Chinese Concept Stocks | Ehang Completes First Manned Flight in Indonesia, TSMC Plans $10 Billion Stock Issue

On June 25th (Wednesday), Eastern Time, the three major indices of the US stock market showed mixed performances. The S&P 500 Index fell by 0.00%, closing at 6092.16 points; the Dow Jones Index decreased by 0.25%, closing at 42982.43 points; the NASDAQ Index rose by 0.31%, closing at 19973.55 points.

On June 25th, the NASDAQ Golden Dragon China Index dropped by 0.60%.

Regarding popular Chinese concept stocks, TSMC rose by 1.22%, JD.com increased by 1.11%, Bilibili went up by 0.39%, XPeng Motors fell by 3.30%, Alibaba declined by 2.09%, NIO dropped by 1.00%, NetEase decreased by 0.66%, Baidu fell by 0.04%, and Pinduoduo went down by 0.02%.

Pharmaron rose by 2.96% over 8 days with a cumulative increase of 71.58%. Euro Tech Holdings increased by 0.01% over 6 days with a cumulative rise of 4.40%. Melco Resorts & Entertainment went up by 1.75% over 5 days with a cumulative gain of 10.83%. Yatsen Holding rose by 13.04% over 5 days with a cumulative increase of 25.09%. Quhuo Limited increased by 2.56% over 5 days with a cumulative rise of 9.09%. Huami Corporation went up by 3.28% over 5 days with a cumulative gain of 10.77%. WiMi Hologram Cloud rose by 6.55% over 5 days with a cumulative increase of 20.58%. TuanChe Limited increased by 4.84% over 5 days with a cumulative rise of 30.00%.

Hao Hong Technology fell by 1.38% over 8 days with a cumulative decrease of 21.79%. Dingxin Holdings dropped by 7.21% over 8 days with a cumulative fall of 24.26%. Chengdao Environmental Protection declined by 3.22% over 7 days with a cumulative decrease of 48.22%. Shengfeng Logistics went down by 0.01% over 6 days with a cumulative fall of 5.20%. Global Mofei dropped by 1.46% over 6 days with a cumulative decrease of 13.73%. Sanyi Technology fell by 4.24% over 6 days with a cumulative fall of 14.82%.

EHang Intelligent EH216-S Completes First Manned Flight in Indonesia
EHang Intelligent announced today that its unmanned electric vertical take-off and landing ("eVTOL") aircraft EH216-S successfully completed its first unmanned manned flight in Indonesia.

TSMC Overseas Subsidiary Plans to Issue $10 Billion in Stocks to Address Forex Fluctuations
TSMC's overseas subsidiary plans to issue $10 billion worth of new stocks to strengthen its foreign exchange hedging business, marking the company's largest move to tackle currency fluctuations.

Alibaba Cloud Bailian and Alipay Launch "AI Reward" Feature
On June 25th, news emerged that Alibaba Cloud Bailian, in conjunction with Alipay, launched the industry's first "AI Reward" feature. This provides a new monetization avenue for high-quality intelligent entities. From now on, intelligent entities created on Alibaba Cloud Bailian can activate Alipay's AI payment function and generate reward buttons, allowing users to directly reward their favorite or supported intelligent entities. The reward amount will be transferred to the developer's personal account.