Chinese Concept Stocks | Nasdaq Golden Dragon Index Falls as Baidu and Nio Shares Dip

On July 16th, Eastern Time (Wednesday), the three major U.S. stock indices closed higher collectively. The S&P 500 index rose 0.32% to 6263.70 points; the Dow Jones index increased by 0.53% to 44254.78 points; the Nasdaq index gained 0.25% to 20730.49 points.

On July 16th, the Nasdaq China Golden Dragon Index fell by 1.41%.

Regarding popular Chinese concept stocks, Bilibili rose by 1.25%, TSMC increased by 0.27%, Pinduoduo gained 0.07%, Xpeng Motors remained unchanged, Baidu fell by 7.48%, NIO dropped by 3.29%, JD.com decreased by 1.25%, Alibaba declined by 1.04%, and NetEase fell by 0.39%.

Companies experiencing consecutive gains include Li Auto with a recent increase of 1.69% over 8 consecutive days, resulting in a cumulative increase of 13.32%. Green Planet USA increased by 14.96% over 8 days, with a cumulative gain of 76.97%. Huya rose by 5.15% over 7 days, totaling a gain of 25.93%. Curriculum Technology saw an increase of 22.84% over 7 days, totaling 49.16%. Suntech Institute gained 19.03% over 6 days, totaling 133.28%, and Microbus increased by 0.97% over 6 days, totaling 31.45%.

Companies experiencing consecutive declines include Taoping with a recent decrease of 0.11% over 6 days, totaling a loss of 11.42%. Oriental Culture decreased by 7.14% over 5 days, totaling a loss of 17.46%. Bawang Cha Ji fell by 0.75% over 4 days, totaling a loss of 7.32%. Xiaoyu Technology dropped by 1.45% over 4 days, totaling 7.99%. Zhengye Biology declined by 2.70% over 4 days, totaling 19.25%. Mingzhu Freight dropped by 0.80% over 4 days, totaling 9.97%. Jinsheng Amusement decreased by 1.69% over 4 days, totaling 14.71%. Sanyi Technology fell by 6.06% over 4 days, totaling 42.06%. Meihua International decreased by 1.14% over 4 days, totaling 10.37%. Nengchain Smart Power fell by 0.02% over 4 days, totaling 33.47%.

Ukrainian Armed Forces Commander-in-Chief disclosed through social media that he completed his first call with NATO's newly appointed Supreme Allied Commander Europe. He stated that during the call, both the U.S. and NATO committed to providing steadfast support to Ukraine. He particularly mentioned that following the recent announcement by U.S. President Trump and NATO Secretary-General Rutte regarding a new batch of weapons for Ukraine, cooperation between Ukraine, NATO, and the U.S. will enter a new stage in the coming months.

Wang Puzhong, CEO of Meituan's core local commerce segment, commented on whether Meituan's food delivery profit margin has become higher this year compared to previous years. He stated that it definitely has not. Last year, it was around 4%, with very little fluctuation. The growth in total profit mainly comes from scale growth, as they do not pursue profit margin because the industry has thin profitability. He mentioned that the thin profitability of the delivery model is reflected in the low profit per order, just a bit more than a dollar, and a single coffee can offset that. Therefore, the interests of merchants, riders, platforms, and users need to find a clever balance to satisfy all parties, which is very difficult. He emphasized that the industry's thin profitability cannot be approached with overly idealistic or simplistic methods. Liu Qiangdong previously said their food delivery only aimed to make 5%, but no one has ever achieved 5% in the food delivery sector. Zhang Xuhao publicly stated in 2018, after selling Ele.me to Alibaba, that the delivery model would never be profitable, which is why he sold it.

Wang Puzhong discussed the recent 50 billion subsidy by Taobao Flash Sale and its impact on Meituan. He mentioned that it is irrational competition, thinking that 50 billion would intimidate them into not following because top companies in the e-commerce industry are very profitable. Moreover, they set an aggressive goal to surpass them in order volume. But they will soon realize that not only can they keep up, but they also use far fewer resources than Taobao. He mentioned, "We did not spend 800 million; our actual investment is far less than Alibaba's."

FMC Media recently partnered with Alipay to create a new ecosystem in elevator scenarios with a "tap to grab a red envelope" model. Based on FMC's extensive elevator scene coverage of over 300,000 points and 400 million urban mainstream consumers in China, this initiative is being promoted in more than 20 cities, including Beijing, Shanghai, Guangzhou, and Shenzhen. Consumers can tap their phones on a blue circle using Alipay to receive cash red envelopes or platform and brand discount coupons. Alipay and Taobao will invest a substantial amount of cash red envelopes and platform coupons for this project. Strict security measures are in place, requiring 'active unlocking + about 1 cm proximity' to trigger the red envelope. The "tap" in the elevator is not a payment tool and only supports receiving red envelopes and coupons, reducing the risk of fund theft from the source.

Xpeng Huitian recently completed a $250 million Series B financing round, which will be used to ensure the smooth progress of Xpeng Huitian's flying car research, mass production, and commercialization. The "land aircraft carrier" is an innovative split flying car that has received over 4,000 pre-orders since its release. Last October, Xpeng Huitian broke ground on its flying car factory in Guangzhou Development Zone, Huangpu District, to produce the flying component of the "land aircraft carrier." The mass production factory has now topped out, and equipment debugging is underway, with plans to complete construction in the fourth quarter of 2025 and achieve mass delivery in 2026.

According to an internal speech record, Xpeng Motors founder He Xiaopeng stated that the company's recruitment plan for this year has been raised from 6,000 to 8,000 people, with the employee count expected to approach 30,000 by the end of the year. He emphasized the importance of focusing on graduates, especially outstanding undergraduates, and the campus recruitment will focus on fields such as intelligent driving and artificial intelligence models. The "Explorer Program" will continue to cultivate young talents within the organization, helping more young employees grow and develop internally. Xpeng Motors recently announced the launch of its largest-ever AI talent recruitment for the class of 2026.

JD.com's bulletin board announced that by the end of the second quarter, JD Food Delivery had over 150,000 full-time riders, and JD.com invested 2 billion to upgrade the benefits for full-time riders. In addition to the five insurances and one fund, monthly heat and cold allowances will be provided during summer and winter seasons, and 150,000 two-wheelers will be offered. Riders who purchase a new vehicle and complete 3,000 orders within 90 days will receive a purchase rebate from the platform. The initial phase of the initiative will start in Beijing, Nanjing, and Changsha, and will gradually expand nationwide.