Chinese Concept Stocks | JD and Ant Group Advance in AI with Embodied Intelligence and MoE Models

On March 24th (Monday), Eastern Standard Time, the three major U.S. stock indices all rose over 1%. The S&P 500 Index increased by 1.76%, closing at 5767.57 points; the Dow Jones Index rose by 1.42%, closing at 42583.32 points; and the Nasdaq Index gained 2.27%, closing at 18188.59 points.

On March 24th, the Nasdaq Golden Dragon China Index fell by 0.02%.

Among popular Chinese concept stocks, NetEase rose by 2.97%, TSMC increased by 2.52%, Baidu gained 1.41%, Pinduoduo added 1.17%, JD.com rose by 0.78%, Bilibili remained unchanged, NIO dropped by 2.67%, XPeng Motors fell by 1.93%, and Alibaba decreased by 0.44%.

Some Chinese concept stocks have recorded consecutive gains. Global Lights rose by 0.09% over 18 consecutive days with an overall gain of 0.56%. Zhongzhi Chuangfu increased by 0.71% over 15 days with a cumulative increase of 32.67%. OneConnect Financial Technology gained 0.59% over 5 days with a total rise of 4.62%. Ata Creativity added 1.04% over 5 days with a gain of 16.47%. Dajian Yuncang rose by 4.18% over 4 days with a cumulative increase of 8.88%. Waterdrop gained 0.65% over 4 days with an overall rise of 10.79%. Monster Charge increased by 0.89% over 4 days with a gain of 0.89%. The9 Limited gained 2.85% over 4 days with a total rise of 9.72%. Advanced Biomed added 1.57% over 4 days with a gain of 6.85%. Jinsheng Amusement rose by 39.50% over 4 days with a cumulative increase of 75.00%. Starke increased by 0.27% over 4 days with a gain of 12.14%. Kuke Music gained 16.84% over 4 days with an overall rise of 71.65%.

Some Chinese concept stocks have recorded consecutive declines. Zhongbei Energy fell by 4.30% over 6 consecutive days with a total decline of 14.19%. Tianmei Bio decreased by 13.06% over 6 days with a cumulative drop of 89.65%. Autohome fell by 0.60% over 5 days with a total decline of 8.58%. Gaotu decreased by 4.15% over 5 days with a cumulative drop of 19.05%. Aihuishou fell by 1.29% over 5 days with a total decline of 12.07%. Mingzhu Logistics decreased by 3.91% over 5 days with a cumulative drop of 13.42%.

Chinese Concept Stock News

JD.com Enters Embodied Intelligence with Multiple Teams for Advanced Research
On March 24th, it was revealed that JD.com has entered the field of embodied intelligence, focusing on home scenarios and has established relevant business departments. Sources close to JD.com disclosed that the company places great importance on innovation and application in fields such as artificial intelligence, automation, and robotics, with multiple internal teams working on advanced research in embodied intelligence and other cutting-edge directions.

Ant Group Launches New MoE Large Language Model Trained with Domestic AI Chips
Recently, the Ling team at Ant Group published a technical paper showcasing two different scale MoE large language models—Ling-Lite and Ling-Plus. The Ling-Lite model has 16.8 billion parameters (with 2.75 billion active parameters), while the Ling-Plus base model has 290 billion parameters (with 28.8 billion active parameters), both achieving industry-leading performance. Aside from the self-developed high-performance large models, the most significant breakthrough in this technical paper is the introduction of a series of innovative methods to enhance the efficiency and accessibility of AI development in resource-constrained environments. Experiments show that their 300 billion parameter MoE (Mixture of Experts) large model can be efficiently trained on low-performance devices using domestic GPUs, achieving performance comparable to models fully using NVIDIA chips, with the same scale and density MoE models.

Baidu Miaodada Fully Launched, Declaring AI Application Development Entering the "Era of the Public"
Baidu announced that the "conversational" application development platform Miaodada is officially fully launched, allowing users to experience H5 and website development on the homepage. First unveiled at the Baidu World Conference last November, Miaodada introduced the concept of "multi-intelligent agent collaboration," attracting over 20,000 companies to apply for internal testing upon release.

YY Enhances Voice Business with the Launch of Standalone YY Voice App
YY has officially launched the standalone YY Voice App, strengthening its voice business. With the launch of the YY Voice App, YY has formed a product matrix of YY Live App, YY Voice App, and YY Voice PC Client. In terms of functionality, the YY Voice App is a pure voice communication tool aimed primarily at gaming and social voice users, with no ads or distracting elements on the app's homepage, retaining only complete voice chat functions. Technically, the YY Voice App has significantly optimized memory space and processor usage and added features such as AI noise reduction and echo cancellation.

TSMC to Begin Mass Production of 2nm Chips in the Second Half of This Year, Expected to Reach a Monthly Capacity of 50,000 Wafers by Year-End
TSMC will hold a 2nm capacity expansion ceremony at its Kaohsiung plant on March 31 and begin accepting 2nm wafer orders from April 1. TSMC Chairman Mark Liu revealed that the demand for 2nm technology from customers even exceeds that for 3nm at the same time. According to TSMC's plan, 2nm wafers will be produced simultaneously at the Hsinchu Baoshan plant and the Kaohsiung plant in the second half of this year. The relevant supply chain has disclosed that the 2nm pilot production yield at TSMC's Hsinchu Baoshan plant has reached 60%, continuing to advance as scheduled. It is expected that the monthly production capacity will reach 50,000 wafers by the end of the year, with potential customers including Apple, AMD, Intel, and Broadcom.

Zhihu Zhida Releases New Version, Supporting AI Search with Real and Traceable Sources
Zhihu Zhida has released a new version supporting search results that directly trace back to the real creations of Zhihu contributors, enhancing the connection between AI tools and people, thereby further reducing AI hallucinations and improving the professionalism and credibility of content. As Zhihu's first standalone AI product, Zhihu Zhida has leveraged the content advantages of a massive professional discussion community and a library of over 50 million articles, and through the integration of DeepSeek, it has upgraded its reasoning capabilities. Since 2023, Zhihu has been strategically developing in the field of AI large models, launching the self-developed large model "Zhihai Map AI" at the model layer, and entering the AI search field through the Zhida product at the application layer.

Ming-Chi Kuo: iPhone 18 Series A20 Processor to Use TSMC's 2nm Process
Recently, analyst Ming-Chi Kuo reiterated his prediction from six months ago that the A20 chip in the iPhone 18 series will be manufactured using TSMC's 2nm process. Additionally, he stated that the R&D trial production yield of TSMC's 2nm chips was already above 60%-70% over three months ago and has since far exceeded this range.