Chinese Concept Stocks | Greenwoods Hedge Fund Increases Holdings in Pinduoduo, Alibaba, and TSMC

On August 9th (Friday), Eastern Time, the three major U.S. stock indices all closed higher. The S&P 500 index rose 0.47% to 5344.16 points; the Dow Jones index rose 0.13% to 39497.54 points; the Nasdaq index rose 0.51% to 16745.30 points.

On August 9th, the Nasdaq Golden Dragon China Index fell 0.96%. In terms of popular Chinese concept stocks, TSMC rose 1.59%, NetEase rose 0.84%, Pinduoduo rose 0.02%, Bilibili fell 5.00%, XPeng fell 2.97%, Baidu fell 1.66%, NIO fell 0.92%, JD.com fell 0.39%, and Alibaba fell 0.35%.

【Consecutively Rising Chinese Concept Stocks】
Companies with consecutive rises include Douyu (1.24%, 5 days, 7.60% over the period), Able View Global (5.36%, 5 days, 8.26%), Zhongchao Medical (0.58%, 5 days, 51.36%), Pinduoduo (0.01%, 4 days, 9.39%), Li Auto (0.81%, 4 days, 5.46%), Miniso (1.08%, 4 days, 5.46%), Baijiayun (0.24%, 4 days, 7.06%), Taihe Cheng Medical (1.43%, 4 days, 19.09%), Huami Technology (12.28%, 4 days, 24.27%), Ming Teng (8.35%, 4 days, 15.05%), Huayang New Energy (11.13%, 4 days, 22.55%), and Euro Tech (2.65%, 4 days, 5.44%).
【Consecutively Falling Chinese Concept Stocks】
Companies with consecutive declines include Huapu Group (-12.04%, 10 days, -57.71% over the period), Haowei (-2.76%, 9 days, -26.37%), Meta Data (-5.02%, 8 days, -82.81%), LightInTheBox (-10.87%, 7 days, -34.40%), Ritu Eco (-6.10%, 7 days, -33.83%), and Tao Screen (-2.88%, 7 days, -31.66%).
【Chinese Concept Stocks News】

13F Report: Greenwoods Asset Management Increased Holdings in Pinduoduo, Alibaba, and TSMC in Q2
An analysis of Greenwoods Asset Management Hong Kong Ltd.'s 13F filing shows that this hedge fund completely sold off JD.com and increased its holdings in Pinduoduo, Alibaba, and TSMC in the second quarter in its ADR investments in the Greater China region.
Jiangxiaobai Responds to Apology from Dongfang Zhenxuan Host Tianquan: Unacceptable, Will Further Protect Legitimate Rights
At 11 PM on August 9th, Jiangxiaobai Liquor issued a statement regarding the apology letter from Dongfang Zhenxuan host Tianquan, stating, "The apology letter issued by the personal account 'Dongfang Tianquan is a Second-Hand English Teacher' addressed 'friends' without a signature or stamp. The attitude of the apology is insincere and attempts to cover up the obvious facts of malicious slander and defamation of the brand during the live broadcast. Our company does not accept such informal and insincere apologies and will further protect its legitimate rights through complaints to relevant national authorities and normal legal proceedings."
Dongfang Zhenxuan Apologizes to Jiangxiaobai for Host's Inaccurate Comments: Will Strengthen Relevant Training
Dongfang Zhenxuan host Tianquan issued an apology letter, stating that he said Jiangxiaobai is not Baijiu during the live broadcast, causing misunderstandings among the audience and trouble for the Jiangxiaobai brand. "At that time, I was referring to Jiangxiaobai's flavored wine, not its Baijiu. Jiangxiaobai's Baijiu is certainly Baijiu." Subsequently, Dongfang Zhenxuan's official Weibo also issued an apology to Jiangxiaobai. Dongfang Zhenxuan stated that the host's understanding of the Baijiu category was indeed not professional or comprehensive enough and that they would strengthen relevant training in the future. "We sincerely apologize for the trouble caused to the Jiangxiaobai brand by the host's mistake!"
Jiang Xinjie Appointed as Baidu's PR Head, Reporting to Senior Vice President Liang Zhixiang
On August 9th, it was announced that Jiang Xinjie has officially joined Baidu as the PR Head, reporting to Baidu Group Senior Vice President Liang Zhixiang.
XPeng Confirms Organizational Restructure: New AI Model Development, AI Application Development, and AI Efficiency Development Functions Established
In response to reporter inquiries, XPeng Motors stated: As a "global pioneer and popularizer of AI intelligent driving cars," XPeng Motors is committed to bringing users a safe, efficient, and convenient AI intelligent driving travel experience. In July this year, based on China's first mass-produced end-to-end AI large model, XPeng Motors has taken the lead in fully pushing the "nationally useful" intelligent assisted driving XNGP to all cities across the country. Recently, the company has made corresponding organizational structure adjustments to the autonomous driving department, establishing new AI Model Development, AI Application Development, and AI Efficiency Development functions, aiming to accelerate AI capability evolution and organizational AI transformation, continuously bringing users AI intelligent driving products and experiences that exceed expectations.
Jiangxiaobai Clashes with Dongfang Zhenxuan: Host's Comments Severely Deviated from Facts, Causing Great Harm to Our Company
Today, Jiangxiaobai issued a statement saying that Dongfang Zhenxuan host Tianquan's introduction of Jiangxiaobai products during the Dongfang Zhenxuan live broadcast severely deviated from the facts, demanding Dongfang Zhenxuan publicly apologize and eliminate the impact.
Trip.com: Local Travel Orders Increased by 82% Year-on-Year Around Qixi Festival
According to Trip.com, this year's Qixi Festival coincides with the weekend, leading to a significant increase in travel orders. Data from Trip.com shows that from August 9th to 11th, the volume of domestic local travel and surrounding travel orders increased by 37% and 82% year-on-year, respectively, with orders for themed rooms in some hotels nearly doubling year-on-year, showcasing the vitality of the romantic economy.
Jiangxiaobai Liquor: Filed Complaint with Relevant Authorities Regarding Dongfang Zhenxuan Host Tianquan's Inaccurate Comments
On the afternoon of August 9th, Chongqing Jiangxiaobai Liquor Co., Ltd. issued a statement saying that all Jiangxiaobai liquor products are made using pure grain solid-state fermentation, with water and sorghum as the only raw materials. The product standards are in compliance with the national standard GB/T26761 (premium grade) for small-qu brewed solid-state Baijiu. All production processes and standards are clearly stated on the product packaging without any concealment or misleading behavior. Jiangxiaobai Liquor stated that Dongfang Zhenxuan host Tianquan made comments during the live broadcast that severely deviated from the facts, misleading consumers and defaming the Jiangxiaobai brand, infringing on the company's legitimate rights. The company has filed a complaint with the relevant authorities, demanding Dongfang Zhenxuan make a public apology and eliminate the impact.
Fliggy: This Year's Ice and Snow Season Products Are Now on Sale
This year's winter off-season "travel hoarding" has already begun. Recently, brands such as Wanda Hotels & Resorts, Club Med Resorts, Vanke Songhua Lake Resort, and Cuiyun Mountain Resort have launched winter ski package sales on Fliggy. For example, Wanda Hotels & Resorts have achieved a cumulative transaction value of over 1.8 billion yuan in just 8 days through Fliggy, with the highest single product sales exceeding 70,000 units.
Baidu Intelligent Cloud and Yuzhong Kaile Reach Consensus on Smart Travel Cooperation
Recently, the Baidu Intelligent Cloud team visited the Zhongyu Production Investment Group and discussed the deep application of artificial intelligence technology in the travel industry with Yuzhong Kaile, the company responsible for AI business. The two sides reached a consensus on cooperation in smart travel and autonomous driving technology. In the future, both parties will fully leverage their respective advantages, aiming to achieve innovative breakthroughs in the smart travel and transportation field in Henan Province, inject new momentum into the construction of smart transportation in Henan, and jointly promote the high-quality development of the regional automotive industry.
XPeng Autonomous Driving Department Organizational Restructure: Establishes Three New Functions to Accelerate Organizational AI Transformation
Recently, it was reported that XPeng Motors has made adjustments to its organizational structure, reorganizing the structure according to changes in intelligent driving technology routes, and focusing on end-to-end models. The core focus of this adjustment is the technology development department, which covers algorithm development for perception, planning, control, and positioning. After the adjustment, the technology development department is divided into three departments: AI End-to-End, AI Application, and AI Efficiency. The AI End-to-End department is responsible for the development of end-to-end models, the AI Application department is responsible for delivery. This adjustment effectively splits the algorithm team into two parts: one for model development and one for delivery. In response to reporter inquiries, XPeng Motors stated, "The company has made corresponding organizational structure adjustments to the autonomous driving department, establishing new AI Model Development, AI Application Development, and AI Efficiency Development functions to accelerate AI capability evolution and organizational AI transformation."
TSMC July Sales Reached NT$256.9 Billion
TSMC's sales in July reached NT$256.9 billion, a year-on-year increase of 45%.
XPeng Huitian: "Land Carrier" Undergoing "Three High" Tests
XPeng Huitian announced that at the end of July, the power mule vehicle of the "Land Carrier" officially began summer standard testing, facing the comprehensive challenges of high temperature and plateau environments as part of the "Three High" tests. After four months of in-factory debugging, functional testing, and performance optimization, XPeng Huitian's test team officially set out for Turpan in Xinjiang and Qilian Mountain in Qinghai with the power mule vehicle of the "Land Carrier" to conduct comprehensive testing. This test will verify the stability and reliability of the vehicle under extreme conditions, laying the foundation for subsequent research and development and mass production.