Chinese Concept Stocks | Nasdaq China Golden Dragon Index Falls 5.05% as Major Chinese Stocks Decline

On April 8th, Eastern Time (Tuesday), the three major U.S. stock indexes closed down collectively. The S&P 500 index fell by 1.57% to 4982.77 points; the Dow Jones index fell by 0.84% to 37645.59 points; and the Nasdaq index fell by 2.15% to 15267.91 points.

On April 8th, the Nasdaq Golden Dragon China Index dropped by 5.05%.

In terms of popular Chinese stocks, XPeng Motors fell by 7.44%, NIO fell by 6.70%, Alibaba fell by 6.26%, Pinduoduo fell by 6.03%, Bilibili fell by 4.74%, Baidu fell by 3.64%, Taiwan Semiconductor Manufacturing Company (TSMC) fell by 3.33%, JD.com fell by 2.65%, and NetEase fell by 1.06%.

Among the continuously rising Chinese stocks, Wangban Technology rose by 5.87% over 7 consecutive days, with a cumulative increase of 40.82% during the period. Zhongchi Chafu rose by 9.75% over 3 consecutive days, with a slight decrease of 0.18% during the period. Lixiang Education rose by 4.00% over 3 consecutive days, with an increase of 24.58% during the period. Ata Creativity rose by 1.25% over 3 consecutive days, with an increase of 7.45% during the period.

Among the continuously falling Chinese stocks, Burning Rock Biotech fell by 2.06% over 13 consecutive days, with a cumulative decrease of 38.19% during the period. ECARX Technologies fell by 0.81% over 10 consecutive days, with a cumulative decrease of 65.44% during the period. Vipshop fell by 5.22% over 8 consecutive days, with a cumulative decrease of 22.97% during the period. Kanzhun (BOSS Zhipin) fell by 6.35% over 8 consecutive days, with a cumulative decrease of 29.46% during the period. Douyu fell by 2.42% over 8 consecutive days, with a cumulative decrease of 24.91% during the period. Shuhai Information fell by 2.14% over 8 consecutive days, with a cumulative decrease of 23.43% during the period.

Lingyun Co., Ltd.: Controlling shareholder Lingyun Group plans to increase its shareholding by 80 million to 100 million yuan
Lingyun Co., Ltd. announced that its controlling shareholder, Lingyun Group, plans to increase its shareholding in the company through centralized bidding via the Shanghai Stock Exchange system within six months. The amount of increase will be no less than 80 million yuan and no more than 100 million yuan, with the number of shares not exceeding 2% of the company's total share capital. Lingyun Group currently holds 31.38% of the company's shares, and the increase price will not exceed 19 yuan per share. The funds for the increase will come from its own funds and self-raised funds.

Hesai Technology and Leapmotor deepen cooperation with an announcement of 200,000 lidar orders
On April 7th, Leapmotor and Hesai Technology formally reached a deepened strategic cooperation at Leapmotor's headquarters. Subsequently, Leapmotor plans to purchase approximately 200,000 units of Hesai's ATX lidar, covering multiple mass-produced models starting from 2025. As the exclusive lidar supplier for Leapmotor, Hesai will provide advanced perception technology support, marking a new phase in their strategic cooperation in the field of intelligent driving.

Highest freedom globally, purchased by Peking University and Tsinghua University, this commercial dexterous hand company secures over 100 million in seed financing
This company, known for its commercial dexterous hands with the highest freedom globally and purchases by Peking University and Tsinghua University, has secured over 100 million in seed financing.