Chinese Concept Stocks | JD Logistics Launches New Moving Service in Beijing Amid Market Decline

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On February 28th, Eastern Time (Friday), all three major US stock indices rose by more than 1%. The S&P 500 index increased by 1.59%, closing at 5954.50 points; the Dow Jones index rose by 1.39%, closing at 43840.91 points; and the Nasdaq index climbed by 1.63%, closing at 18847.28 points.

On February 27th, the Nasdaq Golden Dragon China Index fell by 0.93%.

In terms of popular Chinese concept stocks, Pinduoduo fell by 4.21%, XPeng Motors dropped by 3.55%, NIO decreased by 3.34%, Alibaba declined by 2.97%, Baidu fell by 2.05%, Bilibili decreased by 1.74%, JD.com dropped by 1.51%, NetEase fell by 0.73%, and TSMC declined by 0.28%.

In terms of continuously rising Chinese concept stocks, 111, Inc. increased by 0.23% for 10 consecutive days with a cumulative rise of 20.68% during this period. Rongye Foods rose by 1.38% over 5 consecutive days, with a cumulative increase of 2.29%. Zeekr saw a 2.29% rise over 4 consecutive days, accumulating a 13.63% increase. Gaotu increased by 2.03% for 4 consecutive days, with a cumulative rise of 43.27%. Shengda Tech rose by 0.21% over 4 consecutive days, accumulating a 1.90% increase. Bright Scholar Education Holdings Limited saw a 5.10% rise over 4 consecutive days, with a cumulative increase of 9.27%. Mogu Street increased by 2.14% for 4 consecutive days, with a cumulative rise of 12.79%.

In terms of continuously falling Chinese concept stocks, Cango dropped by 3.57% for 13 consecutive days, with a cumulative decline of 37.81%. Inlyte fell by 5.06% over 9 consecutive days, accumulating an 89.65% decrease. GreenTree Hospitality dropped by 0.37% for 8 consecutive days, with a cumulative decline of 10.86%. Bit Origin fell by 4.96% over 8 consecutive days, accumulating a 62.08% decrease. Able View Global declined by 5.00% for 7 consecutive days, with a cumulative drop of 27.97%. Wangdao Technologies fell by 4.37% over 7 consecutive days, accumulating a 10.45% decrease.

JD Logistics Launches "JD Moving" to Enter the Moving Market

JD Logistics has added a new service to its local life service offerings. On February 28th, it was noted that JD Logistics' "JD Service+" mini-program has launched a "JD Moving" channel, offering two types of moving services: "JingZun Move" and "JingXiang Move," with all service personnel being full-time employees of JD Logistics. The moving service is currently officially operating in Beijing. According to the information released by the platform, "JingXiang Move" includes services such as evaluation, packing, moving, and transport, while "JingZun Move" offers additional services like deep restoration and storage at the destination. In response to inquiries about the new moving business, a relevant person from JD Service+ said that moving is a necessary service in family scenarios and is closely related to needs like appliance removal and home restoration. The first location of JD Moving is in Beijing due to the demand from many families facing rental, housing change, and school district relocation needs. The person further explained that the dual product lines of "JingXiang Move" and "JingZun Move" aim to meet the diverse needs of different users. "JingXiang Move" provides standardized services for basic moving needs with transparent pricing to ensure cost-effectiveness, while "JingZun Move" offers complex scenarios with additional services like 1:1 restoration of books, addressing users' concerns about hassle and detail-oriented needs.

NIO Legal Department: Collaborates with Police to Combat Malicious Rumor-Mongering Accounts

On February 28th, NIO's legal department announced its progress in defending against malicious online rumors and defamation, stating that it will collaborate with the police to legally combat the illegal activities of malicious rumor-mongering accounts such as "Lu Jie Talks Cars." On the same day, the holder of the online account "Yin Ge Popularizes New Energy" posted a video through his account, publicly apologizing for his previous false statements about NIO and LeDao brands.

Baidu Plans to Issue Its First Dim Sum Bond as Early as Next Week

Baidu plans to issue its first Dim Sum bond as early as next week.

Li Auto: Over 10,000 Charging Piles Built at Li Super Charging Stations

Li Auto's official Weibo account announced that the number of charging piles at Li Super Charging Stations has reached over 10,000. From the completion of the first Li Super Charging Station on April 20, 2023, to the establishment of the 1873rd station on February 28, 2025, it took 1 year and 10 months to build over 10,000 charging piles.

JD Takeaway Holds Signing Ceremony with First Batch of Full-Time Rider Representatives, Becomes First Platform to Implement Five Insurances and One Housing Fund for Riders

JD held a signing ceremony with the first batch of full-time rider representatives from JD Takeaway. Starting March 1st, full-time riders will sign formal labor contracts with JD. JD previously announced that all costs associated with the five insurances and one housing fund for full-time riders, including the portion required to be paid by individuals, will be entirely borne by JD, ensuring that riders' cash income will not decrease due to these contributions. This initiative includes both existing and new riders. JD stated that as the industry's first platform to implement five insurances and one housing fund for delivery riders, it is steadily advancing the signing of full-time riders and the payment of five insurances and one housing fund, allowing more riders to have pensions, medical care, and compensation for injuries.

He Xiaopeng: XPeng Aims to Be a "Global AI Car Company"

He Xiaopeng revealed on Weibo his regret for missing the debut of XPeng G6. He also stated that XPeng Motors aims to be a "global AI car company," democratizing technology so that more people can enjoy it. He mentioned, "Revolutionize oneself to achieve unmatched rebirth," and that XPeng fundamentally aims to be a "global AI car company," continuously exploring newer and better technologies and applying them to new models, but not necessarily the most expensive ones, democratizing technology for more people to enjoy.

Li Auto's ADPro to Feature Horizon Journey 6M, Launching in May

On February 28th, Li Auto's Vice President Liu Jie announced on Weibo that Li Auto's L series and Li MEGA will launch the "Intelligent Driving Upgrade Edition" in May, focusing on hardware upgrades for intelligent driving. It is reported that models equipped with Li's ADPro intelligent driving system will be upgraded from the existing Horizon Journey 5 computing solution to the Journey 6M computing solution, and will also add laser radar as a standard feature, aligning with the active safety capabilities of the Li ADMax intelligent driving system, supporting advanced driver assistance and highway NOA functions, and will be continuously upgraded via OTA.

Nanjing Xingshen: Subsidiary Sole Network is an Important Server Room and Bandwidth Resource Provider for Alibaba Cloud

An investor inquired whether Sole Network is a core partner of Alibaba Cloud, an elite partner of Alibaba Cloud, a nationwide ecological partner, an MSP partner, and a city service provider. Nanjing Xingshen responded on the interaction platform that its subsidiary Sole Network is an important server room and bandwidth resource provider for Alibaba Cloud, providing stable, efficient, and secure infrastructure support for Alibaba Cloud over the long term. As a core distribution partner of Alibaba Cloud, the company leverages its deep industry understanding and professional service team to help various customers achieve digital transformation goals, bringing high-quality cloud computing solutions to a broader market.

Li Auto Launches Limited-Time Purchase Discount Policy for L Series

On February 28th, Li Auto launched a limited-time purchase discount policy for the L series. From February 28, 2025, to March 31, 2025 (inclusive), customers who order the Li L series can save up to 38,000 yuan, with the final payment reduced by up to 16,000 yuan, and the three-year interest-free financial plan saving up to 22,000 yuan in interest. Earlier today, Li Auto's Vice President Liu Jie revealed that the Li L series and Li MEGA will not have a 2025 model and will be based on the current models to launch the "Intelligent Driving Upgrade Edition" in May, with the battery, electric drive, exterior, and interior design remaining consistent with the current models.

Baidu's Wenxin Model 4.5 to Be Launched on March 16

On February 28th, Baidu announced that the Wenxin Model 4.5 will be officially launched on March 16. According to Baidu, the latest version not only has substantial improvements in basic model capabilities but also possesses native multimodal and deep thinking abilities.

Number of Visa-Free Foreign Visitors to China to Double in 2024

The National Bureau of Statistics released the 2024 Statistical Bulletin of National Economic and Social Development on February 28th, showing that in 2024, the number of foreign visitors entering China visa-free reached 20.12 million, an increase of 112.3%. The bulletin also indicates that in 2024, there were 132 million inbound tourists, an increase of 60.8%, including 26.94 million foreigners and 105 million compatriots from Hong Kong, Macau, and Taiwan. The total spending by inbound tourists reached $94.2 billion, an increase of 77.8%. Mainland residents made 146 million outbound trips, including 140 million for personal reasons, and 97.12 million to Hong Kong, Macau, and Taiwan.

JD Logistics and Shennong Group Establish Strategic Cooperation

On February 27th, JD Logistics and Fujian Shennong Holdings Group Co., Ltd. officially signed a strategic cooperation agreement. Both parties will fully leverage their respective strengths to carry out in-depth cooperation in areas such as supply chain efficiency optimization and resource integration, jointly creating a benchmark-level supply chain ecosystem for the food industry.

Huamei Holdings Visits Alibaba Group for Exchange

Recently, Lu Yuanfeng, member of the Party Committee and Vice General Manager of Hangzhou Newspaper Group, and Secretary of the Party Committee and Chairman of Huamei Holdings, led a team to visit Alibaba Group for an exchange. Relevant leaders from Huamei Holdings, including those from Hangzhou Net, Fengsheng Media, Urban Exhibition, Huamei Investment, and Hangzhou Cultural Property Exchange, participated. During the exchange meeting, heads of Alibaba Group's Public Affairs Department and Alibaba Cloud's Intelligent Cultural Media Industry introduced Alibaba's current industrial ecosystem development and cutting-edge technology layout. Both parties focused on technology empowering cultural industry innovation and development