Chinese Concept Stocks | Nasdaq China Golden Dragon Index Rises as Baidu and JD.com Lead Gains

On June 2nd (Monday), Eastern Time, major U.S. stock indices closed higher collectively. The S&P 500 index rose by 0.41%, reporting at 5935.94 points; the Dow Jones index increased by 0.08%, reporting at 42305.48 points; and the Nasdaq index went up by 0.67%, reporting at 19242.61 points.

On June 2nd, the Nasdaq Golden Dragon China Index went up by 0.53%.

Regarding popular Chinese concept stocks, Baidu increased by 1.42%, JD.com rose by 1.39%, NetEase grew by 1.18%, Bilibili went up by 0.87%, Alibaba increased by 0.79%, TSMC rose by 0.77%, NIO dropped by 0.71%, XPeng Motors fell by 0.31%, and Pinduoduo decreased by 0.07%.

In terms of stocks with continuous gains, NetDragon Websoft rose by 2.34% over 7 consecutive days, with an overall gain of 1.16% during the period. Rococo increased by 7.82% over 6 consecutive days, with a cumulative gain of 22.09%. RLX Technology saw a rise of 0.49% over 5 days, totaling a gain of 4.55%. Donuts Inc. recorded an increase of 2.95% over 5 days, with a total gain of 20.73%. DayDayCook surged by 36.79% over 5 days, with a cumulative gain of 180.16%. Lee's Kitchenware increased by 7.98% over 5 days, with a total gain of 28.47%.

Regarding stocks with continuous declines, Hesai fell by 1.11% over 6 consecutive days, with a cumulative decline of 13.78%. BTC Digital decreased by 1.20% over 6 consecutive days, totaling a decline of 20.67%. Fangdd Network saw a drop of 0.69% over 6 days, with a cumulative decline of 13.29%. Huashen Technology fell sharply by 36.58% over 5 days, with an overall decline of 59.03%. Global Mofy dropped by 1.42% over 5 days, totaling a decline of 5.12%. Antelope Holdings decreased by 8.96% over 5 days, with a cumulative decline of 16.27%.

William Li from NIO: Organizational adjustments have shown changes, with May delivery expected to increase by 40%

At the 2025 Future Auto Pioneer Conference held today, NIO's Chairman William Li responded to the recent effects of organizational structure adjustments. He stated, "We have seen many changes across various aspects. From a sales perspective, the front-line colleagues at Le Tao have indeed reduced by 40%, but Le Tao's May delivery volume is expected to increase by at least 40%."

Fliggy: Car rental bookings for the Dragon Boat Festival holiday increased by approximately 30% compared to last year

On June 2nd, Fliggy released the "2025 Dragon Boat Festival Holiday Travel Express," showing that per capita travel consumption continued to grow from last year. This includes an 8.8% year-on-year increase in per capita consumption for "light vacation" products such as tickets, camping, and car tours. The non-adjusted three-day holiday saw short-distance self-driving and nearby vacations become the preferred travel methods. Fliggy data indicates that domestic car rental service bookings during the Dragon Boat Festival period increased by approximately 30% compared to last year.

Trip.com: Orders for inbound tourism during the Dragon Boat Festival holiday grew by nearly 90%

On June 2nd, Trip.com released a report indicating that during the 2025 Dragon Boat Festival holiday, domestic local and surrounding tours accounted for 64% of travel. With the effect of Children's Day overlapping, parent-child families became the main force for Dragon Boat Festival travel. Among the top 50 scenic spots by GMV, family-oriented attractions accounted for nearly 90%, and parent-child orders made up 25% of total travel orders. Additionally, this year's Dragon Boat Festival holiday witnessed a two-way surge in outbound and inbound tourism, with inbound tourism orders growing by nearly 90%, and inbound tourism ticket GMV surging 1.5 times compared to last year. Chinese people were seen in destinations within a three-hour flight circle, such as Japan, South Korea, Hong Kong, Thailand, and Malaysia.

iQIYI lowers virtual production system usage price, minimum reduced to 35,000 yuan per day

iQIYI announced a significant temporary reduction in the usage price of its virtual production system starting from June 1, 2025. Based on the specific project match, the usage price for the complete software and hardware system, excluding digital scene production, will be reduced to a minimum of 35,000 yuan per day. It is understood that the current price for renting a film-level virtual studio and software service is 160,000 yuan per day.