Chinese Concept Stocks | Nasdaq China Golden Dragon Index Surges 10.85% Amid Alibaba-JD.com Collaboration

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On September 26th, Eastern Time (Thursday), the three major U.S. stock indexes collectively closed higher. The S&P 500 increased by 0.40%, closing at 5745.37 points; the Dow Jones rose by 0.62%, closing at 42175.11 points; and the Nasdaq climbed by 0.60%, closing at 18190.29 points.

On September 26th, the Nasdaq Golden Dragon China Index rose by 10.85%.

Among popular Chinese stocks, Baidu increased by 9.09%, NetEase by 4.88%, TSMC by 2.43%, NIO by 2.33%, Bilibili by 15.44%, JD.com by 14.39%, Pinduoduo by 13.57%, XPeng Motors by 11.79%, and Alibaba by 10.04%.

In the rising Chinese stocks, Autohome gained 4.57% over 7 consecutive days with a cumulative increase of 17.83%. Agora rose by 9.26% over 5 days with a gain of 19.80%. Emeren Group increased by 1.28% over 5 days with a cumulative rise of 6.28%. Zhongzhi Chuangfu climbed by 7.50% over 5 days with a gain of 9.77%. TSMC increased by 2.46% over 4 days with a gain of 7.32%. Pinduoduo rose by 13.57% over 4 days with a cumulative increase of 29.53%. Futu Holdings climbed by 7.88% over 4 days with a rise of 24.32%. Atour increased by 12.42% over 4 days with a gain of 19.42%. Studio City International Holdings rose by 19.02% over 4 days with a cumulative increase of 37.04%. Xinyi Technology climbed by 4.41% over 4 days with a gain of 9.02%. Tuya Smart rose by 6.37% over 4 days with a cumulative increase of 28.46%. Noah Holdings increased by 10.32% over 4 days with a gain of 26.64%. TH International rose by 14.72% over 4 days with a cumulative increase of 31.12%. Xunlei climbed by 5.45% over 4 days with a gain of 12.62%. Haitong Securities rose by 8.63% over 4 days with a cumulative increase of 32.87%. The9 Limited increased by 2.26% over 4 days with a gain of 6.80%. Xiaoi Robot rose by 20.98% over 4 days with a cumulative increase of 83.91%. UTStarcom Holdings climbed by 2.74% over 4 days with a gain of 4.90%. Enjoy Holdings rose by 2.75% over 4 days with a cumulative increase of 6.72%. BIT Mining increased by 0.87% over 4 days with a gain of 3.13%. 17 Education & Technology Group rose by 8.47% over 4 days with a cumulative increase of 16.75%. Baosheng Media climbed by 1.74% over 4 days with a gain of 9.25%. Lixiang Education rose by 10.67% over 4 days with a cumulative increase of 21.74%. Zhongbei Energy increased by 39.73% over 4 days with a gain of 65.69%.

In the declining Chinese stocks, Dashu Cloud decreased by 1.59% over 8 consecutive days with a cumulative drop of 33.16%. Intelligent Charging fell by 9.60% over 4 days with a loss of 30.33%. Zhihua Technology declined by 2.13% over 4 days with a decrease of 9.51%. Color Star dropped by 9.29% over 4 days with a loss of 25.29%. Global Mofei fell by 13.37% over 4 days with a decrease of 30.91%. Sun High Life Sciences declined by 5.79% over 4 days with a loss of 41.18%.

Alibaba and JD.com Open to Each Other: JD Logistics to Enter Taobao, Alipay to Enter JD.com
Taobao and Tmall will officially integrate JD Logistics, expected to go live in mid-October. After that, Taobao merchants will have the option to choose JD Logistics for delivery. Simultaneously, JD.com will incorporate Cainiao Express and Cainiao Post—Cainiao's self-operated courier brand and parcel collection point. It is also reported that JD.com will officially integrate Alipay as a payment option, expected to launch before the Double 11 shopping festival. Currently, JD.com's default payment order is JD Pay, UnionPay, and WeChat Pay. Both parties have agreed on logistics and payment cooperation.

Hong Kong Becomes a Free Shipping Zone for Taobao
Alibaba held a Taobao Hong Kong business conference, announcing that Taobao will invest 1 billion to make Hong Kong a free shipping zone. Starting October 1st, a limited-time offer of free shipping to Hong Kong for orders over 99 yuan will be launched. The project is managed by Taobao Tmall for merchant recruitment, while Alibaba International is responsible for user operations and logistics in Hong Kong.

Taobao Responds to WeChat Pay Testing Progress, Soon to Fully Launch
Recently, Taobao's announcement to support WeChat Pay sparked heated discussions on online platforms, indicating a potential transformation in the e-commerce payment ecosystem. On September 26th, some users shared successful screenshots of using WeChat Pay for Taobao purchases, sparking widespread discussion. However, some users reported not yet accessing the feature and eagerly await its full rollout. In response, Taobao stated that the WeChat Pay feature is in trial, with gradual testing underway, and is expected to be fully available shortly. Please be patient.

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