Chinese Concept Stocks | Nasdaq China Golden Dragon Index Falls 1.54% Amid Broad Sector Decline

On December 30th, Eastern Time (Monday), the three major U.S. stock indices closed down collectively. The S&P 500 index fell by 1.07%, closing at 5,906.94 points; the Dow Jones index dropped by 0.97%, closing at 42,573.73 points; and the Nasdaq index declined by 1.19%, closing at 19,486.79 points.

On December 27th, the Nasdaq Golden Dragon China Index fell by 1.54%.

Among popular Chinese concept stocks, XPeng Motors fell by 6.06%, Pinduoduo dropped by 3.14%, Baidu decreased by 2.95%, NetEase declined by 2.44%, Bilibili fell by 2.34%, NIO dropped by 2.12%, JD.com decreased by 2.06%, Alibaba fell by 1.08%, and Taiwan Semiconductor Manufacturing Company (TSMC) dropped by 0.62%.

In terms of continually rising Chinese concept stocks, Jiayuda rose by 26.10% over eight consecutive days, with a cumulative increase of 92.16% during this period. Chengdao Tong Environmental Protection rose by 2.35% over seven consecutive days, with a cumulative increase of 15.65%. Taihecheng Medical rose by 11.55% over seven consecutive days, with a cumulative increase of 27.85%. Uxin rose by 1.07% over six consecutive days, with a cumulative increase of 25.13%. Tianmei Biological rose by 8.82% over six consecutive days, with a cumulative increase of 27.35%. Shanggao Life Sciences rose by 6.59% over six consecutive days, with a cumulative increase of 73.66%.

In terms of continually declining Chinese concept stocks, Paiming Core City fell by 6.37% over seven consecutive days, with a cumulative decrease of 19.34% during this period. MKDWELL Tech fell by 1.57% over six consecutive days, with a cumulative decrease of 25.51%. Dingdong Maicai fell by 4.52% over five consecutive days, with a cumulative decrease of 12.01%. 36Kr fell by 1.98% over five consecutive days, with a cumulative decrease of 16.81%. TSMC fell by 0.61% over four consecutive days, with a cumulative decrease of 3.36%. Pinduoduo fell by 3.14% over four consecutive days, with a cumulative decrease of 6.15%. Wenyan Zhixing fell by 2.46% over four consecutive days, with a cumulative decrease of 6.10%. New Melco Resorts & Entertainment fell by 4.76% over four consecutive days, with a cumulative decrease of 9.39%. Fulang Group fell by 1.01% over four consecutive days, with a cumulative decrease of 10.50%. Jiuzixin Energy fell by 2.70% over four consecutive days, with a cumulative decrease of 12.73%. Origin Agritech fell by 2.78% over four consecutive days, with a cumulative decrease of 6.04%. Bit Origin fell by 7.69% over four consecutive days, with a cumulative decrease of 11.58%. eJia Kuaifu fell by 4.51% over four consecutive days, with a cumulative decrease of 17.48%.

Fliggy released the "2024 Travel Hoarding Report," showing that as of now, the booking volume for 2024 "travel hoarding" products has increased by more than 20% year-on-year. The trend of "travel hoarding" is expanding among younger consumers, with the post-2000 generation growing the fastest. "Travel hoarding" refers to consumers pre-purchasing rights for single or multiple flights, hotel stays, theme park visits, etc., to be redeemed when they have confirmed travel dates and destinations.

Baidu has established a technology company in Wuxi with a registered capital of 10 million RMB, including business scopes such as AI software development.

Industry sources indicate that TSMC has completed the integration of CPO and advanced packaging technology, with plans to sample products next year.

JD Technology announced a 20-salary plan to be implemented by 2025, following a previous announcement of year-end bonuses and salary increases for over 20,000 customer service staff.

Xunlei will establish a global AI headquarters in the Yuhang District of Hangzhou, China.

Leju Robotics has officially launched its humanoid robot production line, marking a significant step in the industrialization of humanoid robots in Jiangsu Province.

Trip.com released the "2024 Rural Tourism Revitalization White Paper," noting a 71% year-on-year increase in rural inbound tourism orders.

Alipay launched the AI visual search product "Explore," enabling AI to identify plants, pets, and cultural artifacts via camera.

Hesai Technology's lidar deliveries surpassed 100,000 units in December, with plans for an annual production capacity exceeding 2 million units by 2025.

Yu Hui Tong Xing (Beijing) Technology Co., Ltd. has applied for the registration of several trademarks, including "Zhong Nan Yuan Tiao" and "Chang Ge You He," awaiting substantive examination.