Chinese Concept Stocks | Nasdaq Golden Dragon Index Drops 4.34% Amid Mixed Performance of Key Stocks
AInvestWednesday, Dec 11, 2024 5:32 pm ET
2min read
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On December 11th, Eastern Time (Wednesday), the three major U.S. stock indices showed mixed results. The S&P 500 Index rose by 0.82%, closing at 6084.19 points; the Dow Jones Index fell by 0.22%, closing at 44148.56 points; and the Nasdaq Index increased by 1.77%, closing at 20034.89 points.

On December 10th, the Nasdaq Golden Dragon China Index dropped by 4.34%.

In terms of popular Chinese stocks, TSMC rose by 1.39%, NetEase increased by 0.44%, Baidu went up by 0.18%, JD.com fell by 3.43%, XPeng Motors declined by 2.74%, NIO decreased by 1.99%, Bilibili dropped by 1.84%, Pinduoduo fell by 1.02%, and Alibaba decreased by 0.91%.

In the category of continuously rising Chinese stocks, Youpin Car increased by 3.89% over a span of 9 consecutive days, with an overall rise of 21.43% during the period. Meiwuwu Technology saw a rise of 0.70% over 6 consecutive days, accumulating a 36.81% increase during this time. NetEase Youdao rose by 2.15% over 5 consecutive days, achieving a total increase of 16.06%. Zhihu Group increased by 1.72% over 4 days, with a cumulative rise of 16.31%. Canadian Solar increased by 1.03% over 4 days, achieving an overall rise of 11.52%. Connect Biopharma increased by 7.89% over 4 days, accumulating a 23.00% increase. Haitan Network rose by 7.91% over 4 days, with a total increase of 18.11%. Metaverse Holdings saw an increase of 16.46% over 4 consecutive days, with a cumulative rise of 44.50%. Nongmi Liangpin increased by 0.49% over 4 consecutive days, achieving a total rise of 9.14%.

In the category of continuously declining Chinese stocks, MicroAlgo fell by 10.70% over 7 consecutive days, with a total decline of 41.72% during the period. Huibao saw a decline of 6.71% over 7 days, with a cumulative decrease of 31.86%. Lotus Technology fell by 2.73% over 6 days, accumulating a total decline of 17.02%. TH International declined by 6.83% over 6 days, with a total decrease of 22.96%. Nenglink Smart Electric fell by 5.06% over 6 days, with a cumulative decline of 22.68%.

Chinese Stock News
Shanshan Co. and XPeng Motors Join Forces: Ushering in a New Era of Low-Altitude Economy
Recently, Shanshan Group's subsidiary, Junsun Quanying, announced that it has successfully secured the production rights for XPeng's HT Aero flying car project, with mass production expected to begin in October 2025. This milestone collaboration not only broadens Shanshan Group's business scope but also marks a breakthrough in the flying car industry for the company.

Alibaba Cloud to Build New Data Centers in Five Overseas Countries
On December 11th, Yuan Qian, President of Alibaba Cloud Intelligence International, revealed that over the next three years, Alibaba Cloud will invest in building new data centers in five countries globally, namely South Korea, Malaysia, the Philippines, Thailand, and Mexico. Additionally, it plans to further enhance localized services and ecosystem construction. Currently, Alibaba Cloud operates 85 availability zones across 28 regions worldwide, covering mainland China, Hong Kong, Southeast Asia, Japan and South Korea, the Middle East, and Europe and America.

Taobao Responds to Netizens About Winning a BMW Motorcycle for 12 Yuan: Not a Scam, Just Really Lucky
Recently, during Taobao's Double 12 treasure hunt event, a young woman from Shaanxi, born in 1992, drew a limited edition BMW motorcycle for just 12.12 yuan. Upon being interviewed, the woman expressed disbelief, thinking it might be a model or a scam, and was concerned due to not having a driving license. Taobao responded, "It's not a scam, you really got lucky," and offered to sponsor all costs for obtaining a driving license and the delivery of the motorcycle to her home, ensuring she can hit the road safely after getting her license.

XPeng Motors: XPeng P7+ Achieves 10,000 Deliveries Within Four Weeks of Launch
XPeng Motors announced that within four weeks of launch, 10,000 units of the XPeng P7+ have been officially delivered.

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