Chinese Concept Stocks | Nasdaq Golden Dragon Index Falls 2.34% Amid Mixed Performance of Popular Stocks
4min read On May 7th, Eastern Time (Wednesday), the three major U.S. stock indexes collectively closed higher. The S&P 500 index rose by 0.43%, closing at 5,631.28 points; the Dow Jones index increased by 0.70%, closing at 41,113.97 points; and the Nasdaq index rose by 0.27%, closing at 17,738.16 points.
On May 7th, the Nasdaq Golden Dragon China Index fell by 2.34%.
Among popular Chinese concept stocks, TSMC increased by 1.29%, Baidu decreased by 4.97%, Bilibili fell by 3.83%, Alibaba dropped by 3.50%, XPeng Motors declined by 2.91%, NetEase fell by 2.29%, NIO decreased by 2.17%, Pinduoduo dropped by 1.73%, and JD.com fell by 0.71%.
In the rising Chinese concept stocks, Future Vision increased by 0.10% over 15 consecutive days with a cumulative increase of 0.49%, Baozun E-commerce rose by 6.84% over 8 consecutive days with a cumulative increase of 37.82%, Li Auto increased by 2.38% over 6 consecutive days with a cumulative increase of 8.77%, HaoXi Health rose by 19.60% over 6 consecutive days with a cumulative increase of 38.43%, Trip.com increased by 1.47% over 5 consecutive days with a cumulative increase of 5.31%, and Rongye Foods rose by 4.63% over 5 consecutive days with a cumulative increase of 23.67%. Eureka Acquisition increased by 0.10% over 5 consecutive days with a cumulative increase of 0.77%, Allied Forces rose by 6.88% over 5 consecutive days with a cumulative increase of 23.26%, Zhengkang International increased by 6.36% over 5 consecutive days with a cumulative increase of 12.10%, Juhao Mall rose by 7.49% over 5 consecutive days with a cumulative increase of 17.54%, and Jin Xuan Group increased by 0.83% over 5 consecutive days with a cumulative increase of 2.11%.
In the declining Chinese concept stocks, MicroAlgo fell by 30.68% over 12 consecutive days with a cumulative decrease of 79.43%, Canaan Technology decreased by 0.13% over 8 consecutive days with a cumulative decrease of 28.07%, eFamily Fast Service fell by 13.24% over 8 consecutive days with a cumulative decrease of 92.48%, Sound Group decreased by 3.54% over 7 consecutive days with a cumulative decrease of 46.56%, Inlife fell by 0.88% over 5 consecutive days with a cumulative decrease of 9.60%, Shanghai Life Sciences decreased by 6.51% over 5 consecutive days with a cumulative decrease of 27.52%, and Meiwu Technology fell by 1.93% over 5 consecutive days with a cumulative decrease of 20.70%.
In Chinese concept stock news, Li Xiang, CEO of Li Auto, discussed Tesla's FSD: The fundamentals are very solid. Li Auto's official WeChat account published an interview transcript with its CEO and Chairman, Li Xiang. In the interview, Li Xiang mentioned that from the actual test, they are likely using a model before version 12.5, which still has a significant gap compared to Tesla's real capabilities. Tesla's capabilities after version 13 are still very strong, and before 12.5, it should be the capability of this semi-regular algorithm. So I said it does not reflect Tesla's real capabilities, but we can see Tesla's fundamentals are very solid.
Li Auto responded to Chairman Li Xiang's rumored 639 million yuan annual salary: The statement is inaccurate. On May 7th, Li Auto responded by saying that the claim that the company's founder, chairman, and CEO Li Xiang's pre-tax salary in 2024 would reach 639 million yuan is inaccurate. Recently, market rumors that Li Xiang would receive a 639 million yuan "sky-high salary" from Li Auto in 2024 attracted widespread attention. According to the annual report, Li Xiang's pre-tax salary from Li Auto in 2024 consists of three parts: a salary, allowance, and benefits of 2.665 million yuan, a retirement plan contribution of 160,000 yuan, and a share-based payment compensation expense of 636 million yuan.
Pangdonglai collaborates with JD.com, and the new project will be operational in June this year. It is reported that the first Henan supply chain industrial base jointly built by Pangdonglai Commercial Group and JD Logistics Group - JD Logistics (Xuchang) Supply Chain Industrial Base Project will be fully operational in June this year. The project leader stated that once put into production, the project can achieve an annual output value of approximately 2.5 billion yuan and a tax of 50 million yuan. The project covers an area of 135 acres, with a planned total investment of 1.25 billion yuan and a total construction area of 185,000 square meters. It mainly consists of two online operation centers (including areas such as temporary storage area for picking vehicles, split replenishment area, hot-selling product replenishment area, etc.), nine Pangdonglai industrial chain product processing workshops, one business office building, and a large truck logistics turnover and parking area.
BeiGene: Net loss of 94.503 million yuan in the first quarter of 2025. BeiGene announced that in the first quarter of 2025, it achieved a total operating revenue of 8.048 billion yuan, a year-on-year increase of 50.2%; product revenue of 7.985 billion yuan, a year-on-year increase of 49.9%; an operating profit of 151 million yuan, compared to a loss of 1.83 billion yuan in the same period last year; a net loss attributable to shareholders of the company of 94.503 million yuan, compared to a loss of 1.908 billion yuan in the same period last year. The growth in product revenue was mainly driven by the sales growth of self-developed products Baizeze and Bezean.
Xpeng Huitian responded to "listing in Hong Kong or the United States": There is currently no specific information that can be disclosed. Today, it was reported that Xpeng Motors is considering the initial public offering (IPO) of its flying car subsidiary, Xpeng Huitian, and has invited multiple banks to bid for roles in the IPO, which may take place in Hong Kong or the United States. In response, Xpeng Huitian stated that there is currently no specific information that can be disclosed.
Taobao Tmall and Xiaohongshu reached a strategic cooperation to connect the entire chain from planting to purchase. On May 7th, Taobao Tmall and Xiaohongshu signed a strategic cooperation to create the "Red Cat Plan," announcing further openness and integration between the two parties to connect the entire chain from planting to purchase and jointly promote business growth for merchants. Brand merchants can not only observe the full-chain delivery effect from planting to conversion and improve delivery efficiency, but Taobao Tmall will also increase investment to heat up and deliver traffic for merchants' planting notes, enhancing consumer interaction. At the same time, the two parties will open the effect advertising chain for the first time, jointly adding the "advertising link" function below the notes. For brands that join the pilot in the early stage, the content placed on Xiaohongshu can directly jump to Taobao Tmall.
JD.com 618 will officially start on May 31st. JD.com announced today that the JD.com 618 will officially start at 8 p.m. on May 31st.
JD.com 618 schedule confirmed: opening on May 31st. JD.com officially announced today that the JD.com 618 will officially start at 8 p.m. on May 31st. The official stated that this year's 618 will include national subsidies, takeaway hundreds of supplements, billion agricultural supplements, and factory goods hundreds of supplements, and will also introduce six surprise days. Previously, the JD Supermarket 618 Promotion Merchants Conference was held, where the promotion rhythm, product strategy, short video and live streaming strategy, and user gameplay were announced. From the overall rhythm, the JD Supermarket 618 will start in mid-to-late May, with the exciting shopping season phase from mid-to-late May to 8 p.m. on May 31st, officially entering the 618 opening red stage, and the event will continue until June 20th.
