Chinese Concept Stocks | JD.com Launches First Self-Operated Food Delivery Store Amid Stock Dip

On July 21st, Eastern Time (Monday), the three major U.S. stock indexes showed mixed performances. The S&P 500 index rose by 0.14% to 6,305.60 points; the Dow Jones index fell by 0.04% to 44,323.07 points; and the Nasdaq index increased by 0.38% to 20,974.17 points.

On July 21st, the Nasdaq Golden Dragon China Index dropped by 0.28%.

Regarding popular Chinese concept stocks, NIO increased by 2.85%, Pinduoduo rose by 2.44%, Baidu climbed by 1.14%, NetEase went up by 0.90%, Alibaba rose slightly by 0.03%, JD.com fell by 1.53%, Bilibili decreased by 0.99%, TSMC dropped by 0.70%, and XPeng Motors went down by 0.33%.

In terms of continuously rising Chinese concept stocks, Future Vision rose by 0.19% for 11 consecutive days, accumulating a gain of 0.19% over this period. Huya increased by 16.47% over 10 consecutive days, with a cumulative gain of 60.08%. Online Class Technology rose by 23.33% over 9 days, achieving a total gain of 42.31%. Zhongchi Chafu increased by 4.55% over 9 days, accumulating a gain of 1.05%. Hutchison China MediTech rose by 0.85% over 7 days, with a total gain of 11.08%. Interstellar Fashion increased by 1.85% over 7 days, achieving a cumulative gain of 27.91%.

As for continuously declining Chinese concept stocks, Tea Master Bawang dropped by 0.77% for 7 consecutive days, with a total decrease of 14.29%. Jinsheng Amusement fell by 23.23% over 7 days, with a cumulative decline of 48.52%. ECARX Technologies dropped by 3.08% over 6 days, accumulating a decrease of 44.00%. Enlightify fell by 3.11% over 6 days, with a total decline of 22.48%. Advanced Biomed dropped by 6.49% over 5 days, with a cumulative decrease of 19.73%.

JD.com has launched a new model for its food delivery service, with its first self-operated store, "Qixian Kitchen," officially opening on July 20th. Customers can place orders online and choose between delivery and self-pickup, though dine-in is not available. The store, which is part of the JD Food Delivery channel, offers items priced between 10 and 30 yuan, and has sold 800 portions so far. Currently, "Qixian Kitchen" is not available on Meituan or Ele.me. Social media users have shared their experiences with the new service.

In other news, New Oriental has established a new technology company called "Yuelai Dongfang Technology Co., Ltd." in Wuhan. The legal representative is Zhang Tengfei, with a registered capital of 10 million yuan. The company’s business scope includes information technology consulting services, computer system services, software development, and software sales. The company is wholly owned by New Oriental Education & Technology Group.

JD.com has made significant moves in the robotics sector, investing in three robotics companies. Qianxun Intelligent announced it has completed a 600 million yuan Pre-A+ funding round, led by JD.com. LimX Dynamics also announced new funding, with JD.com as the strategic lead investor. Zongqing Robotics completed two rounds of funding, with the A1 round led by JD.com. JD.com representatives stated that the company is highly focused on technological trends such as embodied intelligence and large models, and plans to build an innovation ecosystem through internal innovations and external investments.

Zongqing Robotics has completed Pre-A++ and A1 funding rounds, with the Pre-A++ round initiated by Star Capital, a cornerstone investor set up by XPeng Motors. The A1 round was led by JD.com, with participation from Ningde Times’ Puchen Capital, Yintai Group, Huake Capital, Dacheng Finance, Huangpujiang Capital, and other investors. Existing shareholders like Zhongdong Capital, Guoxiang Capital, Honghui Fund, Xunshang Venture Capital, and Baohe Venture Capital also participated in these rounds.

LimX Dynamics, a company specializing in embodied intelligent robotics, announced it has completed a new funding round, strategically led by JD.com. LimX Dynamics and JD.com aim to promote collaborative exploration in sectors like retail, logistics, and services.

Reports suggest that TSMC plans to expand its 2nm monthly production capacity to 100,000 wafers by next year, due to strong demand from major customers such as Apple, AMD, and Intel, as well as upcoming adoption by Qualcomm, MediaTek, and NVIDIA. The company aims to increase its 2nm production capacity by 1.5 times from 40,000 wafers by the end of this year, and potentially double it to 200,000 wafers by 2027. This would make the 2nm node TSMC’s largest advanced process node below 7nm in terms of production capacity.

According to reports, the competition between JD.com and Meituan has extended to the field of embodied intelligence. After Meituan’s investments in two embodied intelligence companies, JD.com has made its moves, investing in Qianxun Intelligent and Zongqing Robotics. Specifically, Qianxun Intelligent completed a nearly 600 million yuan Pre-A+ funding round, led by JD.com, with participation from China Internet Investment Fund, Zhejiang Sci-Tech Innovation Fund, Huatai Zijin, and others. Zongqing Robotics also completed two rounds of funding, with the A1 round led by JD.com and participation from companies like Ningde Times’ Puchen Capital and Yintai Group.