Chinese Concept Stocks | Nasdaq Golden Dragon Index Declines as Pinduoduo and TSMC Shares Drop

On April 10th, Eastern Time (Thursday), the three major U.S. stock indices plummeted collectively. The S&P 500 fell by 3.46%, closing at 5,268.05 points; the Dow Jones Industrial Average dropped by 2.50%, closing at 39,593.66 points; the Nasdaq Composite declined by 4.31%, ending at 16,387.31 points.

On April 10th, the Nasdaq Golden Dragon China Index fell by 1.14%.

Among popular Chinese stocks, XPeng Motors rose by 2.98%, JD.com increased by 1.44%, NetEase went up by 0.58%, Bilibili climbed by 0.25%, Pinduoduo dropped by 6.16%, TSMC fell by 4.80%, Baidu declined by 2.63%, NIO decreased by 0.91%, and Alibaba went down by 0.62%.

Companies that have continuously risen include Yishengxin with a latest increase of 7.91% over four consecutive days, achieving a cumulative rise of 38.06% during this period. Juhao Mall increased by 5.52% over four days with a total increase of 7.30%. Baosheng rose by 17.06% over four days, totaling a 44.44% increase. Dada saw a 0.53% rise over three days, with a cumulative increase of 0.53%. Qudian increased by 2.23% over three days, totaling 6.02%. Tuniu rose by 0.28% over three days, with a total increase of 1.45%. Jiuzi New Energy rose by 4.61% over three days, achieving an 88.66% increase. GD Culture Group increased by 3.32% over three days, totaling 22.06%. Dingxin Holdings went up by 1.69% over three days, with a total increase of 13.21%. Mogu climbed by 3.55% over three days, totaling 8.51%. Oulu Instruments rose by 5.50% over three days, achieving a 12.75% increase. Boqi Pet increased by 3.19% over three days, totaling 7.78%. Guanke Meibo rose by 7.36% over three days, achieving a 19.84% increase. Abits Group increased by 0.28% over three days, totaling 18.66%. Jinxuan Group rose by 4.15% over three days, achieving an 11.88% increase. Singularity Future increased by 0.93% over three days, totaling 17.61%.

Companies that have continuously fallen include Burning Rock Biotech with a latest decrease of 9.68% over fifteen consecutive days, resulting in a cumulative decline of 47.32%. ECARX Technologies decreased by 7.51% over twelve days, with a total decline of 71.32%. Weibo fell by 4.30% over eight days, resulting in a 22.49% decline. WiMi Hologram Cloud decreased by 5.35% over eight days, totaling a 70.52% decline. Jiayin Group fell by 0.78% over six days, resulting in a 28.46% decline. Alliance Group decreased by 0.85% over six days, totaling a decline of 36.76%. Phoenix New Media fell by 6.14% over six days, resulting in a 31.86% decline. VoxelCloud decreased by 4.83% over six days, with a total decline of 32.17%.

Nanjing's First JD MALL to Open During May Day
The first JD MALL in Nanjing (JD MALL Nanjing Daming Road Store) will officially open from April 30th to May 5th, covering nearly 30,000 square meters and featuring over 200 leading brands and more than 200,000 products.

TSMC: March Revenue of 285.96 Billion TWD
TSMC's sales in March reached 285.96 billion TWD, marking a year-on-year increase of 46.5%.

Jack Ma Appears at Alibaba Cloud Valley, Wearing 15th Anniversary T-shirt and New Employee Badge
On April 10th, Jack Ma appeared at the Alibaba Cloud Valley campus in Hangzhou, wearing Alibaba's latest employee badge, with his alias Feng Qingyang clearly visible. He also wore the Alibaba Cloud 15th anniversary commemorative T-shirt, with "Alibaba Cloud 15th Anniversary since 2009" printed on the front. Previously, netizens spotted Jack Ma at the University of Tokyo.