Chinese Concept Stocks | JD.com Expands International Business with Local E-commerce Strategy

On June 17th, Eastern Time (Tuesday), the three major U.S. stock indices collectively closed lower. The S&P 500 Index fell by 0.84%, closing at 5982.72 points; the Dow Jones Index dropped by 0.70%, closing at 42215.80 points; and the Nasdaq Index decreased by 0.91%, closing at 19521.09 points.

On June 17th, the Nasdaq Golden Dragon China Index declined by 1.77%.

Among popular Chinese concept stocks, Bilibili fell by 2.60%, NIO by 1.99%, Baidu by 1.42%, NetEase by 1.12%, JD by 0.93%, TSMC by 0.82%, Alibaba by 0.75%, XPeng by 0.46%, and Pinduoduo by 0.25%.

Regarding Chinese concept stocks with consecutive gains, Connect Biopharma increased by 7.41% over 6 consecutive days, with a total gain of 34.75% during this period. Silvercorp Metals rose by 1.70% over 4 days, with a total gain of 5.78%. Energy Monster increased by 1.73% over 4 days, with a total gain of 4.56%. Austin Technology rose by 2.10% over 3 days, with a total gain of 10.14%. Parkland Bio increased by 6.14% over 3 days, with a total gain of 16.33%. Sohu rose by 1.38% over 3 days, with a total gain of 5.57%. SoftCloud Technology increased by 14.60% over 3 days, with a total gain of 25.82%. ByHealth Medical rose by 25.80% over 3 days, with a total gain of 63.81%. Mingteng increased by 0.08% over 3 days, with a total gain of 2.00%. Yunxuetang rose by 3.61% over 3 days, with a total gain of 11.04%. Shenfanlian increased by 4.50% over 3 days, with a total gain of 18.67%. Stark rose by 3.90% over 3 days, with a total gain of 31.87%. Color Star Technology increased by 1.16% over 3 days, with a total gain of 2.30%. Haoxin Holdings rose by 3.54% over 3 days, with a total gain of 8.05%. UTStarcom increased by 11.24% over 3 days, with a total gain of 11.49%. Enlightify rose by 1.87% over 3 days, with a total gain of 6.86%. 9F Inc. increased by 0.34% over 3 days, with a total gain of 5.80%. Pintec rose by 0.56% over 3 days, with a total gain of 1.24%. China Natural Resources increased by 7.13% over 3 days, with a total gain of 651.72%.

Regarding Chinese concept stocks with consecutive declines, Cango fell by 3.20% over 7 days, with a total decline of 12.69%. Waterdrop decreased by 0.76% over 7 days, with a total decline of 11.86%. Clink Group dropped by 3.43% over 5 days, with a total decline of 19.14%. Abits Group fell by 3.84% over 5 days, with a total decline of 12.19%. Green Planet decreased by 67.01% over 5 days, with a total decline of 74.58%. Senmiao Technology dropped by 3.23% over 5 days, with a total decline of 76.43%.

Liu Qiangdong Discloses Progress of JD International Business: Avoids Cross-Border E-commerce Model, Infrastructure Mostly Completed
Liu Qiangdong, Chairman of JD Group, stated at a small-scale sharing session that JD's international business strategy focuses on local e-commerce and building local teams. "We already have over 2,000 employees working on local procurement and delivery, only selling branded goods." Liu expressed that JD does not follow the cross-border e-commerce model, believing it to be unsustainable in the long run. JD has been developing in Europe for three years, and its infrastructure is mostly completed. Liu said JD's international strategy differs from Amazon's, aiming to succeed by promoting 1,000 Chinese brands. "It might take another five years to fully bring these brands overseas, requiring compliance and local certification efforts," Liu added.

Liu Qiangdong: Donated 120,000 RMB During Wenchuan Earthquake, Wrote "Will" Before Heading to Disaster Area
Liu Qiangdong, Chairman of JD Group, stated at a sharing session that in the event of a disaster anywhere in the country, JD's warehouse managers nearby have the authority and obligation to donate emergency supplies. He recounted that after the 2008 Wenchuan earthquake, he decided to go to the disaster area, donating his personal savings of 120,000 RMB. Unable to sleep, he drove with friends from Beijing to the center of the earthquake zone in Pingwu County to assist in the rescue. Before leaving, he sent a letter akin to a will to all employees, explaining what to do if he didn't return.

Liu Qiangdong: Company Operations Rely on Teamwork, JD Emphasizes "Cooperation"
Liu Qiangdong, Chairman of JD Group, said at a sharing session that when it comes to crisis awareness, he once considered retiring due to lacking confidence. "Everyone has moments of confusion and doubt, including myself," he admitted. Reflecting on it, he stated that the company relies on a team rather than an individual. JD emphasizes "cooperation," and its Strategic Execution Committee consists of diverse members with strengths in management, strategy, and international experience. "Our current approach is team collaboration and mutual complementarity," Liu noted.

JD CEO Xu Ran: JD's Entry Is Changing the Competitive Landscape of the Food Delivery Industry
JD Group CEO Xu Ran said that JD's entry into the food delivery industry is effectively changing its previously intense competition. The industry's past issues of excessive competition mainly revolved around flow, subsidies, and algorithmic pressures on riders, with high market concentration. Xu emphasized that a new player like JD can promote healthy industry development. JD's aim is to enhance quality for consumers, merchants, and riders, constantly improving its cost-efficiency, rider benefits, merchant burden reduction, and food safety standards.

Liu Qiangdong: JD to Apply for Stablecoin Licenses in Major Currency Countries
Liu Qiangdong, Chairman of JD Group, stated at a sharing session that JD plans to apply for stablecoin licenses in all major currency countries, aiming to reduce global cross-border payment costs by 90% and improve efficiency to under 10 seconds. Currently, corporate remittances average 2 to 4 days with high costs. Once B2B payments are complete, JD will extend to C2C payments, hoping to enable global consumption using JD stablecoins.

WeDoctor Holdings and Alibaba Cloud Form Strategic Partnership
On June 17th, WeDoctor Holdings and Alibaba Cloud announced a strategic partnership to jointly develop a comprehensive medical AI system based on the "Tongyi Qianwen" model, aiming to build a specialized medical model.

Li Auto Responds to Meituan CEO Wang Xing's Stock Reduction: It's a Personal Decision, Not Involving Meituan's Stake
Hong Kong Stock Exchange data shows that from June 10th to June 13th, Meituan CEO Wang Xing sold 5.737 million shares of Li Auto, cashing out over 600 million HKD. His stake decreased from 20.94% to 20.61%. Li Auto stated that Wang's recent stock sale during the open window period is a personal decision, involving a small portion of his total holdings and not affecting Meituan's stake. Specific holdings information will be available in the company's annual report.

HSBC Increases Stake in MINISO from 8.97% to 9.00% on June 11th
Hong Kong Stock Exchange data shows that HSBC increased its stake in MINISO from 8.97% to 9.00% on June 11th.

JPMorgan Decreases Stake in Alibaba-W from 6.26% to 5.94% on June 11th
Hong Kong Stock Exchange data shows that JPMorgan reduced its stake in Alibaba-W from 6.26% to 5.94% on June 11th, with an average share price of 118.4452 HKD.

Ant Group Takes Stake in Embodied Intelligence Company Lingxin Qiaoshou
Tianyancha data shows that recently, Lingxin Qiaoshou (Beijing) Technology Co., Ltd. underwent a business change, adding Zhongjin Guanbo (Shanghai) Private Equity Investment Fund Partnership (Limited Partnership) and Ant Group's wholly-owned subsidiary Shanghai Yunyang Enterprise Management Consulting Co., Ltd. as shareholders. The registered capital increased from 6.615 million RMB to 7.208 million RMB. Lingxin Qiaoshou, established in July 2023, focuses on service consumer robot manufacturing, sales, and AI foundational software development. The company completed seed funding in 2025.

Tmall 618 New Product Sales Increase by 153% Year-on-Year
During this year's 618 shopping festival, sales of new products launched on Tmall surged by 153%. Data shows that from the start of the 618 sales to June 12th, 12 new products reached sales of over 100 million, 504 products surpassed 10 million, and 6970 products exceeded 1 million, with the number of products surpassing 10 million and 1 million increasing by 110% and 192% year-on-year, respectively.

Anheng Information and Baidu Netcom Sign Strategic Cooperation Agreement
On June 16th, Beijing Baidu Netcom Science and Technology Co., Ltd. and Anheng Information officially signed a strategic cooperation agreement. The two parties will focus on cloud security, data security, and large model security, jointly exploring intelligent security solutions.

Takeda Pharmaceutical China's President Shan Guohong to Join BeiGene
Multiple sources report that Shan Guohong will join BeiGene. Shan, currently Takeda Pharmaceutical's Global Senior Vice President and President of Takeda China, will be leaving. Shan is expected to replace Yin Min, who is under investigation by regulatory authorities, as BeiGene's Chief Commercial Officer for Greater China, though Shan's responsibilities will differ. The specific date of Shan's joining BeiGene is not confirmed, and BeiGene did not comment on inquiries.

Alibaba Releases Upgraded Qwen3 Series Models Compatible with Apple's MLX Architecture
On June 17th, Alibaba's Tongyi Qianwen launched the fully optimized Qwen3 series models based on Apple's MLX framework. The team open-sourced 32 official Qwen3 MLX models at once, enabling deployment across Mac Pro, Mac Studio, Mac mini, MacBook, iPad, and iPhone.

Zhongyi Technology: No Cooperation with Ant Financial and