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Chinese Concept Stocks | JD.com Takes Lead in Home Credit Restructuring, Alibaba Falls 2.31%

Market BriefFriday, Dec 20, 2024 5:31 pm ET
3min read

On December 20th (Friday), Eastern Time, all three major U.S. stock indices rose by more than 1%. The S&P 500 Index increased by 1.09% to 5930.85 points; the Dow Jones Index rose by 1.18% to 42840.26 points; and the Nasdaq Index gained 1.03% to 19572.60 points.

On December 19th, the Nasdaq Golden Dragon China Index fell by 0.06%.

As for popular Chinese stocks, NIO rose by 2.84%, TSMC increased by 1.28%, NetEase increased by 0.31%, Baidu rose by 0.26%, Alibaba fell by 2.31%, Pinduoduo decreased by 1.48%, JD.com dropped by 0.75%, Bilibili fell by 0.71%, and XPeng Motors decreased by 0.59%.

Among the Chinese stocks that have been rising consecutively, LiXiang Education rose by 16.26% over 6 days with a cumulative increase of 96.67%. Feitian Zhaoye rose by 1.46% over 5 days with a cumulative increase of 4.25%. Qiji Automotive increased by 2.85% over 5 days with a cumulative increase of 7.89%. Li Auto rose by 0.90% over 4 days with a cumulative increase of 8.07%. Interstellar Fashion increased by 7.13% over 4 days with a cumulative increase of 23.21%.

Among the Chinese stocks that have been falling consecutively, Luobei fell by 1.07% over 8 days with a cumulative decrease of 22.92%. HaiTian Network decreased by 0.38% over 7 days with a cumulative decrease of 13.00%. TongCheng TongMei fell by 5.39% over 7 days with a cumulative decrease of 15.75%. ZhongJinKe decreased by 1.60% over 6 days with a cumulative decrease of 40.65%. Quantum Song fell by 1.03% over 6 days with a cumulative decrease of 30.69%. ZhiBao Technology decreased by 0.54% over 6 days with a cumulative decrease of 26.88%. American Green Planet fell by 3.08% over 6 days with a cumulative decrease of 16.98%.

JD Leads the Restructuring of Home Credit Consumer Finance, Adding a New Force to the Consumer Finance Industry
On December 20th, Bank of Tianjin announced on the Hong Kong Stock Exchange that it will join several companies, including Guangzhou Jingdong Trading Co., Ltd. and Online Banking (Beijing) Business Services Co., Ltd., in the restructuring of Home Credit Consumer Finance Co., Ltd. Notably, Guangzhou Jingdong Trading Co., Ltd. and Online Banking (Beijing) Business Services Co., Ltd. are both subsidiaries of JD Group, and together they will hold 65% of the shares in Home Credit Consumer Finance. JD Group responded that under the guidance of the Tianjin municipal government and regulatory authorities, they will participate in the restructuring of Home Credit Consumer Finance Co., Ltd. together with China Foreign Economy and Trade Trust Co., Ltd., Tianjin Economic-Technological Development Area State-Owned Assets Management Co., Ltd., Bank of Tianjin Co., Ltd., and Home Credit N.V, creating a better consumer experience.

YTO Express Establishes Supply Chain Management Company in Yiwu with a Registered Capital of 250 Million Yuan
According to the Tianyancha App, on December 13th, Yiwu Xiangrui Supply Chain Management Co., Ltd. was established, with Zheng Chengbao as the legal representative and a registered capital of 250 million yuan. Its business scope includes supply chain management services, enterprise management, domestic freight transport agency, machinery and equipment leasing, computer system services, and general cargo storage services. Shareholder information shows that the company is wholly owned by ZTO Express-W.

The Delivery Cycle for XPeng P7+ Models Shortened to 5-8 Weeks
Wu Anfei, head of R&D for XPeng Motors' P/G series, stated on Weibo that, after three production increases, the delivery cycle for XPeng P7+ has been shortened to 5-8 weeks, a reduction of more than 3 weeks compared to when it was first launched. Some P7+ owners who had initially placed orders and were supposed to receive their cars after the Spring Festival can now expect delivery before the festival.

Fliggy: Domestic Car Rental Orders Increased by About 80% Year-on-Year, with Young People as the Main Consumers
The "2024 Car Rental and Self-Driving Travel Report" released by the online travel platform Fliggy on the 20th shows that domestic car rental orders in 2024 have increased by about 80% compared to the previous year, with per capita car rental consumption up by about 30% year-on-year. The National Day holiday achieved the peak booking volume for car rentals this year, with other popular rental periods including the Labor Day holiday, summer vacation, and Spring Festival holiday. Additionally, young people are the main consumers of domestic car rentals. According to Fliggy's data, in 2024, orders for car rentals and self-driving tours from the "post-90s" and "post-00s" generations accounted for nearly 60%, with orders from the "post-00s" generation increasing by 2 percentage points compared to last year. Notably, as newcomers to self-driving tours, the "post-05s" generation saw a nearly five-fold increase in rental orders year-on-year.

Trip.com: 2025 Spring Festival Travel Outbound Search Index Increased by 51% Year-on-Year
According to data from Trip.com, the overall popularity of the 2025 Spring Festival travel season is higher than in 2024. During the Spring Festival, the domestic search index increased by 15% year-on-year, with Yunnan and Hainan accounting for 19% of the popular search destinations, and the three northeastern provinces (Heilongjiang, Jilin, Liaoning) accounting for 18%. The outbound search index increased by 51% year-on-year, with Japan, South Korea, and Southeast Asia remaining popular outbound destinations, showing significant growth. Japan and South Korea more than doubled, while Southeast Asia increased by 47%. Additionally, the Middle East, Africa, and Latin America all saw increases exceeding 50%.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.