Chinese Concept Stocks | JD Finance Sees Surge in Pension Account Activity on Nationwide Opening
4min read On December 16 (Monday) Eastern Time, the three major U.S. stock indices showed mixed results. The S&P 500 index rose by 0.38% to 6074.08 points; the Dow Jones index fell by 0.25% to 43717.48 points; the Nasdaq index increased by 1.24% to 20173.89 points.
On December 13, the Nasdaq Golden Dragon China Index fell by 1.13%.
Regarding popular Chinese stocks, XPeng Motors rose by 0.73%, TSMC increased by 0.62%, Bilibili fell by 3.03%, Baidu decreased by 2.73%, Pinduoduo declined by 2.60%, NetEase dropped by 2.21%, Alibaba went down by 2.04%, NIO decreased by 1.77%, and JD.com fell by 1.56%.
Future Vision saw a latest change of 0.20% over 7 consecutive rising days, with a cumulative increase of 0.40%. Ata Creativity experienced a latest change of 1.02% over 5 consecutive rising days, with a cumulative increase of 9.63%. MKDWELL Tech recorded a latest change of 4.36% over 5 consecutive rising days, with a cumulative increase of 82.91%. Canaan Inc. had a latest change of 8.04% over 4 consecutive rising days, with a cumulative increase of 22.13%. Bright Scholar Education Holdings Limited showed a latest change of 0.51% over 4 consecutive rising days, with a cumulative increase of 11.86%.
TH International had a latest change of -3.24% over 9 consecutive falling days, with a cumulative decrease of -30.48%. Baijia Cloud experienced a latest change of -25.62% over 8 consecutive falling days, with a cumulative decrease of -61.49%. Lichen China saw a latest change of -8.16% over 7 consecutive falling days, with a cumulative decrease of -92.03%. Mengyun Hologram reported a latest change of -5.63% over 6 consecutive falling days, with a cumulative decrease of -24.29%. Fusion Financial Technology Group recorded a latest change of -2.31% over 6 consecutive falling days, with a cumulative decrease of -29.70%. Jin Xuan Group had a latest change of -2.28% over 6 consecutive falling days, with a cumulative decrease of -27.12%. Nature's Sunshine Products, Inc. showed a latest change of -11.86% over 6 consecutive falling days, with a cumulative decrease of -79.94%.
Why Can't OTA Be Interrupted? Li Auto Responds
On December 16, Li Auto addressed questions related to the vehicle's OTA mechanism. Regarding the question "Why can't OTA be interrupted?", Li Auto explained that during the OTA upgrade, the vehicle's controllers erase the current software and rewrite the new software and configuration parameters. If interrupted during this process, the data transfer might be incomplete, potentially damaging the program files and causing system malfunctions, which could affect the normal use of the vehicle. The entire vehicle OTA involves updating the software of multiple control units of the vehicle, and each module needs to ensure software compatibility. If the upgrade is interrupted, it may lead to functional issues due to software version mismatches between these systems. The OTA upgrade logic for vehicles is essentially the same as that for other electronic devices (such as smartphones, tablets, etc.), which cannot be interrupted once the upgrade begins.
JD Finance: Significant Increase in User Account Openings and Deposits on the First Day of Nationwide Personal Pension Launch
Data from JD Finance shows a significant increase in user account openings and deposits since the nationwide launch of the personal pension system on December 15. On the first day, the number of new users opening accounts increased by 207% compared to the previous day, account deposit GMV increased by 242% compared to the previous day, and the number of deposit users increased by 275% compared to the previous day. The JD Finance research team noted that the nationwide launch of personal pensions has made the concept more widespread and included 85 public mutual funds, providing more investment options for those with a more aggressive risk appetite, which greatly helps in attracting users.
NVIDIA's Thor Chip Delays Mass Production, XPeng Considers Shelving Adoption
It is understood that Thor was originally planned for mass production in mid-2024, but it has now been significantly delayed, "expected to be available in mid-next year, and still only the entry-level version." This affects the new product decisions of some domestic car manufacturers. According to multiple sources, domestic automaker XPeng is considering shelving the adoption of the Thor chip in its new cars next year. An insider revealed that XPeng is accelerating the adoption of its self-developed intelligent driving chip "Turing." The chip has already been taped out, and XPeng is testing and validating the chip's stability and performance, with the full-stack NGP already running on Chip XP5 (XPeng's internal code name for the chip). When asked about the aforementioned information, neither XPeng Motors nor NIO provided any comments.
YOUNGOR to Acquire Intime Department Store? Company Responds: Do Not Believe Online Rumors
On December 16, it was reported that Alibaba is in talks with Intime Department Store to sell related shares to YOUNGOR, a leading company in the textile and apparel industry. Another insider stated, "The two parties are currently planning to hold a conference to announce the relevant acquisition matters." In response, when contacted by a reporter posing as an investor, YOUNGOR staff advised not to believe online rumors and to rely on official company disclosures.
Alibaba to Sell Intime Department Store to YOUNGOR? YOUNGOR Responds: No Undisclosed Information
It was reported that Alibaba is in discussions with Intime Department Store to sell related shares to YOUNGOR, a leading company in the textile and apparel industry. An insider revealed, "The two parties are currently planning to hold a conference to announce the relevant acquisition matters." Alibaba had no comment on the matter. On the 16th, YOUNGOR's securities affairs department, when contacted, stated that the listed company has no undisclosed information that should be disclosed.
Li Auto Responds to "Automatic OTA" Incident
Recently, there have been claims on social media that Li Auto's vehicles experienced OTA updates during driving, resulting in entertainment screen blackouts and unresponsive operations. In response, Li Auto's product line president, Liu Jie, stated on Weibo that Li Auto does not perform OTA during driving. An upgrade will only start when the following conditions are met: at the scheduled time, with the vehicle speed at 0, in P gear, all doors locked, and the vehicle powered down. Liu Jie mentioned that after Li Auto's internal analysis, the owner likely manually selected the option to upgrade 5 minutes later on the screen, and after locking the car and powering it down, left the vehicle. The OTA upgrade was then initiated at the scheduled time when the vehicle was locked, powered down, and empty.
Alibaba Plans to Sell Intime Department Store to YOUNGOR, Plans to Hold Press Conference
A source revealed that Alibaba is in talks with Intime Department Store to sell related shares to YOUNGOR, a leading company in the textile and apparel industry. Another insider stated, "The two parties are currently planning to hold a press conference to announce the relevant acquisition matters."
