Chinese Concept Stocks | JD.com Launches First Australian Project Amid Index Decline

On June 20th, Eastern Time (Friday), the three major U.S. stock indices showed mixed trends. The S&P 500 Index fell by 0.22% to 5,967.84 points; the Dow Jones Index rose by 0.08% to 42,206.82 points; and the Nasdaq Index dropped by 0.51% to 19,447.41 points.

On June 20th, the Nasdaq Golden Dragon China Index declined by 0.92%.

Regarding popular Chinese concept stocks, JD.com fell by 3.26%, Bilibili decreased by 2.52%, TSMC dropped by 1.87%, XPeng Motors declined by 1.53%, Baidu fell by 1.09%, Pinduoduo decreased by 1.02%, Alibaba dropped by 0.54%, NIO fell by 0.44%, and NetEase decreased by 0.03%.

In terms of Chinese concept stocks with consecutive gains, Puhua Bio rose by 10.61% over 5 days, increasing by 40.46% during this period. XChange rose by 0.73% over 5 days, with a cumulative gain of 2.26%. Shenzhen Panlink increased by 4.80% over 5 days, with a total gain of 36.11%. Zhongchi Chafu rose by 1.44% over 5 days, with a decline of 3.49% during this period. 9F Inc. increased by 1.72% over 5 days, with a cumulative gain of 7.25%.

For Chinese concept stocks with consecutive declines, Abits Group fell by 4.46% over 7 days, with a cumulative decline of 19.89%. Huachen Technology decreased by 3.72% over 6 days, with a total decline of 18.83%. Woke Medical fell by 2.70% over 6 days, with a total decline of 18.18%. BeiGene dropped by 2.19% over 5 days, with a cumulative decline of 10.59%. Atour Lifestyle Holdings fell by 0.28% over 5 days, with a total decline of 5.50%. Zai Lab dropped by 6.34% over 5 days, with a cumulative decline of 19.61%. HUTCHMED fell by 3.82% over 5 days, with a total decline of 16.25%. Jiayin Group dropped by 4.05% over 5 days, with a cumulative decline of 15.97%. Dingdong Maicai fell by 0.25% over 5 days, with a total decline of 8.86%. Haohong Technology decreased by 2.03% over 5 days, with a total decline of 11.99%. DXS Holdings dropped by 0.85% over 5 days, with a cumulative decline of 14.70%. ATIF Holdings fell by 5.33% over 5 days, with a total decline of 29.03%.

JD.com announced the commencement of operations of its first Australian project, the Brisbane Wacol Logistics Center, marking a significant milestone in JD's global layout in the Asia-Pacific region. The logistics center, located in a core logistics hub on Australia's east coast, has a total building area of over 99,000 square meters. It will significantly enhance logistics distribution efficiency in Queensland and surrounding areas, meeting the warehousing and distribution needs of industries such as e-commerce, retail, and manufacturing, helping local businesses optimize inventory management and reduce operating costs.

Ctrip's "Price Adjustment Assistant" has been accused of disrupting market pricing and hotel operations. Some hotel merchants have reported that the feature automatically scans competitor platform prices through a backend system and forces modifications and reductions in hotel room pricing. Despite showing that the feature has been canceled, it keeps getting reactivated. On the afternoon of June 20th, a reporter called Ctrip's customer service hotline posing as a hotel manager. The customer service representative stated that the price adjustment is to compare prices and prevent customer loss. When asked why the process for merchants to disable the feature seems ineffective, the customer service representative admitted that if the system finds other platforms' prices lower than Ctrip's, it will automatically adjust prices due to contractual requirements for price consistency.

EHang has signed a project cooperation framework agreement with the management committee of the Changchun Jingyue High-Tech Industrial Development Zone in Jilin Province to jointly build a low-altitude economic demonstration zone in Changchun. The state-owned platform company, Jilin Province Aerospace Industry Development Investment Co., Ltd., under the jurisdiction of the management committee, will purchase 41 EH216-S autonomous aerial vehicles from EHang for use in applications such as low-altitude sightseeing, urban emergency response, and urban traffic management. This will support Changchun City's construction of a low-altitude economic development hub and lead the growth of the low-altitude economy in Jilin Province.

Ele.me has reported a logistics supervisor for suspected occupational crimes to the police. Rumors have circulated online that an Ele.me employee was taken away by police for investigation. On June 20th, Ele.me confirmed that an internal investigation found logistics supervisor Han Liu suspected of occupational crime, and the company proactively reported the issue to the police. Recently, the police have summoned relevant personnel for assistance in the investigation. Ele.me upholds a culture of integrity and does not tolerate any behavior that crosses the line, handling such matters strictly in accordance with the law.

SoftBank founder Masayoshi Son is reportedly seeking to collaborate with TSMC to build a $1 trillion AI center in Arizona.