Chinese Concept Stocks | Nasdaq Golden Dragon China Index Rises 2.07% Amid Gains in Key Stocks

On June 16 (Monday) Eastern Time, the three major U.S. stock indexes closed higher collectively. The S&P 500 Index rose 0.94% to 6033.11 points; the Dow Jones Index increased by 0.75% to 42515.09 points; and the Nasdaq Index gained 1.52% reaching 19701.21 points.

On June 16, the Nasdaq Golden Dragon China Index rose by 2.07%.

Among popular Chinese concept stocks, Bilibili rose 5.57%, Alibaba gained 2.76%, XPeng Motors increased by 2.64%, Pinduoduo was up 2.22%, JD.com grew by 2.20%, TSMC rose 2.14%, Baidu increased by 1.44%, NetEase gained 1.29%, and NIO rose 0.43%.

Companies that have continuously risen include Dragon Acquisition, which rose by 0.34% for 13 consecutive days with a cumulative increase of 0.68%; Future Vision, which increased by 0.10% for 10 consecutive days with a cumulative gain of 0.78%; Feitian Zhaye, which surged by 2.78% for 9 consecutive days with a total increase of 195.18%; Antelope Holdings, which rose by 2.77% for 6 consecutive days with a cumulative gain of 18.18%; and Coned Bio, which grew by 3.14% for 5 consecutive days with a total increase of 25.45%.

Companies that have continuously declined include Baosheng, which fell by 2.53% for 7 consecutive days with a cumulative decrease of 29.87%; Cango, which dropped by 2.90% for 6 consecutive days with a cumulative loss of 9.81%; Waterdrop, which decreased by 2.24% for 6 consecutive days with a total drop of 11.19%; Taoping, which fell by 1.14% for 6 consecutive days with a cumulative decrease of 43.85%; and Sunlands Technology, which declined by 2.65% for 5 consecutive days with a total loss of 17.85%.

Kering Group Appoints Luca de Meo as CEO
On June 16, the Kering Group Board of Directors announced the approval of Luca de Meo as the new CEO of the group. The related adjustments will officially take effect after the shareholders' meeting, scheduled for September 9, 2025.

Dongjian Technology and JD Auto Form Strategic Partnership
On June 13, Dongjian Technology and JD Auto held a strategic signing ceremony, officially establishing the "JD Auto Modification Brand Alliance." This alliance covers multiple areas, including car modification, parts supply chain, event services, and aftermarket platforms, aiming to provide consumers with reliable modification services by integrating quality brands and building an online modification channel.

Ele.me Invests Over 1 Billion Yuan to Support Quality Dining Merchants
On the morning of June 16, Ele.me officially announced the further upgrade of the "Youdian Leap Plan." From now until the end of August, the company will invest over 1 billion yuan, offering up to 3 months of commission-free services for new stores, additional traffic support for up to 3 months, and increased exposure and order conversion through Alibaba's ecosystem of resources. These initiatives aim to attract quality local brands and small to medium-sized dining businesses to join the platform.

Renault CEO to Leave, Rumored to Take Kering Group CEO Position
French automaker Renault announced that its CEO Luca de Meo will leave the company to pursue new challenges outside the automotive industry. De Meo led Renault as CEO for nearly 5 years, overseeing changes in its alliance with Nissan and the development of electric vehicles. Earlier, it was reported that Luca de Meo would take over as CEO of Kering Group, the parent company of Gucci. Kering's Chairman and CEO Francois-Henri Pinault had previously indicated the search for a successor, considering options such as appointing another person as CEO initially.