Chinese Concept Stocks | Nasdaq Golden Dragon China Index Drops Amid Broad Declines in Major Chinese Tech Stocks

On October 14 (Tuesday) Eastern Time, the three major U.S. stock indices showed mixed performance. The S&P 500 Index fell by 0.16% to 6,644.31 points, the Dow Jones Index rose by 0.44% to 46,270.46 points, and the Nasdaq Index dropped by 0.76% to 22,521.70 points.

On October 14, the Nasdaq Golden Dragon China Index fell by 1.95%.

As for popular Chinese concept stocks, NIO fell by 5.15%, Baidu by 4.60%, Bilibili by 3.45%, Alibaba by 2.37%, TSMC by 2.28%, NetEase by 2.26%, XPeng by 2.05%, JD.com by 1.62%, and Pinduoduo by 0.35%.

Companies on a consecutive rise include Tianmei Bio with a 6.54% increase over 5 days accumulating to 11.76%, Shanyou HVAC up by 1.60% over 4 days accumulating to 8.72%, Jiuzhou Pharmacy up by 31.54% over 4 days accumulating to 49.05%, Luobei up by 1.10% over 4 days accumulating to 4.32%, Donis up by 3.01% over 3 days accumulating to 4.51%, TCTM up by 7.84% over 3 days accumulating to 18.71%, Youlan up by 0.55% over 3 days accumulating to 11.52%, Zhengye Bio up by 1.05% over 3 days accumulating to 6.25%, Internet Technology Packaging up by 31.02% over 3 days accumulating to 43.57%, and Singularity Future up by 0.32% over 3 days accumulating to 11.15%.

Companies on a consecutive decline include Zhongjin Medical down by 7.11% over 7 days accumulating to -35.05%, Abits Group down by 2.90% over 7 days accumulating to -24.10%, Sanyi Technology down by 1.64% over 7 days accumulating to -21.35%, Waterdrop down by 0.56% over 6 days accumulating to -9.14%, Niu Technologies down by 5.30% over 6 days accumulating to -21.22%, Suntech Education down by 0.81% over 6 days accumulating to -12.60%, An Gaomeng down by 0.76% over 6 days accumulating to -33.63%, Puhuo Bio down by 2.85% over 6 days accumulating to -15.39%, and Gongwuyuan down by 3.53% over 6 days accumulating to -17.03%.

Over a million people visited the "Accumulated Gold" page on Alipay. Notably, on the afternoon of the 14th, the ICBC Accumulated Gold service on Alipay temporarily showed "unable to open an account" but later returned to normal. A spokesperson from Ant Wealth responded that over a million people accessed the "Accumulated Gold" page on Alipay. The Ant Wealth platform also cautioned that due to high volatility in gold prices, investors should consider their risk tolerance when purchasing gold and manage diversification to avoid concentrating too heavily in gold, suggesting methods like regular investment to achieve long-term value.

JD.com responded to rumors of entering the car manufacturing industry by clarifying that the new car is a result of a joint effort with CATL's Times Electric Service and GAC Group, focusing on consumer insights and exclusive sales rather than the manufacturing process itself.

JD.com announced it will launch a new car in collaboration with GAC and CATL, with official test drives starting in late October and the formal announcement on November 9th.

During this year's Double 11 shopping festival, JD.com achieved large-scale deployment of its "Wolf" series of products, including "Lone Wolf" unmanned vehicles, "Flying Wolf" drones, "Land Wolf" smart handling robots, and "Alien Wolf" intelligent robotic arms across more than 20 provinces in China and over 10 countries globally.

Alipay's ICBC Accumulated Gold service was unavailable for account opening at 2:30 PM on October 14th due to system maintenance. Accumulated Gold is a gold product issued by banks, currently available for purchase through Alipay only from ICBC. Starting August 28, 2025, ICBC Accumulated Gold customers can enjoy a 0% handling fee for purchases through the proactive accumulation mode, while the selling transaction fee remains 0.5% of the transaction amount (minimum fee of 0.01 yuan per transaction), with the promotion ending on November 8, 2025.

Li Auto announced the opening of its first overseas authorized retail center in Tashkent, the capital of Uzbekistan, offering three range-extended electric models for sale: Li L9, Li L7, and Li L6. Unlike its direct sales model in China, Li Auto adopts an authorized dealership model for overseas sales.

Ele.me announced the trial cancellation of penalties for late deliveries in several cities, replacing it with a new service score system to ensure fair compensation based on effort and performance, with trials currently underway in Nantong, Changzhou, Jieyang, and Jingdezhen.

JD.com's Seven Fresh Kitchen has launched on Meituan and Taobao Flash Sale platforms. The Changbao Building branch of Seven Fresh Kitchen has achieved over 2,000 monthly sales on Taobao Flash Sale and over 400 on Meituan. JD.com plans to establish 10,000 Seven Fresh Kitchens nationwide within three years.

Alibaba Cloud announced a price reduction for certain ECS products starting from October 30, 2025, affecting regions including Frankfurt, Tokyo, and Dubai, with discounts covering monthly, annual, and savings plans.