Chinese Concept Stocks | JD and XPeng Surge as Nasdaq Golden Dragon Index Rises

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On February 26 (Wednesday) Eastern Standard Time, the three major U.S. stock indices showed mixed performance. The S&P 500 index rose by 0.01% to 5956.06 points; the Dow Jones index fell by 0.43% to 43433.12 points; and the Nasdaq index increased by 0.26% to 19075.26 points.

On February 25, the Nasdaq Golden Dragon China Index rose by 0.58%.

Among popular Chinese concept stocks, JD.com rose by 6.14%, Alibaba increased by 3.81%, TSMC gained 2.79%, XPeng rose by 14.95%, NIO increased by 10.54%, NetEase went up by 1.67%, Pinduoduo rose by 0.50%, Baidu increased by 0.16%, and Bilibili fell by 0.56%.

The Chinese concept stocks that continued to rise include Yao Pharm with a latest increase of 1.54% for 8 consecutive days, with a cumulative increase of 16.04%. Taihecheng Medical rose by 3.93% for 5 consecutive days, with a cumulative increase of 20.87%. Ucommune increased by 0.83% for 5 consecutive days, with a cumulative increase of 7.30%. ECARX rose by 8.37% for 4 consecutive days, with a cumulative increase of 19.49%. GD Culture Group increased by 6.56% for 4 consecutive days, with a cumulative increase of 78.90%. Tuanche rose by 11.40% for 4 consecutive days, with a cumulative increase of 23.32%.

The Chinese concept stocks that continued to decline include Cango with a latest decrease of 2.87% for 11 consecutive days, with a cumulative decrease of 35.12%. Inlife fell by 2.00% for 7 consecutive days, with a cumulative decrease of 88.00%. GreenTree Hotels decreased by 0.18% for 6 consecutive days, with a cumulative decrease of 9.21%. Bit Origin fell by 23.94% for 6 consecutive days, with a cumulative decrease of 50.88%. Baird Medical decreased by 1.49% for 5 consecutive days, with a cumulative decrease of 36.62%. Able View Global fell by 3.48% for 5 consecutive days, with a cumulative decrease of 18.68%. BTC Digital decreased by 0.77% for 5 consecutive days, with a cumulative decrease of 25.34%. Wangdao Technology fell by 1.89% for 5 consecutive days, with a cumulative decrease of 5.45%.

Alice Cloud Vice President Li Feifei: AI's Second Half is a "System War," Pre-training of Large Models Will Become "Oligopolistic"
On February 26, Li Feifei, Vice President of Alibaba Cloud Intelligent Group and head of the database product division, shared his views on DeepSeek's recent open-source weekly release at the 2025 Alibaba Cloud PolarDB Developer Conference. He pointed out that with the popularity of DeepSeek, a trend is emerging where the competition in the second half of AI is returning to the traditional system domain, involving distributed system engineering. Li Feifei stated that any system evolution inevitably follows this trend. He also predicted that in the future, the pre-training of large models will definitely be centralized and oligopolistic, with only a few companies worldwide involved. Especially since no company has yet achieved a closed-loop business model for large models globally, it remains a money-burning black hole unless it crosses the AGI threshold to become a "printing machine." However, the emergence of DeepSeek has endowed open-source models with complex logical reasoning capabilities, drastically reducing inference costs. Currently, Alibaba Cloud is optimizing its heterogeneous resource pool combining GPU and CPU, and the key future capability in database development is to save expensive GPUs for the most valuable computations and caching, while pushing secondary computations and caching to a three-tier pool of CPU, memory, and storage, making online inference more cost-effective.

Xianggong Cultural Tourism Signs Cooperation Agreement with XPeng Huitian to Create New Ecosystem for Low-Altitude Economy
According to Xianggong Cultural Tourism's official WeChat message on February 26, Xianggong Cultural Tourism and Asia's largest flying car company XPeng Huitian officially signed a cooperation agreement. Both parties will leverage flying car/eVTOL technology to develop deep cooperation in low-altitude cultural tourism scenarios and comprehensive business model operations, jointly exploring innovative paths for integrating low-altitude economy with cultural tourism industry. This cooperation marks a further deepening of Xianggong Cultural Tourism's strategic involvement in the "low-altitude + cultural tourism" race, aiming to create a new ecosystem for the low-altitude economy and lead industry development.

BYD's "Eye of the God" Technology Equipped with Baidu Maps on Some Models
On February 26, according to Baidu Maps Open Platform, Baidu Maps, as a partner in BYD's "Eye of the God" technology matrix, provides DiLink navigation maps for some BYD models.

BJSE Responds to Departure of Former Greater China CFO: Recruitment for Successor to Start Soon
On February 26, media reported that BJSE's Greater China Chief Financial Officer (CFO) and Global Technical Operations Finance Leader Eric Huang had resigned. Public information shows that before joining BJSE, Eric Huang worked at Novartis from 2007 to 2020. On the afternoon of February 26, BJSE confirmed to reporters that Eric Huang had indeed recently left to seek external development opportunities. The company will start the recruitment process for his successor as soon as possible.

Li Xiang: Confident in Ideal AD Max V13 Compared to Tesla FSD V13
On the afternoon of February 26, Li Xiang, CEO of Ideal Auto, posted on Weibo stating that everyone is welcome to compare Ideal Auto with Tesla FSD anywhere in the country. "The newly upgraded AD training model based on 10 million Clips will be fully rolled out tomorrow. I am confident in Ideal AD Max V13 compared to Tesla FSD V13!" "Our AD team also looks forward to working with Tesla's FSD team to advance the smart electric vehicle industry," "By the way, stop asking me which is safer, Ideal AD Max or Tesla FSD, I can't answer that, and it's not important."

Dahua Technology: Cooperating with Alibaba on Smart City and Cloud Business
Dahua Technology stated on its interaction platform that the company is cooperating with Alibaba on smart city and cloud business.

Sources Close to Oriental Selection: Yu Minhong Says Oriental Selection May Cooperate with Fat Donglai
On February 26, it was reported that Fat Donglai founder Yu Donglai, New Oriental founder Yu Minhong, and Wumart Group founder Zhang Wenzhong appeared at Fat Donglai Angel City in Xuchang on the night of February 25 to inspect business formats. Yu Minhong stated that there might be cooperation between Oriental Selection and Fat Donglai in the future, aiming to match the quality of Oriental Selection's products with Fat Donglai's. A source close to Oriental Selection responded that Yu Minhong did indeed mention the possibility of cooperation with Fat Donglai during an interview with local media in Henan on February 25. A representative from Fat Donglai stated that they have not received any related notifications, and whether there is cooperation remains to be verified further, subject to official disclosure.

JD Cloud Releases Eight Leading Intelligent Computing Products to Help Enterprises Quickly Utilize Large Models
Today, the JD Cloud City Conference was held in Shenzhen. At the conference, JD Cloud released eight extremely cost-effective intelligent computing products and five comprehensive large model deployment modes, while also launching a "development training + scenario application" dual-engine one-stop platform to help enterprises achieve quick utilization of large models like DeepSeek, deep development, and application of intelligent agents, fully bridging the gap from model landing to industrial intelligent upgrading.

Eric Huang, CFO of BJSE's Greater China Region, Has Resigned
On February 26, sources close to BJSE revealed that Eric Huang, the Greater China Chief Financial Officer and Global Technical Operations Finance Leader, had resigned. Before joining BJSE, Eric Huang worked at Novartis from 2007 to 2020. Currently, BJSE's global CFO is Aaron Rosenberg.

Yu Minhong Appears in Xuchang and Says Oriental Selection May Cooperate with Fat Donglai
On the evening of February 25, Fat Donglai founder Yu Donglai, New Oriental founder Yu Minhong, and Wumart Group founder Zhang Wenzhong appeared together at Fat Donglai Angel City in Xuchang to inspect business formats. Online videos show the three dressed casually, walking and chatting in the supermarket's food, gift, and beverage sections. When asked by reporters from Dahe Finance Cube about the possibility of future cooperation between Oriental Selection and Fat Donglai, Yu Minhong said "it's possible." He also emphasized the need to align the quality of Oriental Selection's products with Fat Donglai's.

Former XPeng Robotics Motion Control Head Joins NVIDIA
Former XPeng Robotics Motion Control Head Da Xingye resigned after the Lunar New Year and officially joined NVIDIA. It is reported that the position at XPeng is temporarily filled by other personnel, and a suitable candidate is being sought.

Alipay Partners with American Express to Support Global Users in China Using Alipay for Card Transactions
On February 25, Alipay and American Express announced a new partnership to support qualified American Express card users globally in making card transactions via Alipay within China. With this, Alipay's "foreign card binding" service for incoming tourists now supports seven major international bank cards, effectively covering the world's mainstream bank card brands. This facilitates convenient consumption for more international travelers in China and creates more cross-border business opportunities for local merchants, especially small and medium-sized businesses.

Alibaba Cloud Announces PolarDB Reaches Top of Global Database Performance and Cost-Effectiveness Rankings
At the 2025 Alibaba Cloud PolarDB Developer Conference, Alibaba Cloud announced that PolarDB has reached the top of the global database performance and cost-effectiveness rankings, becoming the world's number one. According to the Transaction Processing Performance Council (TPC) website, Alibaba Cloud's PolarDB cloud-native database broke the previous record by 2.5 times, topping the TPC-C benchmark test rankings with 20.55 billion transactions per minute (tpmC) and a unit cost of 0.8 RMB (price/tpmC), setting a new world record in both TPC-C performance and cost-effectiveness. This record indicates that PolarDB's innovative cloud-native architecture not only overcomes the scalability bottleneck of single clusters but also withstands the world's largest concurrent transaction peak, leading globally in performance, scalability, and other dimensions.

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