Chinese Concept Stocks | Nasdaq Golden Dragon China Index Gains 2.39% Amid Surge in Xpeng, Nio, Alibaba Shares
AInvestWednesday, Aug 21, 2024 6:32 pm ET
5min read
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On August 21st (Wednesday), Eastern Time, the three major US stock indices closed higher collectively. The S&P 500 Index rose by 0.42% to 5620.85 points; the Dow Jones Index increased by 0.14% to 40890.49 points; and the Nasdaq Index climbed by 0.57% to 17918.99 points.


On August 21st, the Nasdaq Golden Dragon China Index went up by 2.39%. Regarding popular Chinese concept stocks, XPeng Motors rose by 4.36%, NIO increased by 3.77%, Alibaba went up by 3.13%, NetEase climbed by 2.63%, Baidu increased by 2.00%, Pinduoduo rose by 1.19%, Bilibili increased by 0.50%, JD.com fell by 4.15%, and TSMC dropped by 0.36%.


【Continuous Rising Chinese Concept Stocks】
Companies with continuous rises include Youjia Insurance with the latest increase of 17.06% over 11 consecutive days, achieving a cumulative increase of 395.66% during this period; Zhenkunhang with an increase of 4.11% over 11 days, achieving a cumulative increase of 45.04%; BAIYU Holdings with an increase of 5.36% over 6 days, achieving a cumulative increase of 121.80%; Gulf Resources with an increase of 4.09% over 6 days, achieving a cumulative increase of 9.05%; Fulong Group with an increase of 8.12% over 5 days, achieving a cumulative increase of 22.98%; All Cloud Holography with an increase of 13.64% over 5 days, achieving a cumulative increase of 80.41%; Meihua International with an increase of 2.85% over 5 days, achieving a cumulative increase of 6.36%; Bit Origin with an increase of 2.15% over 5 days, achieving a cumulative increase of 15.85%; Mingzhu Logistics with an increase of 2.42% over 5 days, achieving a cumulative increase of 15.97%; and Meiwu Technology with an increase of 6.10% over 5 days, achieving a cumulative increase of 14.78%.


【Continuous Declining Chinese Concept Stocks】
Companies with continuous declines include SOS with the latest decrease of -4.21% over 6 consecutive days, achieving a cumulative decrease of -10.08%; Yatsen with a decrease of -1.10% over 4 days, achieving a cumulative decrease of -5.29%; OneConnect with a decrease of -1.54% over 4 days, achieving a cumulative decrease of -9.62%; SXT Pharmaceuticals with a decrease of -8.51% over 4 days, achieving a cumulative decrease of -16.50%; Dada with a decrease of -0.76% over 3 days, achieving a cumulative decrease of -6.43%; TD Holdings with a decrease of -0.53% over 3 days, achieving a cumulative decrease of -6.33%; Kandi Technologies with a decrease of -0.57% over 3 days, achieving a cumulative decrease of -9.42%; Sunlands Online Education with a decrease of -2.87% over 3 days, achieving a cumulative decrease of -20.43%; Luokung Technology with a decrease of -17.75% over 3 days, achieving a cumulative decrease of -23.63%; XChange with a decrease of -2.96% over 3 days, achieving a cumulative decrease of -10.38%; LakeShore Biopharma with a decrease of -1.31% over 3 days, achieving a cumulative decrease of -7.76%; 111 Inc. with a decrease of -4.02% over 3 days, achieving a cumulative decrease of -5.10%; Fanhua with a decrease of -1.44% over 3 days, achieving a cumulative decrease of -4.20%; Hui Bao with a decrease of -6.39% over 3 days, achieving a cumulative decrease of -16.62%; Uxin with a decrease of -1.22% over 3 days, achieving a cumulative decrease of -8.90%; Great Wall Technology with a decrease of -3.83% over 3 days, achieving a cumulative decrease of -13.30%; Cheung Kong International with a decrease of -1.18% over 3 days, achieving a cumulative decrease of -2.33%; Happy with a decrease of -6.67% over 3 days, achieving a cumulative decrease of -9.68%.


【Chinese Concept Stocks News】

Lufax's total revenue for the second quarter is RMB 5.98 billion
Lufax's total revenue for the second quarter is RMB 5.98 billion.
GDS's net revenue for the second quarter is RMB 2.8264 billion, an increase of 17.7% year-on-year
GDS announced today its unaudited financial results for the second quarter ending June 30, 2024. The net revenue for the second quarter was RMB 2.8264 billion (approximately USD 388.9 million), an increase of 17.7% year-on-year (excluding a one-time item of RMB 70.7 million disclosed last year); the adjusted EBITDA for the second quarter was RMB 1.3122 billion (USD 180.6 million), an increase of 14.9% year-on-year (excluding a one-time item of RMB 92.8 million disclosed last year); the adjusted EBITDA margin for the second quarter was 46.4%.
Four years later, Hema restarts the front warehouse
Hema is piloting the front warehouse model, which was abandoned four years ago, in Shanghai, offering 3-kilometer delivery within 30 minutes. The pilot has just begun, with the core purpose of serving areas not covered by Hema Fresh's large stores.
JD Group: As of August 20, Walmart no longer holds shares in the company and is not aware of other reasons for stock price and trading volume changes
JD Group announced that the company is aware that Walmart Inc. and its affiliates have filed Schedule 13G/A with the SEC on August 20, 2024 (Eastern Time), regarding Walmart's sale of the company's shares. According to Schedule 13G/A, as of August 20, 2024 (Eastern Time), Walmart no longer holds shares in the company. The company has noticed changes in the price and trading volume of its shares traded on the Hong Kong Stock Exchange today. To the best of the company's knowledge, it is not aware of any other reasons for these changes in price and trading volume (other than those disclosed above) or any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Trip.com: "Black Myth" related popularity increased by nearly 300% and five "pilgrimage" routes have been launched
According to the latest information from the company, on August 20, the popularity of "Black Myth" related search terms on the Trip.com platform increased by nearly 300% compared to the previous day. At the same time, Trip.com's itinerary quickly designed five ancient architecture tours, including a 12-day tour in Shanxi and a 3-day tour in Datong, covering multiple filming locations in the game such as Yungang Grottoes, Huayan Temple, Yingxian Wooden Pagoda, and Hanging Temple. The routes have been fully launched on August 21.
Pingmei Co., Ltd.: The proportion of increased holdings by the controlling shareholder has accumulated to 1%
Pingmei Co., Ltd. announced that the company received a notice from China Pingmei Shenma Group today. From July 30, 2024, to August 21, 2024, China Pingmei Shenma Group increased its holdings of the company's shares by 24,763,900 shares through the Shanghai Stock Exchange trading system, accounting for 1% of the company's issued total shares. After this increase, China Pingmei Shenma Group holds 1,075,295,147 shares of the company, accounting for 43.42% of the company's issued total shares. This increase plan has not yet been completed.
DingTalk responded to the document crash: it has been restored
This afternoon, in response to the DingTalk document crash, DingTalk's official blog stated: Due to a sudden increase in usage traffic, some users experienced access anomalies at 16:14. After emergency handling, the issue was fully restored at 16:19.
XPeng Huitian Flying Car Company registered
According to Tianyancha App, recently, Guangdong Huitian Flying Car Co., Ltd. was established, with Zhao Deli as the legal representative, a registered capital of USD 200 million, and business scope including the manufacturing of auto parts and accessories, intelligent unmanned aerial vehicle manufacturing, industrial robot manufacturing, new energy vehicle whole vehicle sales, industrial design services, and intelligent unmanned aerial vehicle sales. Shareholder information shows that the company is wholly owned by XPeng Motors' subsidiary HT Flying Car (Hong Kong) Limited.
He Xiaopeng: XPeng Motors' overseas sales in the second quarter accounted for more than 10%
On August 20, He Xiaopeng, Chairman of XPeng Motors, stated in a financial report conference call that XPeng's long-term layout in international models and overseas markets has entered a rapid development phase, becoming an important driving force for sales and profit growth. In the second quarter of this year, XPeng Motors ranked first in the export sales of mid-to-high-end models (priced above USD 30,000) among Chinese pure electric brands, with the contribution of overseas sales exceeding 10% for the first time. Additionally, the XPeng G9 ranked first in sales of large and medium-sized pure electric SUVs in Norway, Denmark, and Israel.
He Xiaopeng: XPeng will enter more right-hand drive markets in the second half of this year, including the UK
On August 20, He Xiaopeng, Chairman of XPeng Motors, stated in a financial report conference call that XPeng Motors will start the delivery of the G6 left-hand drive version and right-hand drive version in August. As of July, XPeng has entered 30 countries and regions, including Europe, the Middle East, and Latin America, through dealer partners, with more than 70 sales stores. In the second half of this year, XPeng will enter more right-hand drive markets, including the UK, Australia, and several countries in Southeast Asia. At the same time, the number of international market sales stores is expected to double in the second half of this year.
IDC releases China Large Model Market Share Report: Baidu, SenseTime, and Zhipu AI rank top three
Recently, consulting firm IDC released a report showing that the market size of China's large model platform market in 2023 reached RMB 1.765 billion. Baidu AI Cloud ranked first in the Chinese large model platform market with a market share of 19.9%; SenseTime ranked second with a 16% market share; Zhipu AI was the winner among startups in 2023, ranking third; followed by Baichuan Intelligent and Fourth Paradigm.
JD responds to Walmart's

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