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

On August 5th (Tuesday) Eastern Time, the three major U.S. stock indexes collectively closed lower. The S&P 500 index fell 0.49% to 6299.19 points; the Dow Jones index fell 0.14% to 44111.74 points; the Nasdaq index fell 0.65% to 20916.55 points.

On August 5th, the Nasdaq China Golden Dragon Index fell 0.56%.

Regarding popular Chinese concept stocks, XPeng Motors rose 2.31%, Bilibili rose 2.07%, NetEase rose 0.78%, Pinduoduo rose 0.52%, TSMC fell 2.75%, NIO fell 2.07%, Baidu fell 2.03%, JD.com fell 0.89%, Alibaba fell 0.39%.

For consistently rising Chinese concept stocks, the latest price change percentages and the number of consecutive rising days are as follows: Star Fashion rose 1.83% over 6 days with a cumulative increase of 22.65%; Haiten Network rose 1.04% over 6 days with a cumulative increase of 15.32%; Viomi Technology rose 6.59% over 5 days with a cumulative increase of 24.00%; Yuehang Sunshine rose 22.37% over 5 days with a cumulative increase of 111.02%; Wanban Technology rose 0.53% over 5 days with no cumulative change.

For consistently falling Chinese concept stocks, the latest price change percentages and the number of consecutive falling days are as follows: KE Holdings fell 1.73% over 8 days with a cumulative decrease of 11.09%; Huipsen Pharmaceutical fell 2.50% over 7 days with a cumulative decrease of 17.46%; Zhuwen Group fell 0.13% over 6 days with a cumulative decrease of 6.24%; Tianrui Xiang fell 1.55% over 6 days with a cumulative decrease of 11.22%; Mais Intelligent Engine fell 0.30% over 6 days with a cumulative decrease of 13.45%; Xinyuan Real Estate fell 3.06% over 6 days with a cumulative decrease of 15.44%.

Fosun Tourism and Alibaba Cloud have reached a full-stack AI cooperation, aiming to develop a smart entity in the cultural tourism industry based on Tongyi Qianwen 3 models. The smart entity, AI G.O, is expected to be piloted at Sanya Atlantis under the company.

Li Xiang, CEO of Li Auto, revealed that more than 30,000 users have made small reservations for the Li Auto i8. The i8 will unify its configuration to the MAX version due to user demand, with a final price set at 339,800 yuan.

In the first half of 2025, XPeng Motors ranked among the top six global electric vehicle brands in terms of pure electric vehicle sales, with over 190,000 units sold globally.

Alibaba began its 2026 autumn recruitment, focusing heavily on AI-related positions, which account for over 60% of the total offerings.

Several media sources reported that Hema member stores will fully shut down due to changes in business strategy. This closure is part of Hema's focus on its core formats, Hema Fresh and Hema NB.

A major outage affected several NetEase games, making them inaccessible. The cause is believed to be internal server issues, and efforts are underway to resolve them.

Taobao plans to launch a new membership system integrating resources like Ele.me, Fliggy, and Hema, offering comprehensive shopping, dining, travel, and entertainment benefits.

NIO announced that its L90 model delivered 1,976 units in just three days, ranking among the top three weekly sales.

NetEase responded to login issues with its games, stating that temporary technical faults are being urgently addressed.

Li Auto announced a configuration simplification for the i8 model, with the MAX version as the standard, reducing the price from 349,800 yuan to 339,800 yuan.

Alibaba's autumn recruitment for 2026 has commenced, offering over 7,000 positions, with AI-related roles making up a significant portion.

A spokesperson for Hema clarified that the closure of Hema X member stores is a deliberate business adjustment.

JD.com plans to open five discount supermarkets in Suqian, Jiangsu, and Zhuozhou, Hebei, offering high value-for-money products.

JD.com announced a strategic investment in embodiment intelligence company "Pasini," marking its sixth investment in this field within three months.

JD Coinchain is preparing to apply for a stablecoin license, dismissing rumors and misinformation.

Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT will be listed on August 8th.

Baidu plans to enhance its AI talent development program, aiming to train 10 million AI professionals over the next five years.