Chinese Concept Stocks | EHang Partners with China Road & Bridge for Global UAV Promotion

On September 5th, Eastern Time, the three major U.S. stock indices closed down collectively. The S&P 500 index fell by 0.32% to 6481.50 points; the Dow Jones index dropped by 0.48% to 45400.86 points; and the Nasdaq index decreased by 0.03% to 21700.39 points.

On September 5th, the Nasdaq Golden Dragon China Index rose by 1.16%.

In terms of popular Chinese concept stocks, Baidu increased by 3.82%, Alibaba rose by 3.58%, TSMC increased by 3.50%, JD.com rose by 1.68%, NetEase increased by 0.85%, Pinduoduo rose by 0.65%, XPeng remained unchanged, NIO fell by 3.02%, and Bilibili decreased by 0.40%.

The table of continuously rising Chinese concept stocks includes Eureka Acquisition with a recent increase of 0.28% over 16 consecutive days, totaling a 0.75% increase. Baidu rose by 3.82% over 6 consecutive days, totaling a 13.47% increase. Fulong Group rose by 2.40% over 6 consecutive days, totaling a 16.09% increase. LianDai Technology rose by 9.62% over 6 consecutive days, totaling a 32.08% increase. Intelligent Future rose by 5.26% over 6 consecutive days, totaling a 39.01% increase. Quhuo rose by 8.22% over 6 consecutive days, totaling a 17.65% increase.

The table of continuously falling Chinese concept stocks includes Yidian with a recent decrease of 6.35% over 9 consecutive days, totaling a 60.95% decrease. Ambow Education fell by 2.42% over 8 consecutive days, totaling a 12.50% decrease. XPeng fell by 0.05% over 7 consecutive days, totaling an 18.50% decrease. Bawang Chaji fell by 4.32% over 7 consecutive days, totaling a 25.78% decrease. Amer Sports fell by 3.25% over 6 consecutive days, totaling a 10.94% decrease. Junzhang Digital Technology fell by 3.48% over 6 consecutive days, totaling an 11.67% decrease.

EHang Partners with China Road and Bridge Corporation
On September 5, EHang announced a strategic partnership with China Road and Bridge Corporation (CRBC). EHang has signed an agency agreement with CRBC for the promotion and sales of EHang's autonomous aerial vehicles (AAVs) in overseas regions. EHang will leverage CRBC's overseas platform to market its AAV products and solutions globally. From September 4 to September 5, EHang and CRBC jointly participated in the African Aviation Summit held in Kigali, Rwanda, and completed the first passenger flight of the EH216-S AAV in Africa.

Guotai Junan Securities Partners with Alibaba Cloud
Today, Guotai Junan Securities Co., Ltd. (Guotai Junan) and Alibaba Cloud Intelligence Group held a strategic cooperation signing ceremony. In the future, the two parties will leverage their respective strengths to jointly promote the implementation of cloud computing, artificial intelligence, and other technologies in core financial service scenarios. The signing was witnessed by Guotai Junan's Party Secretary and Chairman Zhu Jian and Alibaba Group CEO and Alibaba Cloud Intelligence Group Chairman and CEO Wu Yongming. The agreement was signed by Guotai Junan's Vice President Han Zhida and Alibaba Cloud Intelligence Senior Vice President and President of the Public Cloud Business Unit Liu Weiguang.

iQIYI's Ultra HD 4K Program Count Increases by 157.4%
As of now, iQIYI has nearly 120,000 episodes of ultra HD 4K content, repaired and enhanced using AI technology, representing a 157.4% increase over two years. During this summer vacation, the search frequency for iQIYI's high-definition classic content increased by 10.3% compared to before the summer holiday.

Xiaohongshu Opens "Direct to Planting" Feature
Xiaohongshu announced that its "Direct to Planting" feature is now open to all industry brands, allowing one-click jumps to platforms like Taobao, Tmall, JD.com, and Pinduoduo.

Hema Neighborhood Pickup to Cease Operations on October 4
Hema Neighborhood Pickup announced in a letter to users that it will fully cease operations on October 4, and Hema gift cards and Hema flowers can still be used at other Hema stores. Public information shows that the Hema Neighborhood Pickup business was launched in 2021 and peaked at 1,500 stores (pickup points). Recently, adjustments at Hema stores have been frequent, with all Hema X membership stores closing at the end of August. Hema stated that future development will focus on the "Hema Fresh+NB" model, targeting key areas. Hema Fresh plans to open nearly 100 stores within the fiscal year, adding more than 50 covered cities, with the total number of Hema Fresh stores expected to exceed 500 by then.

NVIDIA to Replace Rubin Processor CoWoS Substrate Material with Silicon Carbide
To improve performance, NVIDIA plans to replace the interposer substrate material in the CoWoS advanced packaging process of its next-generation Rubin processor with silicon carbide (SiC). Currently, TSMC is inviting major manufacturers to jointly develop manufacturing technology for silicon carbide interposers. The first generation of NVIDIA's Rubin GPUs will still use silicon interposers. However, due to NVIDIA's high demands for performance improvements, when the heat generated within the chip exceeds the limit, silicon carbide must be used. By 2027 at the latest, silicon carbide will enter advanced packaging.

NIO Day 2025 to Be Held on September 20 in Hangzhou
On September 5, NIO announced that NIO Day 2025 will be held on September 20 at Hall 5 of the Hangzhou International Expo Center, with the new ES8 officially launching. This year's event will not have tickets for the outdoor area and will be open to the public.

US Revokes TSMC's Exemption for Delivering Equipment to Mainland China
Following Samsung Electronics and SK Hynix, the US government has revoked TSMC's authorization to deliver necessary equipment to its main chip factory in mainland China. Analysis from Taiwan suggests this move will impact TSMC's ability to produce chips in mainland China. The TSMC Nanjing plant mainly handles mature processes, including 16nm and 28nm, primarily for mainstream chips in automotive electronics, IoT, smartphones, and consumer electronics. In May last year, TSMC announced it had received the Verified End User (VEU) authorization from the US Department of Commerce, but on September 2, it confirmed receiving a notice from the US that the authorization will expire and be revoked on December 31 this year. TSMC is assessing the situation and taking appropriate measures, including communicating with the US government to ensure the Nanjing plant's operations are not affected.

Alibaba Launches Exchange Offer for Unexpired Senior Notes
On the morning of September 5, Alibaba announced at the Hong Kong Stock Exchange that it has launched an exchange offer for its unexpired senior notes, including up to $1 billion principal amount of 4.875% senior notes due in 2030, up to $1.15 billion principal amount of 5.250% senior notes due in 2035, and up to $500 million principal amount of 5.625% senior notes due in 2054 (collectively referred to as "Exchange Notes"). These notes are registered under the US Securities Act of 1933 and its amendments, in exchange for an equivalent principal amount of unexpired 4.875% senior notes due in 2030, 5.250% senior notes due in 2035, and 5.625% senior notes due in 2054 (collectively referred to as "Unexpired Notes"), which were issued in a transaction exempt from registration under the US Securities Act in November 2024. The terms of the Exchange Notes are substantially the same as those of the Unexpired Notes, but the Exchange Notes will not contain provisions regarding transfer restrictions, registration rights, and additional interest arising from failure to comply with the registration rights agreement. The exchange offer will expire at 5:00 PM New York City time on October 2, 2025, unless extended by the company.