Chinese Concept Stocks | Nasdaq China Golden Dragon Index Falls Amid Mixed Performance of Key Stocks

On September 18th (Thursday) Eastern Time, the three major U.S. stock indices collectively closed higher. The S&P 500 Index rose 0.48% to 6631.96 points; the Dow Jones Index increased 0.27% to 46142.42 points; and the Nasdaq Index climbed 0.94% to 22470.73 points.

On September 18th, the Nasdaq Golden Dragon China Index fell by 1.79%.

Regarding popular Chinese stocks, Taiwan Semiconductor Manufacturing Company rose 2.20%, JD.com increased 0.40%, NetEase fell 4.04%, Bilibili dropped 3.36%, Alibaba decreased 2.23%, Baidu declined 1.87%, XPeng Motors went down 1.44%, Pinduoduo fell 1.41%, and NIO decreased 1.14%.

Consecutive Rising Chinese Stocks: Hongli Steel Structure rose 6.93% with an 8-day consecutive increase, experiencing a cumulative rise of 63.39%; Weimei Holdings increased 8.94% with a 7-day consecutive rise, totaling a gain of 6.35%; 21Vianet Group rose 1.02% over 6 consecutive days, with a cumulative increase of 25.47%; HuHu Technology climbed 3.49% over a 6-day period, totaling a rise of 38.20%; MicroAlgo increased 5.76% over 6 consecutive days, experiencing a cumulative growth of 44.68%.

Consecutive Falling Chinese Stocks: Kaixin Auto Holdings fell 6.56% over 6 consecutive days, with a cumulative decrease of 24.58%; Futu Holdings decreased 0.59% over 5 consecutive days, totaling a decline of 6.55%; Yuhong Sunshine fell 6.45% over a 5-day period, with a total decrease of 29.55%; Zhongjin Medical declined 2.73% over 5 consecutive days, totaling a drop of 14.93%; Aurora Mobile decreased 0.32% over 5 consecutive days, experiencing a decline of 7.19%; Meitu Technology fell 10.53% over a 5-day period, with a cumulative drop of 23.98%.

Baidu's PaddleOCR Cumulative Downloads Exceed 9 Million
Recently, Baidu introduced its latest lightweight text recognition model PP-OCRv5 through its official overseas account. This model has only 0.07 billion parameters and achieves OCR accuracy comparable to large models with 70 billion parameters using just one-thousandth of the parameter count. Since its open-source release in 2020, PaddleOCR's cumulative downloads have exceeded 9 million, and it has been directly or indirectly used by over 5.9k open-source projects. It is the only Chinese OCR project on GitHub with over 50k stars.

Silicon-based Flow Launches Ant Group Ling-flash-2 Model
The Silicon-based Flow large model service platform has launched the Ling-flash-2 model from the Bailing team of Ant Group. The Ling-flash-2 model supports a maximum context length of 128K, with pricing set at 1 yuan per million tokens for input and 4 yuan per million tokens for output.

Sunwoda EV Energy Signs Memorandum of Cooperation with Li Auto
Sunwoda EV Energy Technology Co., Ltd. has officially signed a Memorandum of Cooperation with Beijing Rockwells Technology Co., Ltd. on the Starlink OS. Starlink OS is a full-vehicle operating system project initiated and open-sourced by Li Auto. Through this collaboration, Sunwoda EV Energy will become an initial member of the Starlink OS Steering Committee.