Chinese Concept Stocks | Nasdaq Golden Dragon Index Drops 2.80% Amid Mixed Performance

On September 25 (Wednesday) Eastern Time, the three major U.S. stock indexes showed mixed trends. The S&P 500 index fell by 0.19% to 5722.26 points; the Dow Jones index dropped by 0.70% to 41914.75 points; and the Nasdaq index rose by 0.04% to 18082.21 points.

On September 25, the Nasdaq Golden Dragon China Index decreased by 2.80%.

Regarding popular Chinese stocks, TSMC rose by 0.24%, Pinduoduo increased by 0.12%, NIO fell by 4.88%, XPeng Motors decreased by 2.43%, JD.com dropped by 2.04%, Bilibili declined by 1.93%, Alibaba fell by 1.81%, Baidu decreased by 0.84%, and NetEase dropped by 0.10%.

For continuously rising Chinese stocks, Autohome increased by 2.17% for six consecutive days with a period increase of 12.68%. Agora rose by 4.35% for four consecutive days with a period increase of 9.64%. Emeren Group increased by 1.07% for four consecutive days with a period increase of 5.61%. TSMC rose by 0.24% for three consecutive days with a period increase of 4.79%. Pinduoduo increased by 0.12% for three consecutive days with a period increase of 14.05%. Futu Holdings rose by 0.85% for three consecutive days with a period increase of 15.24%. Atour increased by 0.76% for three consecutive days with a period increase of 6.22%. FinVolution Group rose by 0.27% for three consecutive days with a period increase of 4.33%. Tuya Smart increased by 2.98% for three consecutive days with a period increase of 19.62%. Noah Holdings rose by 2.11% for three consecutive days with a period increase of 14.79%. Quhuo increased by 8.03% for three consecutive days with a period increase of 43.69%. TH International rose by 0.60% for three consecutive days with a period increase of 14.29%. Xunlei increased by 0.91% for three consecutive days with a period increase of 7.44%. Zhongchichefu rose by 10.98% for three consecutive days with a period increase of 2.11%. Feitian Zhaoye increased by 23.30% for three consecutive days with a period increase of 29.15%. So-Young International rose by 0.80% for three consecutive days with a period increase of 2.99%. Nisun International increased by 0.54% for three consecutive days with a period increase of 21.75%. Haichuan Securities rose by 7.34% for three consecutive days with a period increase of 22.31%. The Ninth City increased by 4.00% for three consecutive days with a period increase of 4.00%. Xiao-I Corporation rose by 17.56% for three consecutive days with a period increase of 52.01%. Enjoy Holdings increased by 0.79% for three consecutive days with a period increase of 4.28%. BIT Mining rose by 1.33% for three consecutive days with a period increase of 1.79%. Four Seasons Education increased by 1.99% for three consecutive days with a period increase of 33.56%. ATA Creativity Global rose by 5.88% for three consecutive days with a period increase of 41.18%. 17 Education & Technology increased by 2.34% for three consecutive days with a period increase of 7.88%. DayDayCook rose by 2.86% for three consecutive days with a period increase of 19.12%. Baosheng increased by 9.09% for three consecutive days with a period increase of 11.58%. LiXiang Education rose by 9.52% for three consecutive days with a period increase of 10.00%. Zhongbeining increased by 17.23% for three consecutive days with a period increase of 18.57%.

For continuously falling Chinese stocks, Dashuyun fell by 8.93% for seven consecutive days with a period decrease of 30.80%. Kaixin Yuanda dropped by 4.36% for six consecutive days with a period decrease of 23.51%. Yuchai International fell by 0.21% for five consecutive days with a period decrease of 6.29%. Canaan Technology dropped by 1.71% for four consecutive days with a period decrease of 16.94%. X3 Holdings fell by 1.62% for four consecutive days with a period decrease of 13.33%.

Alibaba Mama's Commercialization Operations Center General Manager Shuyang: Taobao will fully integrate with WeChat Pay by the end of September.

On September 25, at the 2024 Alibaba Mama Double 11 press conference, General Manager Shuyang revealed that Taobao will fully integrate with WeChat Pay by the end of September, preparing for the October pre-sale phase of this year's Double 11. Additionally, during this year's Double 11, Taobao will invest 30 billion in consumer coupons and red envelopes.

Amap: Nationwide highway traffic pressure expected to increase gradually from 16:00 on the 30th.

On September 25, Amap released the "2024 National Day Holiday Travel Forecast Report." The report shows that due to free highway passage and concentrated travel demand, national highway traffic pressure is expected to gradually increase from 16:00 on September 30, with a travel peak from 21:00 to 1:00 on October 1. October 1 (the first day of the holiday) from 9:00 to 12:00 will be the peak period for outbound highway congestion, with the peak from 10:00 to 11:00. Nationwide highway return trips are expected to be more dispersed, with congestion peaks expected from 15:00 to 19:00 on October 5 and 6, especially from 16:00 to 17:00. Highway conditions are expected to return to normal levels on October 8. Overall, outbound traffic pressure is higher than return traffic.

iQIYI states that micro short dramas are completely free for members.

On September 25, iQIYI CEO Gong Yu revealed at the Enjoyment Conference that iQIYI launched short drama and micro drama theaters today. He stated that iQIYI's short dramas are not equivalent to low-cost web dramas cut short, and micro dramas are not equivalent to low-quality paid micro short dramas. At the same time, the business model is also changing. Currently, iQIYI's business model for micro short dramas allocates more than 70% of revenue to content producers and is completely free for members.

Alibaba Cloud Intelligent Dialogue Robot's English name changed to Chatbot.

On September 25, according to Alibaba Cloud's official website, Alibaba Cloud Intelligent Dialogue Robot's original English name Beebot will be changed to Chatbot starting October 1, 2024.

Baidu Group Executive Vice President Shen Dou: Large models and cloud computing are becoming new infrastructure.

On September 25, at the 2024 Baidu Cloud Intelligence Conference, Baidu Group Executive Vice President and Baidu Intelligent Cloud Business Group President Shen Dou stated that the past year has been a critical year for large models transitioning from technological to industrial transformation. Large models and cloud computing are becoming new infrastructure, with large models and related systems rapidly becoming new-generation infrastructure in just a few years. "The speed of this transformation is unprecedented."

NIO and Sinopec reach a charging service cooperation agreement.

According to NIO's official Weibo, on September 25, NIO and Sinopec reached a charging service cooperation agreement. Users can find and use Sinopec's nationwide charging piles through the NIO App, in-car systems, and the Power App.

Robin Li: Intelligent agents are the AI application direction I am most optimistic about.

At the 2024 Baidu Cloud Intelligence Conference, Baidu founder, chairman, and CEO Robin Li appeared online at the second season of the Baidu "Wenxin Cup" award ceremony. In his speech, Robin Li once again called for focusing on large model applications rather than competing on large models themselves. Robin Li pointed out that intelligent agents are the AI application direction he is most optimistic about because intelligent agents are like websites in the PC era and accounts in the self-media era. Their most obvious feature is that the threshold is low enough for anyone to use, but the ceiling is high enough to create very complex and powerful applications. In the future, there will be millions of intelligent agents, forming a large product ecosystem. "Baidu hopes to build a prosperous AI industrial application and intelligent ecosystem with all entrepreneurial fields, helping entrepreneurs find PMF earlier and create super applications," Robin Li stated.

Baidu deploys a 100,000-card cluster, consuming 3 million kWh of electricity daily.

On September 25, at the 2024 Baidu Cloud Intelligence Conference, Baidu Intelligent Cloud announced the comprehensive upgrade of the Baige AI heterogeneous computing platform to version 4.0. In the cluster deployment phase, the upgraded Baige can reduce the preparation time for running a ten-thousand-card cluster from several weeks to as fast as 1 hour, with long-text inference efficiency improved by more than 1 times. Baidu Group Executive Vice President Shen Dou revealed that the Baige 4.0 version is designed for large-scale deployment of 100,000-card clusters, but managing a 100,000-card cluster is fundamentally different from managing a ten-thousand-card cluster. Deploying such a large-scale cluster requires approximately 100,000 square meters of physical space, equivalent to 14 standard football fields. In terms of energy consumption, these servers consume about 3 million kWh of electricity daily, equivalent to the daily residential electricity consumption of Beijing's Dongcheng District.

Baidu Xiling Digital Human Platform 4.0 released: The price of 3D ultra-realistic digital humans reduced to 199 yuan.

At the 2024 Baidu Cloud Intelligence Conference, Baidu Intelligent Cloud released the Xiling Digital Human Platform 4.0, reducing the price of 3D ultra-realistic digital humans from thousands of yuan to 199 yuan, reaching the industry's lowest price.

The price of 3D ultra-realistic digital humans reduced from thousands to 199 yuan as Baidu Xiling Digital Human Platform upgrades.

On September 25, at the 2024 Baidu Cloud Intelligence Conference, Baidu Intelligent Cloud released the Xiling Digital Human Platform 4.0. Based on large model capabilities, the new Xiling Digital Human 4.0 supports quickly generating 3D digital human images and videos with different makeup and industry characteristics from text and reduces the price of 3D ultra-realistic digital humans from thousands to 199 yuan, reaching the industry's lowest price.

Baidu Intelligent Cloud: The Qianfan Large Model Platform has over 700 million daily calls.

At the 2024 Baidu Cloud Intelligence Conference, Baidu Intelligent Cloud announced the comprehensive upgrade of the Qianfan Large Model Platform to version 3.0 and released the latest "report card": On the Qianfan Large Model Platform, the daily call volume of the Wenxin Large Model exceeds 700 million times, and it has cumulatively helped users fine-tune 30,000 large models, developing over 700,000 enterprise-level applications. Over the