Chinese Concept Stocks | Nasdaq Golden Dragon Index Gains 3.69% Amid Chinese Tech Surge

On April 22nd, Eastern Time (Tuesday), the three major U.S. stock indices surged across the board. The S&P 500 Index rose 2.51% to 5287.76 points; the Dow Jones Index increased 2.66% to 39186.98 points; and the Nasdaq Index climbed 2.71% to 16300.42 points.

On April 22nd, the Nasdaq Golden Dragon China Index rose 3.69%.

Regarding popular Chinese concept stocks, Alibaba increased by 5.23%, XPeng Motors rose 4.78%, Pinduoduo gained 4.22%, NIO climbed 4.03%, Bilibili increased by 3.15%, Baidu rose 2.51%, TSMC increased by 2.48%, NetEase rose 2.44%, and JD.com fell by 1.15%.

For Chinese stocks with consecutive gains, Wangban Technology rose 1.24% for 13 consecutive days with a cumulative increase of 13.33%. DayDayCook increased by 11.35% for 11 consecutive days with a cumulative increase of 2337.87%. Smart Power rose 2.79% for 8 consecutive days with a cumulative increase of 33.98%. JinkoSolar increased by 2.81% for 7 consecutive days with a cumulative increase of 21.18%. Zhongchi Chufule rose 2.51% for 7 consecutive days with a cumulative increase of 16.85%. Cansino Bio increased by 1.49% for 7 consecutive days with a cumulative increase of 24.77%. Four Seasons Education rose 5.75% for 7 consecutive days with a cumulative increase of 22.85%.

For Chinese stocks with consecutive declines, JD.com fell by 1.15% for 5 consecutive days with a cumulative decrease of 11.81%. Pony.ai dropped 0.48% for 5 consecutive days with a cumulative decrease of 22.68%. YouKuLink fell by 11.29% for 5 consecutive days with a cumulative decrease of 14.42%. HaoXin Holdings decreased by 0.57% for 5 consecutive days with a cumulative decrease of 56.25%. JiaYuDa dropped 48.22% for 5 consecutive days with a cumulative decrease of 74.31%.

Baidu released the AI White Paper and Action Plan on April 22, focusing on the generative AI patent layout. The white paper introduces Baidu's existing achievements in the field of artificial intelligence patents in aspects such as AI large models, software frameworks, AI agents, generative search, intelligent documents, autonomous driving, smart finance, and industry. In the context of the booming development of the generative AI industry, its patent layout is attracting attention. "Currently, the development of artificial intelligence large models is still in its early stages, with rapid technological development, which is not only a time of technological breakthroughs but also a crucial window period for patent strategic layout," said Baidu's General Manager of the Patent Affairs Department, Cui Lingling, in an interview.

The China Institute of Electronics recently officially awarded the "2024 China Institute of Electronics Science and Technology Award." The project "Key Technologies and Applications of Performance-Predictable Large-Scale Data Center Networks" jointly submitted by Alibaba Cloud, Tsinghua University, and China Mobile (Suzhou) Software Technology Co., Ltd. won the first prize of the China Institute of Electronics Technology Invention Award. The core invention of the project made "predictable" innovations in network performance concerning bandwidth, latency, and fault recovery, achieving breakthroughs from "unsecured" to "strictly secured" high bandwidth for users; from "unbounded latency" to "bounded latency" in burst traffic control effects; and from "second-level recovery" to "millisecond-level recovery" in traffic recovery time effects. Alibaba Cloud Intelligent R&D Vice President Cai Dezhong stated that in the AI era, services such as intelligent computing power and high-performance storage will have very high requirements for network bandwidth and latency, requiring the development of "subway" capabilities to replace taxis.

China Galaxy Securities' wholly-owned subsidiary, China Galaxy International Holdings Co., Ltd., recently signed a memorandum of cooperation with Alibaba Cloud. The two sides will work together to promote the innovative application of AI technology in the Hong Kong financial industry and assist in the AI upgrade of the Hong Kong International Financial Center.

Bright Scholar announced that its net profit for the first quarter of 2025 was 40.3027 million yuan, an increase of 14.42% year-on-year. Revenue for the first quarter of 2025 was 348 million yuan, an increase of 40.28% year-on-year.

NetEase Games issued a notice restricting the playtime for minors during the Labor Day holiday. From May 1st to May 5th and May 9th to 11th, minors can play games from 8 PM to 9 PM each day, totaling up to 8 hours. Minors cannot play games on April 27th to 30th and May 6th to 8th.

The China Music Copyright Association announced that on April 18, 2025, it signed a strategic cooperation memorandum with Tencent Music Entertainment Group. The two sides will discuss deepening cooperation around the "consolidation and improvement of the music works authorization mechanism" and "exploration of new models for converting music industry value," working together to maintain the order of digital music copyright.

On April 22, the "JD Blackboard" WeChat public account released JD.com's related answers regarding joining JD.com as a full-time delivery rider. JD.com stated that after downloading the "Dada Express Rider" app and finding the entrance to "join as a full-time rider" to enter the registration page and fill out the questionnaire, staff will contact applicants by phone after the initial review. JD.com reminded, "Due to the recent surge in applications, the review is expected to take about a week, please keep your phone accessible and be patient."

The Alipay Open Platform issued a statement today, stating that it recently discovered some service providers impersonating the official name of the Alipay Life account to expand business and commercial cooperation, including but not limited to: impersonating Alipay Life account staff to introduce influencers with promises of high fees, and impersonating platform identity to place orders and connect with influencers through violations, seriously affecting the normal business operations of the Alipay Life account.

Chinese Foreign Ministry Spokesperson Guo Jiakun hosted a regular press conference on April 22. Guo Jiakun stated that China and Myanmar are traditionally friendly neighbors, and maintaining peace and stability in the northern region of Myanmar is in the fundamental interests of both countries and their people. China respects Myanmar's national sovereignty and territorial integrity and, based on the willingness and demands of relevant parties in Myanmar, actively assists Myanmar in advancing the peace process in northern Myanmar. At the joint invitation of both parties, China recently sent a ceasefire monitoring group to Lashio, Myanmar, to supervise the ceasefire between the Myanmar army and the Kokang Allied Forces and to witness the smooth handover of Lashio City. Guo Jiakun pointed out that both parties appreciate and thank China for its constructive role in maintaining peace and stability in northern Myanmar. China will continue to advance the Kunming peace talks process and work with all parties in Myanmar to maintain peace and stability along the China-Myanmar border.

On April 22, Shanghai Jiao Tong University School of Medicine affiliated Renji Hospital announced its latest progress in AI healthcare cooperation with Ant Group. The two sides have created the first nationwide urology specialty intelligent body, using standardized case data sets covering 97.6% of the disease spectrum at Renji Hospital and scenario disease knowledge graphs written by over 20 specialized doctors, combining the logic of diagnosis and treatment in top-tier hospitals with AI technology.

According to China New Finance and Economics, during the lunchtime peak on the 22nd, many users on social platforms reported that "JD.com Takeout crashed," with some users saying that orders placed for a long time were not accepted by merchants, who claimed over the phone that "there were no orders shown in the background." JD.com's official customer service confirmed on the 22nd that the system indeed experienced an anomaly, causing some merchants to be unable to accept orders, and it is currently being urgently addressed. Regarding when it will be restored, the customer service stated, "There is currently no specific time frame provided; an emergency team has intervened and it is gradually being restored." On April 16, "JD.com Takeout crashed" also trended on Weibo, sparking heated discussions. At that time, JD.com Takeout's official account stated that to express apologies and gratitude, an additional 100,000 "spend 15 get 10" billion-dollar subsidy coupons were issued on the same day. Concerning whether coupons will be issued this time, customer service mentioned, "Compensation can be requested for overtime, but it's unclear about coupons at this time."

On April 21, Liu Qiangdong had dinner with delivery riders and expressed his hopes for the future. He stated that "As of yesterday, JD.com has over 710,000 employees, and at the current rate of development, we will exceed 1 million in about four years. This does not include delivery riders, and we hope to have over 1 million full-time delivery riders in the future."

Today, more fund quarterly reports were released, and it was noticed that several funds managed by Yi Fangda's Zhang Kun continued to experience significant net redemptions in the first quarter, such as the Yi Fangda Blue Chip Selected Mixed Fund, which saw net redemptions exceeding 900 million shares. Additionally, due to factors like net redemptions, Zhang Kun adjusted the holdings of the top ten stocks in several funds during the first quarter, including reducing holdings of Tencent Holdings and Alibaba-W, while slightly increasing holdings of Shanxi Fenjiu and Luzhou Laojiao. Other funds also reduced holdings of Tencent Holdings and Alibaba-W.

NIO's CEO William Li stated that the company's progress in Europe is slower than expected, as they underestimated the challenges of expanding the sales and service network.