Chinese Concept Stocks | Nasdaq Golden Dragon Index Falls 2.72% Amid Chinese Tech Stock Decline
3min read On April 16th Eastern Time (Wednesday), all three major U.S. stock indices fell by more than 1%. The S&P 500 Index dropped by 2.24%, closing at 5,275.70 points; the Dow Jones Index fell by 1.73%, closing at 39,669.39 points; and the Nasdaq Index decreased by 3.07%, closing at 16,307.16 points.
On April 16th, the Nasdaq Golden Dragon China Index declined by 2.72%.
Among popular Chinese concept stocks, JD.com fell by 5.64%, XPeng Motors by 5.58%, Alibaba by 4.93%, TSMC by 3.58%, Bilibili by 3.52%, NIO by 2.62%, Baidu by 2.43%, Pinduoduo by 1.83%, and NetEase by 0.63%.
Chinese concept stocks on the rise include Wangban Technology with a 6.12% increase over 7 consecutive days, accumulating a 10.45% increase over the period. Yuehang Sunshine rose by 3.63% over 6 days, with a 60.00% increase. GreenTree Hospitality increased by 0.23% over 5 days, with a 3.78% increase. Tiger Technology rose by 20.33% over 5 days, with a 44.04% increase. Tims Tianhao increased by 1.55% over 5 days, with a 20.18% increase. Eureka Acquisition rose by 0.10% over 5 days, with a 0.39% increase. Raytheon Electronics increased by 3.03% over 5 days, with a 40.44% increase. Three Easy Technology rose by 2.03% over 5 days, with an 11.39% increase. Smart Powerr increased by 0.80% over 5 days, with a 23.98% increase.
Chinese concept stocks on the decline include 21Vianet with a 12.06% decrease over 5 consecutive days, accumulating a 19.66% decrease over the period. Sky Solar fell by 7.69% over 5 days, with a 20.50% decrease. Global Mofy declined by 3.77% over 5 days, with a 34.30% decrease. Meitu Technology fell by 19.23% over 5 days, with a 35.10% decrease. Haitong Securities decreased by 1.02% over 4 days, with a 2.90% decrease. Pop Culture fell by 5.53% over 4 days, with an 8.56% decrease. Baosheng declined by 11.88% over 4 days, with a 27.94% decrease.
JD.com Responds to "JD Waimai Crashed": Traffic Was Four Times the Usual, Issued 100,000 Apology Coupons
On April 16th, multiple users reported that the JD Waimai page could not display product information, showing a "network request failed" message. The topic "JD Waimai Crashed" quickly became a hot search on Weibo, with many netizens posting screenshots of the page error. JD.com responded that due to the overwhelming popularity of the billion yuan subsidy event at noon, traffic on JD Waimai reached four times the usual volume, causing a brief system anomaly of less than 20 minutes, affecting order placements. The issue has been promptly fixed, and services have fully resumed. To express apologies, JD.com announced an additional issuance of 100,000 "spend 15, save 10" billion yuan subsidy coupons. Users can search for "takeout meal" on the JD App to claim them.
TaoBao Reaches Second Place on U.S. App Download Chart
In the app download market across several countries and regions overseas, TaoBao's popularity has surged, with a dramatic increase in downloads. Open data shows that as of April 16th, TaoBao has risen to second place on the U.S. App download chart and also climbed to second place in Canada and the UK, while ranking first in the French market, with downloads significantly increasing compared to before the tariff turmoil.
JD.com Launches New Product Growth "Hundred Billion" Plan to Create New Product Marketing Platform
On April 15th, the 2025 JD New Product Annual Ceremony was held in Beijing, officially launching the JD New Product Growth "Hundred Billion" Plan. This plan aims to increase traffic and funding by hundreds of billions in 2025, with comprehensive upgrades in marketing and digital capabilities, achieving annual sales of over one million for 60,000 new products, over ten million for 6,000 new products, and over one billion for 600 new products.
He Xiaopeng: XPeng Motors Aims to Establish a Differentiated Position in the Global Market
XPeng Motors Chairman He Xiaopeng revealed in an interview with global media that when XPeng Motors first entered the global market five years ago, it aimed to enter with higher models, technology, and services and a differentiated positioning. Next, more Chinese intelligent car products, including our services, will be seen globally. He Xiaopeng believes that XPeng's global market layout includes R&D, manufacturing, and deep localization, which is overall very stable. "We hope to proceed slowly and steadily," He Xiaopeng disclosed, adding that XPeng Motors will continue its global market layout with technological and differentiated product positioning and a mid-to-high-end brand.
Alibaba to Showcase AIStack Integrated Machine for the First Time
Alibaba Group, as a leading global cloud computing and artificial intelligence technology company, is showcasing at the 8th Digital China Summit Experience Zone with its subsidiaries Alibaba Cloud, T-Head, DAMO Academy, DingTalk, and 1688. At this summit, Alibaba Cloud will showcase AIStack for the first time. This is a lightweight, cost-effective, software-hardware integrated AI solution for enterprise customers, already serving several units in government, energy, and medical fields. The experience zone at this summit will be open from April 28th to May 4th at the Fuzhou Strait International Conference and Exhibition Center, covering an exhibition area of 56,000 square meters.
XPeng Motors: New Production Base in Wuhan is Completed, Awaiting Completion Inspection
In the 2024 annual report, XPeng Motors disclosed that the company owns land use rights for a site over 1 million square meters in Wuhan, Hubei Province, which will expire in 2072 or later. The company began constructing a new manufacturing base on this land in July 2021. As of March 31, 2025, the construction of the new Wuhan production base is completed, awaiting completion inspection procedures from relevant government departments. The group has mortgaged several production buildings at its Guangzhou and Zhaoqing plants and the land use rights and equipment of the Wuhan base and its Guangzhou XPeng Technology Park for long-term bank loans. The total assessed value of these assets is RMB 5.36 billion.
