.
Chinese Stock News
Fliggy has signed a strategic cooperation agreement with Minor Hotels Group. The two parties will engage in deep cooperation in areas such as hotel digital direct sales, full-scale marketing, and innovation in member services, leveraging Minor Hotels Group's global hotel resources.
According to supply chain sources, the production capacity of TSMC's Fab14 and Fab18 in the Southern Taiwan Science Park has been affected by an earthquake, with an estimated 10,000 to 20,000 wafers damaged. This is expected to impact the sales revenue of the first quarter by a low single-digit percentage.
New Oriental responded to reports of disappointing performance, stating that if the divestiture of Hygo is excluded, Dongfang Zhenxuan is profitable. On January 22nd, New Oriental-S and Dongfang Zhenxuan saw significant declines during the morning trading session in Hong Kong, with New Oriental dropping over 31% at one point and Dongfang Zhenxuan nearly 10%. By midday, New Oriental-S was down 25.05%, and Dongfang Zhenxuan was down 2.97%. Company representatives stated that there were no special circumstances, but the guidance for the next quarter might not meet market expectations. They acknowledged that Dongfang Zhenxuan's second-quarter performance had some impact, as its net profit performance was strong in the same period last year. The decline in Dongfang Zhenxuan's second-quarter performance was mainly due to the divestiture of Hygo in July last year; excluding this one-time impact, Dongfang Zhenxuan is profitable.
On January 22nd, NetEase Youdao officially launched China's first reasoning model "Ziyue-o1," which outputs step-by-step explanations, and has been open-sourced. As a 14B lightweight single model, Ziyue-o1 can be deployed on consumer-grade graphics cards and uses chain-of-thought technology to provide detailed problem-solving processes, achieving higher problem-solving accuracy with strong logic and reasoning capabilities, and offering Chinese logical reasoning.
During the Baidu AI DAY event on January 21st, Baidu's Vice President, responsible for the Document Cloud and Netdisk divisions, Wang Ying revealed that Baidu Document Cloud's AI feature MAU (monthly active users) has exceeded 90 million, with AI DAU (daily active users) growing by 230% year-on-year. Not only has user data grown, but AI features have also driven Baidu Document Cloud's revenue. According to Wang Ying, Baidu Document Cloud currently has over 40 million paying users, second only to Microsoft's Copilot globally. Additionally, the Document Cloud's paying rate has grown by 60% year-on-year, a growth almost entirely driven by AI features.
Liang Wenfeng, founder of the quantitative powerhouse Magic Square, participated in a meeting with the Premier and delivered a speech. Liang is also the founder of DeepSeek, a domestic large model company. DeepSeek has been referred to as the "Pinduoduo of the AI world," sparking a price war among major companies like ByteDance, Alibaba, and Baidu, leading to announcements of price reductions in large model products. During a media interview, Liang stated that DeepSeek does not intend to be a disruptive force in the industry; instead, the low prices are aimed at making computing power more accessible.

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