Chinese Concept Stocks | Li Auto's i6 Receives Over 20,000 Orders as Test Drives Extend Late; Alibaba Sees Major Shareholding Increase by JPMorgan

On September 26th, Eastern Time (Friday), all three major U.S. stock indices closed higher. The S&P 500 index rose by 0.59% to 6,643.70 points, the Dow Jones index increased by 0.65% to 46,247.29 points, and the Nasdaq index went up by 0.44% to 22,484.07 points.

On September 26th, the Nasdaq Golden Dragon China Index fell by 1.56%.

Regarding popular Chinese concept stocks, XPeng Motors rose by 2.43%, NIO fell by 6.02%, Bilibili dropped by 4.57%, Baidu declined by 3.00%, NetEase decreased by 2.17%, Alibaba went down by 2.04%, JD.com fell by 1.91%, TSMC dropped by 1.17%, and Pinduoduo declined by 0.78%.

In terms of consecutive rising Chinese concept stocks, the latest fluctuation percentages and the number of consecutive rising days are as follows: Woda Technology at 1.82% for 7 days with a cumulative increase of 12.00%, Donis at 1.28% for 4 days with a cumulative increase of 4.32%, Zhengkang International at 2.07% for 4 days with a cumulative increase of 12.67%, Beike at 0.52% for 3 days with a cumulative increase of 3.84%, XPeng Motors at 2.43% for 3 days with a cumulative increase of 7.55%, ZTO Express at 0.36% for 3 days with a cumulative increase of 4.27%, TAL Education at 0.09% for 3 days with a cumulative increase of 3.80%, Haidilao at 0.72% for 3 days with a cumulative increase of 1.11%, Shenfanlian at 22.39% for 3 days with a cumulative increase of 38.51%, Zhongzhi Cefu at 1.53% for 3 days with a cumulative decrease of 5.27%, Weimei Holdings at 2.65% for 3 days with a cumulative decrease of 1.69%, and Nature Medicine at 2.07% for 3 days with a cumulative increase of 6.99%.

For consecutive declining Chinese concept stocks, the latest fluctuation percentages and the number of consecutive declining days are as follows: Zhengye Bio at -38.67% for 9 days with a cumulative decrease of 82.79%, Moving Financial at -0.45% for 9 days with a cumulative decrease of 19.50%, Hutchison Medipharma at -0.95% for 7 days with a cumulative decrease of 10.53%, Kooc Music at -37.29% for 7 days with a cumulative decrease of 53.46%, Yimutian at -11.17% for 6 days with a cumulative decrease of 23.58%, Smart Chain Group at -4.62% for 6 days with a cumulative decrease of 12.70%, GD Culture Group at -4.43% for 6 days with a cumulative decrease of 39.95%, and Mogujie at -1.72% for 6 days with a cumulative decrease of 22.80%.

Li Auto's i6 model has received over 20,000 orders since its launch this afternoon. According to Li Auto's sales policy, consumers can modify configurations or request refunds within 7 days after paying the deposit; after 7 days, the deposit is non-refundable. Li Auto has prepared for the high attention following the launch. Prior to the press conference, display cars for the Li Auto i6 had already arrived at offline stores nationwide, and test drives began immediately after the conference. A sales representative in Shenzhen estimated that test drive activities might continue until 11 PM to 12 midnight.

Baidu's Apollo Go is in talks with governments in parts of Australia and Southeast Asia to explore bringing autonomous taxis to these markets. Baidu has received 50 new pilot licenses in Dubai this week, doubling its autonomous vehicle fleet in the UAE to about 100 vehicles.

On September 22nd, JPMorgan Chase increased its stake in Alibaba-W from 6.81% to 12.29%, with an average share price of HKD 159.2641.

Zhejiang Silicon-based Ark Robotics Co., Ltd. and Alibaba Cloud Computing Co., Ltd. have signed a comprehensive cooperation agreement during the Cloud Summit. They will collaborate deeply on full-stack AI and embodied intelligence technology, leveraging Silicon-based Ark's experience in entertainment, tourism, sports, and commerce, and Alibaba Cloud's technical advantages in cloud computing and large models, to jointly develop an embodied intelligent solution that integrates cloud, edge, and end, promoting large-scale application of AI in physical scenarios.

Guangzhou XPeng Motors Technology Co., Ltd. recently announced a patent for a humanoid robot. The humanoid robot includes a robot body, a robotic arm with a connecting bracket and arm body, and a robotic arm driving structure. The connecting bracket is movably installed on the robot body, allowing the robotic arm to move relative to the robot body, increasing its flexibility and improving the humanoid robot's anthropomorphic effect.

On the morning of September 26th, Alibaba announced the voting results of its 2025 annual shareholders' meeting at the Hong Kong Stock Exchange. The meeting approved the appointment of PwC Zhong Tian LLP and PwC as the company's independent registered public accounting firms in the U.S. and Hong Kong, respectively, until the conclusion of the company's next annual shareholders' meeting, with fees determined by the board.

Alibaba announced at the Hong Kong Stock Exchange that the board has been granted a general mandate to issue, allot, and otherwise deal with additional shares not exceeding 10% of the company's issued ordinary share capital as of the date of the resolution's passage. The discount on any ordinary shares issued and allotted under this mandate shall not exceed 10% of the benchmark price.