Chinese Concept Stocks | Nasdaq Golden Dragon China Index Rises as 36Kr Hits Volatility Halts

On September 8th, Eastern Time (Monday), the three major U.S. stock indices closed higher collectively. The S&P 500 index rose by 0.21% to 6,495.15 points; the Dow Jones index increased by 0.25% to 45,514.95 points; and the Nasdaq index gained 0.45% to 21,798.70 points.

On September 8th, the Nasdaq Golden Dragon China Index rose by 2.12%.

Regarding popular Chinese concept stocks, NetEase increased by 7.25%, Baidu by 6.56%, JD.com by 4.45%, Alibaba by 4.15%, XPeng Motors by 3.91%, NIO by 3.61%, TSMC by 1.55%, Bilibili by 0.67%, and Pinduoduo by 0.25%.

Chinese concept stocks experiencing consecutive gains include iQIYI with a recent increase of 0.37% over 8 consecutive days, resulting in a cumulative gain of 15.74%. Baidu increased 6.56% over 7 consecutive days, with a total gain of 20.91%. Intelligent Future rose by 4.35% over 7 consecutive days, accumulating a gain of 45.07%. Quhuo gained 10.56% over 7 consecutive days, with a total increase of 30.07%. Mingda Jiahe rose by 5.70% over 7 consecutive days, with a cumulative increase of 8.59%.

Chinese concept stocks experiencing consecutive declines include Yidianxing with a recent decrease of -2.52% over 10 consecutive days, resulting in a cumulative loss of -61.94%. Ambow Education decreased by -9.01% over 9 consecutive days, with a total loss of -20.38%. Junlong Digital Technology fell by -2.58% over 7 consecutive days, accumulating a loss of -13.95%. Shanggou Life Sciences declined by -0.59% over 6 consecutive days, with a cumulative decrease of -16.33%. Aurora decreased by -1.02% over 5 consecutive days, with a total loss of -6.65%. Qiji Automobile fell by -6.15% over 5 consecutive days, accumulating a loss of -91.67%.

Chinese Concept Stock News

36Kr's Stock Has Triggered Circuit Breakers 16 Times Intraday
36Kr's stock has triggered circuit breakers 16 times intraday, with a peak increase of 307%, now retreating to 96%.

JD Supermarket: User Numbers to Increase from 300 Million to 500 Million Over the Next Three Years
On September 8th, at JD Supermarket's 11th-anniversary press conference, JD Group Vice President and President of JD Retail's Large Supermarket Business Group, Niu Yinghua, announced key performance metrics. In the first half of the year, JD Retail's large supermarket business showed a high double-digit growth trend, with user numbers increasing by 18%, order volume by 20%, and GMV by 15%. JD Supermarket plans to expand its user base from the current 300 million to 500 million over the next three years.

BeiGene Presents Latest Results from Two RATIONALE Studies at the World Conference on Lung Cancer
BeiGene announced that the final analysis results from the RATIONALE-315 study and long-term follow-up data from the RATIONALE-303 study show that Baizean (Tislelizumab) achieved clinically meaningful overall survival (OS) benefits in both studies. Detailed data will be presented at the 2025 World Conference on Lung Cancer (WCLC) through short oral reports and posters.

XPeng Motors to Open Its First European R&D Center in Munich
On the afternoon of September 8th, XPeng Motors held a press conference in Munich and announced the official opening of its first European R&D center in Munich. Additionally, XPeng Motors intends to launch L4-level intelligent driving production models by 2026 and start Robotaxi trial operations in China.

OneConnect Signs Agreement with VPBank
Recently, it was announced that OneConnect and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) held a business cooperation signing ceremony in Hanoi, Vietnam. According to the agreement, both parties will implement a new generation of core banking systems, with the first project being deployed at its subsidiary GPBank. After validation, it will be fully promoted at the parent bank to achieve unified upgrades for the parent and subsidiary banks.

Xiaomi AI Glasses Introduce 'Look and Pay' Feature with Alipay
Xiaomi AI Glasses released firmware update version 1.2.31.0. This update includes the Alipay 'Look and Pay' feature mentioned at the press conference, allowing users to activate Xiao Ai to assist with QR code payments conveniently. With the official launch of the 'Look and Pay' function, Alipay has become a standard feature for smart glasses, with other major domestic smart glasses manufacturers like Rokid, Quark, and Thunderbird Innovation also integrating this feature.

Anthropic Discontinues Service; JD Cloud Launches One-Click 'Migration' Solution
According to JD Cloud's official Weibo, the AI company Anthropic recently announced discontinuing services for groups and their subsidiaries majority-owned by Chinese capital. To assist developers in a smooth transition and continued access to AI coding services, JD Cloud launched the Claude Code access to JD Cloud JoyBuilder's large-scale model services and the JoyCode+JoyBuilder's intelligent programming solution to help developers smoothly transition.

Unexploded Bomb Found at TSMC's Kaohsiung Plant, Third Discovery
According to reports, an unexploded bomb was found on the outskirts of TSMC's Kaohsiung Nanzih plant on September 7th. The military's unexploded ordnance disposal team arrived to handle the situation, identifying it as a remnant of an air bomb from earlier times. It will be destroyed following the disposal procedures for abandoned bombs. This marks the third time an unexploded bomb has been found at TSMC's Kaohsiung plant. On August 27th, 2024, during remediation work, a remnant of a '1,000-pound air bomb' was discovered, and on November 11th of the same year, a '500-pound air bomb' remnant was unearthed. The bomb bodies found in both instances were severely corroded, with many speculating that they were remnants from the Pacific War era, approximately 80 years ago, when the plant's oil storage area was bombed by the U.S. military.

JD Cloud Computing Invests in Embodied AI Robotics Company Qianxun Intelligence
According to public records, Qianxun Intelligence (Hangzhou) Technology Co., Ltd. recently underwent a business change, adding JD Cloud Computing's affiliated company JD Technology Information Technology Co., Ltd., the China Internet Investment Fund (Limited Partnership), and others as shareholders. At the same time, the registered capital increased from approximately 1.95 million RMB to approximately 2.37 million RMB. The company, founded in 2024, is led by legal representative Han Fengtou and engages in the R&D of intelligent robots, the manufacturing of service consumer robots, and the sales of intelligent robots. Public information indicates that the company possesses full-stack production-level technical capabilities in AI+robotics.

Variable Robotics Secures Nearly 1 Billion Yuan in A+ Round Financing, Led by Alibaba Cloud and Others
Variable Robotics announced it has recently completed nearly 1 billion yuan in A+ round financing. The round was led by Alibaba Cloud and Guoke Investment, with additional investments from China Development Bank Financial, Sequoia China, and Yingze Capital. Existing investor Meituan Strategic Investment also participated with an over-commitment, while Lenovo Star and Legend Capital continued their investments.

JD and Others Invest in Qianxun Intelligence, an Embodied AI Robotics Company
According to business registration information, Qianxun Intelligence (Hangzhou) Technology Co., Ltd. recently underwent a business change, adding JD Technology Information Technology Co., Ltd., the China Internet Investment Fund (Limited Partnership), Astrend V (Hong Kong) Beta Limited, and others as shareholders. The registered capital increased from approximately 1.95 million RMB to 2.37 million RMB. Founded in January 2024, Qianxun Intelligence is led by legal representative Han Fengtou and engages in the R&D of intelligent robots, the manufacturing of service consumer robots, and the sales of intelligent robots. Shareholder information shows that the company is now jointly owned by Han Fengtou, Huawei's Shenzhen Hubble Technology Investment Partnership (Limited Partnership), and the aforementioned new shareholders. Public information indicates that the company possesses full-stack production-level technical capabilities in AI+robotics.

Baidu Group Plans to Issue RMB-Denominated Senior Notes
Baidu Group announced on the Hong Kong Stock Exchange its intention to issue RMB-denominated senior unsecured notes outside the United States through offshore transactions to non-U.S. persons. The principal amount, interest rate, maturity date, and other terms of these notes will be determined during the pricing of the notes issuance. The net proceeds will be used for general corporate purposes, including repaying certain existing debts, paying interest, and general corporate use.