Chinese Concept Stocks | JD Trims Stake in Yonghui; Alibaba Repurchases Shares

On July 2nd (Wednesday), Eastern Time, the three major U.S. stock indexes showed mixed results, with the S&P 500 index rising by 0.47% to close at 6227.42 points; the Dow Jones index falling by 0.02% to close at 44484.42 points; and the Nasdaq index rising by 0.94% to close at 20393.13 points.

On July 2nd, the Nasdaq China Golden Dragon Index increased by 0.06%.

Regarding popular Chinese concept stocks, Taiwan Semiconductor Manufacturing Company (TSMC) rose by 4.02%, XPeng Motors rose by 0.66%, Baidu rose by 0.47%, Alibaba fell by 2.83%, Bilibili fell by 2.34%, Pinduoduo fell by 1.44%, NetEase fell by 1.32%, NIO fell by 1.00%, and JD.com fell by 0.70%.

In terms of stocks with continuous gains, Puhua Bio rose by 9.28% over 13 consecutive days with an overall gain of 111.03% during this period. Melco Resorts & Entertainment rose by 4.59% over 10 consecutive days with an overall gain of 34.24%. Yum China rose by 0.59% over 9 consecutive days with an overall gain of 7.46%. Daqo New Energy rose by 15.75% over 8 consecutive days with an overall gain of 27.50%. BIT Mining rose by 6.67% over 7 consecutive days with an overall gain of 18.52%.

Regarding stocks with continuous losses, Li Auto fell by 2.57% over 6 consecutive days with an overall loss of 8.38% during this period. New Oriental fell by 3.88% over 6 consecutive days with an overall loss of 7.17%. Qihoo Technology fell by 0.58% over 6 consecutive days with an overall loss of 6.68%. Bomei Group fell by 5.43% over 5 consecutive days with an overall loss of 24.92%. Lexin fell by 0.99% over 5 consecutive days with an overall loss of 9.00%. Li Bang Kitchenware fell by 0.68% over 5 consecutive days with an overall loss of 13.69%. Austin Technology fell by 0.61% over 5 consecutive days with an overall loss of 98.56%.

Yonghui Superstores: JD World Trade reduced its stake in the company by 1.2567%. Yonghui Superstores announced that shareholder JD World Trade plans to reduce its stake by no more than 266 million shares, which is no more than 2.94% of the total company shares, due to its own funding needs. The reduction will take place within three months starting 15 trading days after the disclosure date of March 12, 2025. Recently, the company received a notice from JD World Trade, stating that during the reduction period, JD World Trade reduced a total of 114 million shares through centralized bidding and bulk trading methods, accounting for 1.2567% of the company's current total share capital. The reduction price range was 4.32-6.39 yuan per share, with a total reduction amount of 604 million yuan. After the reduction, JD World Trade holds 152 million shares, with a holding ratio of 1.6791%.

GDS Holdings: C-REIT's initial public offering price is set at 3 yuan per share. GDS Holdings announced that the final offering price for the initial public offering (IPO) of the Southern GDS Data Center Closed Infrastructure Securities Investment Fund (C-REIT) on the Shanghai Stock Exchange is set at 3 yuan per share. C-REIT will issue a total of 800 million shares, equivalent to 100% of the issued shares after the IPO is completed. The total proceeds from the IPO will be 2.4 billion yuan. Based on the final offering price, the implied EV/EBITDA is 16.9 times, and the implied dividend yield per share is 5.2%. GDS Holdings will sell 100% equity in a project company holding stable data center assets with a total enterprise value of about 2.319 billion yuan to C-REIT. After the sale, GDS Holdings will receive net cash proceeds of about 2.111 billion yuan. GDS Holdings will reinvest 480 million yuan to subscribe to 20% of the shares issued in the IPO.

JD.com launched two AI social products "Pet TA" and "Chat Universe". There are two AI social products in the JD.com App named "Pet TA" and "Chat Universe". Users can search for these names in the JD.com App to access the product service interface. "Pet TA" is an AI community product centered around pets, creating product playability through dressing up and pet digital humans. "Chat Universe" is an AI dialogue product that provides users with a 24/7 psychological companionship service by identifying user emotions, recording emotions, creating emotion calendars, and offering stress-relief games. Users can search for "Pet TA" in the JD.com App to access the product interface. Unlike regular social products, the chat objects are smart entities with pet or pet digital human images.

Alibaba: repurchased 700,300 shares on July 1st at the New York Stock Exchange. Alibaba announced that on July 1, 2025, it repurchased 700,300 shares at the New York Stock Exchange, with a repurchase price ranging from $14.14 to $14.35 per share, totaling $9,972,800. As of July 31, 2025, the cumulative number of shares repurchased totals 1,408,300 shares, with a cumulative total price of $19,939,600.

MINISO MINISO LAND Global No. 1 store sales exceeded 100 million, with IP products contributing nearly 80% of performance. MINISO's Global No. 1 store located on East Nanjing Road in Shanghai achieved sales exceeding 100 million within 9 months since opening, with IP series products contributing 79.6% of sales.

Tmall and Shanzi High-tech reached a strategic cooperation. On July 2, Tmall and Shanzi High-tech signed a strategic cooperation agreement in Hangzhou. The two parties will explore a new retail model for customized smart cars based on Tmall's digital capabilities of the New Product Innovation Center and Shanzi High-tech's automotive full industry chain advantage. The first cooperative project V17 customized model has entered the prototype testing stage.

TSMC may stop GaN production and shift to advanced packaging. TSMC is reportedly focusing on high-growth markets and has recently reduced resources in mature processes, showing intentions to exit the GaN market. GaN products at Fab 5 will only be supplied until July 1, 2027, after which it will be used for advanced packaging.

Baidu released its self-developed video generation model MuseSteamer, with the Turbo version now available for free trial. At the Baidu AIDAY Technology Open Day event today, Baidu's commercial R&D team released the self-developed video generation model MuseSteamer and the video product platform "Hui Xiang". This product, developed by Baidu's commercial R&D team, aims to create video generation solutions using generative AI and multimodal technology, supporting native content production needs in search and advertising scenarios.

Baidu released its self-developed video generation model MuseSteamer. On July 2nd, at the Baidu AIDAY Technology Open Day event, Baidu's commercial R&D team officially released the self-developed video generation model MuseSteamer and the video product platform "Hui Xiang".

Baidu launched a large model for image-generated video, joining the AI video generation competition. Baidu launched its first large model for image-generated video, entering the competition in the AI video generation field. Baidu executives stated at a release event in Beijing on Wednesday that the MuseSteamer model serves professional video content creators, including advertisers, and its pricing will be lower than competitors.

The world's first L3-level AI-powered car, XPeng G7, is about to be officially released. On July 3, the new energy vehicle XPeng G7 equipped with three "China chips" will be officially released and launched in Beijing. XPeng G7 boasts over 2200 TOPS effective computing power, bringing the car's computing power to L3 level. It uses industry-leading efficiency ratios to unleash extreme computing power. Additionally, it will simultaneously drive the future, appearing in the nimble joints of robots and the trajectory of flying cars. As data becomes the new oil of the era, computing power is the engine for extraction. In the era where a global supply chain is within reach, XPeng chooses a more challenging path, investing billions over five years to forge a "China chip"—the Turing AI chip, giving Chinese smart cars the highest computing power "brain". As computing power awakens and intelligence evolves, Chinese cars transition from "manufacturing powerhouse" to "smart manufacturing powerhouse", with XPeng G7 shaping future travel with AI.

Alibaba Cloud will establish its first AI Global Capability Center and add data centers in Malaysia and the Philippines. Alibaba Cloud will add data centers in Malaysia and the Philippines, expanding its global infrastructure layout to 29 regions and 90 availability zones. Malaysia's third availability zone officially launched on July 1st, while the Philippines' second availability zone is scheduled to launch in October this year, further meeting overseas cloud computing and AI demand. Additionally, Alibaba Cloud will establish its first AI Global Capability Center, planning to collaborate with over 1,000 companies to create more than 10 industry AI demonstration projects, and cooperate with over 120 universities worldwide to train 100,000 AI talents annually.

Huaren Express Cloud Computing Company and legal representative Ding Lei face consumption restrictions. Tianyancha's risk information shows that recently, due to failure to perform the payment obligations determined by an effective legal document within the specified period, Huaren Express (Shanghai) Cloud Computing Technology Co., Ltd. and its legal representative Ding Lei have been restricted from high consumption related to an execution application by Shanghai Housing Fund Management Center. Case flow information shows that in April this year, Huaren Express (Shanghai) Cloud Computing Technology Co., Ltd. was executed for 2,293 yuan due to this case.

Promoting consumption against internal competition, Taobao Flash Sale subsidizes users and merchants with 50 billion yuan. On July 2, Taobao Flash Sale announced the launch of a subsidy plan totaling 50 billion yuan, which will directly subsidize consumers and merchants 50 billion over 12 months through large red envelopes, free order cards, official subsidy fixed-price products, and other means to provide consumers with favorable, convenient services and experiences, further stimulating consumption vitality. At the same time, it will launch store subsidies, product subsidies, delivery subsidies, commission-free and reduced commission measures to promote merchant business growth, construct an efficient and collaborative large consumption platform through technological and business model innovation, and use huge traffic to support offline businesses and services. Within two months of launch, Taobao Flash Sale and Ele.me's daily orders have exceeded 60 million.