Chinese Concept Stocks | Nasdaq Golden Dragon Index Falls 3.14% Amid Mixed Performance of Chinese Stocks

On January 13th (Monday) Eastern Time, the major US stock indices showed mixed performance. The S&P 500 index rose by 0.16% to close at 5,836.22 points; the Dow Jones index increased by 0.86% to 42,297.12 points; while the Nasdaq index fell by 0.38% to 19,088.10 points.

On January 10th, the Nasdaq Golden Dragon China Index dropped by 3.14%.

Among popular Chinese stocks, NetEase rose by 3.45%, Pinduoduo increased by 1.37%, Baidu went up by 0.94%, JD.com rose 0.88%, Bilibili increased by 0.81%, Alibaba went up by 0.05%, XPeng Motors fell by 3.31%, TSMC dropped 3.31%, and NIO decreased by 2.52%.

Companies with consecutive gains include: Wangban Technology with a recent change of 4.14% over 9 consecutive days for a total gain of 25.86%; Baird Medical with a 25.40% increase over 6 days for a total gain of 116.99%; Jiayin Technology with a 1.43% rise over 5 days for a total of 8.73%; Xinye Technology with a 0.15% increase over 4 days for a total of 2.58%; Xiang Song International with a 4.52% gain over 4 days for a total of 14.43%; OneConnect Financial Technology with a 0.39% increase over 4 days for a total of 2.41%; Atif Holdings with a 14.63% rise over 4 days for a total of 53.38%; and Green Planet Group with a 0.38% increase over 4 days for a total of 3.13%.

Companies with consecutive declines include: DouYu with a recent change of -0.85% over 10 consecutive days for a total decline of -10.73%; MicroAlgo with a -5.85% decrease over 8 days for a total decline of -52.58%; Mindong Red Group with a -7.10% drop over 6 days for a total decline of -33.64%; BTC Digital with a -2.91% decrease over 6 days for a total decline of -26.47%; and Future Intelligence with a -20.63% decrease over 6 days for a total decline of -70.43%.

Li Auto: A total of eight Li Auto super charging stations were put into operation from January 6th to 12th
Li Auto announced that from January 6th to 12th, a total of eight Li Auto super charging stations were put into operation, located in Guangdong Province, Shandong Province, Anhui Province, Chongqing City, Jiangxi Province, and Gansu Province.

iQIYI to launch IP joint development with Hongguo Short Drama
iQIYI and Hongguo Short Drama announced that they will start IP joint development, co-production, and content authorization, aiming to launch more high-quality micro-short dramas.

Dingdong Maicai: Sales of New Year goods enter a booming period, expecting over 20% growth in Spring Festival consumption
Currently, the consumption of New Year goods on the Dingdong Maicai platform has entered a booming period, with a high enthusiasm for stocking up on New Year goods, and sales continuing to rise. The platform expects the overall sales during the Spring Festival period to grow by 20% compared to last year.

Suteng Juchuang and Hesai launch new lidar products, Changguang Huaxin responds: Continuous small batch supply
Laser chip company Changguang Huaxin opened high and closed with a price limit. West Securities Electronics Team pointed out that new lidar products launched by Suteng Juchuang and Hesai show promise in the robotics field. In response, Changguang Huaxin stated that it has been continuously supplying Suteng and Hesai in small batches. Regarding the question of whether the volume will increase next year, personnel stated that market conditions need to be observed, as mainstream manufacturers have not fully adopted lidar, and the penetration rate of new energy vehicles is average. Apart from Huawei, other manufacturers have not fully followed. It is worth noting that Changguang Huaxin also mentioned that the company's single-wavelength 100Gbps electro-absorption modulator laser diode (EML) chip is a core component of the 400G/800G supercomputing data center interconnect optical module. When asked if they supply domestic optical module companies, the personnel said they are still in contact, with many in the early stages of cooperation discussions, and some have small batch supply.

JD Group Vice President Li Bo: JD Pay will invest 1 billion yuan in marketing expenses by 2025
Recently, the JD Supply Chain Finance Technology Industrial Manufacturing Conference was held in Beijing. At the conference, JD Group Vice President Li Bo stated that JD Baitiao, as the main product of consumer finance, has linked more than 2 million merchants and 250 million consumers since its launch in 2014. JD Pay effectively helps companies reduce capital costs and increase merchants' sales. By 2025, JD Pay aims to achieve lower fees than the industry and will invest 1 billion yuan in marketing expenses.

TSMC has begun producing advanced 4nm chips at its Arizona plant in the United States
It is reported that TSMC, a major supplier to tech giants like Apple and Nvidia, has begun producing advanced 4nm chips at its plant in Arizona, USA. This marks the first time TSMC has initiated large-scale production of advanced chips in the United States. US Commerce Secretary Gina Raimondo stated, "This is a significant breakthrough, unprecedented. Many thought it was impossible." TSMC, a major supplier to companies like Apple, Nvidia, and AMD, is a primary beneficiary of the global artificial intelligence boom. In 2024, TSMC's US stock rose by nearly 90%, with its market value surpassing $1 trillion for the first time. Recently, TSMC disclosed that its revenue in December 2024 increased by 57.8% year-on-year and by 0.8% month-on-month. The revenue for the fourth quarter of 2024 grew by 38.8% year-on-year, exceeding market expectations, which boosted investors' hopes that the AI boom will continue into 2025.