Chinese Concept Stocks | JD.com Reports Record 618 Sales Despite Stock Decline

On June 18th (Wednesday), Eastern Standard Time, the three major U.S. stock indices showed fluctuating trends. The S&P 500 Index fell by 0.03% to 5980.87 points; the Dow Jones Index decreased by 0.10% to 42171.66 points; the Nasdaq Index rose by 0.13% to 19546.27 points.

On June 18th, the Nasdaq Golden Dragon China Index fell by 0.82%.

Among popular Chinese stocks, XPeng Motors rose by 0.35%, JD.com fell by 2.02%, Baidu decreased by 1.71%, Bilibili dropped by 1.70%, Alibaba fell by 1.34%, NetEase decreased by 0.73%, NIO dropped by 0.44%, Pinduoduo fell by 0.27%, and TSMC decreased by 0.17%.

Companies with consecutive increases include Eureka Acquisition with a recent change of 1.35%, rising for 6 consecutive days, with a cumulative increase of 1.45% over the period. Monster Charge increased by 0.01% for 5 consecutive days, with a cumulative rise of 3.71%. Puhe Bio rose by 9.72% for 4 consecutive days, with a cumulative increase of 27.47%. XChange increased by 0.01% for 4 consecutive days, with a cumulative rise of 1.51%. Deep Finlink rose by 9.48% for 4 consecutive days, with a cumulative increase of 29.90%. Caixing Technology increased by 2.32% for 4 consecutive days, with a cumulative rise of 4.68%. Haoxin Holdings rose by 5.00% for 4 consecutive days, with a cumulative increase of 12.75%. PINTEC increased by 1.78% for 4 consecutive days, with a cumulative rise of 2.92%.

Companies with consecutive declines include Cango with a recent change of -3.28%, falling for 8 consecutive days, with a cumulative decrease of -15.00% over the period. Abits Group dropped by -1.00% for 6 consecutive days, with a cumulative decrease of -13.07%. Senmiao Technology decreased by -12.21% for 6 consecutive days, with a cumulative drop of -79.31%. Huachen Technology fell by -4.76% for 5 consecutive days, with a cumulative decrease of -17.36%. Voker Medical dropped by -2.29% for 5 consecutive days, with a cumulative decrease of -15.28%. Santeng Technology decreased by -1.71% for 5 consecutive days, with a cumulative drop of -8.77%.

The U.S. Department of State released a joint statement regarding the peace talks between the Democratic Republic of Congo and Rwanda on June 18th. The statement noted that the technical teams from both countries drafted the text of the peace agreement on June 18th. After three days of constructive dialogue, both sides reached an agreement. The peace agreement includes provisions for respecting territorial integrity and prohibiting hostile actions, disengagement, and disarmament. It also includes conditional integration of non-state armed groups and the establishment of a joint security coordination mechanism. The peace agreement will be signed on June 27, 2025, with U.S. Secretary of State Rubio attending as a witness.

JD.com announced that as of 23:59 on June 18th, the number of users placing orders during the 618 shopping festival increased by over 100% year-on-year, with total orders exceeding 22 billion. The daily active users of the JD.com app reached a historical high, and the transaction amount from JD.com’s procurement and sales live streaming increased by 285% year-on-year.

Southern China’s first data center REIT project, the Southern China Data Center Closed Infrastructure Securities Investment Fund, received registration approval from the China Securities Regulatory Commission and a non-objection letter from the Shanghai Stock Exchange. The project's underlying asset is the Guojin Data Center located in Kunshan, Jiangsu Province, with a proposed fundraising scale of 1.933 billion yuan.

During the JD.com 618 Media Open Day on June 18th, JD.com Retail representatives stated that this year’s JD.com 618 used unprecedented subsidy intensity and multiple subsidy overlays to drive explosive sales growth across various categories. Sales in mobile communications, home appliances, and grain and oil seasonings increased by 88%, 161%, and 138% year-on-year, respectively. Among them, the transaction volume of mobile phones in the 4000 to 6000 price range increased by 50% year-on-year, AI notebook sales rose by 151%, 100-inch TV sales increased by 260%, and sales of the 999-yuan series of air conditioners in high-temperature regions increased by over 120% year-on-year.

Peng Gang, Vice President of JD Logistics and General Manager of the Middle East region, revealed today at the JD.com 618 Media Open Day that JD Logistics launched self-operated delivery services in the Middle East, establishing an integrated supply chain logistics system with overseas warehouses, transfer centers, and courier stations.

JD.com Group CEO Xu Ran stated in a media interview today that the monthly repurchase rate of high-frequency takeaway users in JD.com supermarkets has reached 67%. In terms of enhancing user stickiness, the takeaway business has significantly driven the growth of PLUS membership, with the repurchase rate of PLUS members being twice that of non-members.

According to Qichacha APP, recently, Infinite Qihang Haihe (Tianjin) Venture Capital Partnership (Limited Partnership) was established, with a contribution of approximately 140 million yuan. The business scope includes venture capital, equity investment, investment management, and asset management activities through private funds. Qichacha’s equity penetration shows that the company is jointly funded by Hangzhou Alibaba Venture Capital Co., Ltd., Haitian Ruisheng, and others.

On June 18th, JD.com’s takeaway-related representatives stated that they aim to build a sustainable business and change the “involution competition” in the takeaway industry, which affects merchants, riders, and consumers. JD takeaway adheres to low commission rates, with long-term commission rates not exceeding 5%, and plans to recruit 150,000 full-time riders by the end of this quarter. As of June 17th, there are already over 120,000 full-time riders.

On June 18th, Ele.me announced the nationwide launch of the “Yue Enjoy Membership,” offering several exclusive services and benefits. Official information indicates that Ele.me’s “Yue Enjoy Membership” is a newly launched membership system targeting high-frequency takeaway users, aiming to enhance user experience through more refined and personalized products and services.

On June 18th, AI Infra company SiliconBase reached a strategic cooperation with Alibaba Cloud, officially joining Alibaba Cloud’s “Blossom Plan” and entering the Alibaba Cloud Marketplace. Meanwhile, SiliconBase's large model inference platform, SiliconCloud’s core API services, will be fully integrated into Alibaba Cloud’s BaiLian platform, supported by Alibaba Cloud’s Lingjun Intelligent Computing Cluster, providing out-of-the-box large model services to cloud customers.

Alibaba Cloud launched a series of AI-related products at the Frankfurt node, covering computing, security compliance, and other capability modules to serve the rapidly growing AI application needs in the region. At the same time, Alibaba Cloud, in conjunction with Accenture and Cainiao, introduced intelligent solutions for the luxury retail and logistics industries, further strengthening its industry expansion and ecosystem collaboration in Europe.

Hou Yi, the founder of Freshippo, commented on Liu Qiangdong’s speech, stating that Meituan surpassing Tmall and JD.com in the fast-moving consumer goods category is only a matter of time. Hou Yi shared content from Liu’s recent small-scale sharing session on social media, expressing that Liu’s supply chain theory was indeed an innovative leading strategy in the internet era. However, in the era of mobile internet, the efficiency of self-operated and platform-based supply chains cannot compete with the efficiency and service of Meituan’s instant retail and its countless stores across the nation. Hou Yi also stated that when Freshippo was established 15 years ago, he believed standardized factory products could not compete with e-commerce, so he entered the fresh food market, which e-commerce could not do. But looking at Meituan's current business model, it can gather numerous small stores to negotiate resources and advertising with brands, offering prices lower than e-commerce. The offline market share for fast-moving consumer goods is much larger than e-commerce, and the nearby service experience is better, so Meituan’s instant retail surpassing Tmall and JD.com in the fast-moving consumer goods category is only a matter of time.

EHang Intelligent announced a deep cooperation with Gotion High-tech Co., Ltd. This collaboration is a strategic upgrade based on the power system framework agreement signed by both parties in December 2023. They will further focus on upgrading the power system of EHang Intelligent's flagship product, the EH216 series of autonomous electric vertical take-off and landing aircraft (eVTOL), and plan to deepen collaboration in future multi-model fields.

Baidu Preferred released data from Luo Yonghao’s digital person’s first live-streaming sales yesterday, with over 13 million viewers and a GMV exceeding 55 million yuan. Some product categories surpassed real-person live-streaming sales. Baidu e-commerce thereby launched two major plans: first, to multiply the number of Baidu Preferred super head anchors through traffic support, super head anchor digital person creation, and budget support; second, to add 100,000 digital person live-streaming anchors, invest 100 million yuan in digital person consumption subsidies, and provide millions in operational support to help ordinary people and small and medium enterprises start digital person live-streaming.