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Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 0.18% as XPeng and Bilibili Lead Gains

AInvestTuesday, Aug 13, 2024 6:32 pm ET
3min read

On August 13th (Tuesday) Eastern Time, the three major U.S. stock indices all rose by more than 1%. The S&P 500 Index rose by 1.68% to 5434.43 points; the Dow Jones Index increased by 1.04% to 39765.64 points; and the Nasdaq Index went up by 2.43% to 17187.61 points.


On August 13th, the Nasdaq Golden Dragon China Index rose by 0.18%. Among popular Chinese concept stocks, XPeng Motors rose by 5.28%, Bilibili by 3.71%, NIO by 3.46%, TSMC by 2.80%, Baidu by 1.14%, Pinduoduo by 1.09%, Alibaba by 0.26%, JD.com by 0.23%, and NetEase fell by 0.09%.


Rising Chinese Concept Stocks
Pinduoduo rose by 1.09% for six consecutive days, with an overall increase of 14.13%. Mingteng rose by 4.57% for six consecutive days, with an overall increase of 23.12%. Shine Solar Energy rose by 8.23% for six consecutive days, with an overall increase of 59.20%. Zhenkunhang rose by 1.79% for five consecutive days, with an overall increase of 8.78%. Yojia Insurance rose by 7.14% for five consecutive days, with an overall increase of 95.09%.
Falling Chinese Concept Stocks
Xiaoi Robot fell by 16.34% for five consecutive days, with an overall decrease of 40.60%. Jiuzhou Pharmacy fell by 3.06% for five consecutive days, with an overall decrease of 21.16%. Ejia Kuai Fu fell by 88.55% for five consecutive days, with an overall decrease of 90.07%. 1 Drug Network fell by 0.99% for four consecutive days, with an overall decrease of 8.26%. Origin Agritech Limited fell by 2.28% for four consecutive days, with an overall decrease of 18.23%. Bimai Pharmaceutical fell by 0.33% for four consecutive days, with an overall decrease of 14.08%. Quhuo fell by 21.05% for four consecutive days, with an overall decrease of 24.62%.
Chinese Concept Stock News

Pinduoduo Introduces Refundable Technology Service Fee
Pinduoduo will offer refundable technology service fees to merchants participating in internal resource activities. Merchants will enjoy the right to refund the technology service fee for canceled or refunded orders during the event period, as well as for refunded orders after receipt confirmation, further reducing merchants' operating costs.
He Xiaopeng Livestreams "Optical Test", Suggests Industry Compete on Energy Consumption, Not Range
On August 13th, He Xiaopeng announced a livestream challenge to personally test the energy consumption performance of the XPeng G6. In the livestream, He Xiaopeng emphasized that a larger battery does not necessarily mean longer range. He suggested that the industry should focus on energy consumption rather than range. Public data shows that in July 2024, XPeng Motors delivered 11,145 new cars, a year-on-year increase of 1% and a month-on-month increase of 4%.
XPeng Motors: Acquisition of Didi's Smart Car Development Business Assets Completed
XPeng Motors announced on the Hong Kong Stock Exchange that the company has started mass production of the Mona vehicle for sale and delivery to general customers as of July 30, 2024, thus achieving the SOP milestone under the share purchase agreement. The first batch of XPeng MONA M03 display cars has arrived at XPeng showrooms nationwide since August 1, 2024, and the SOP transfer was completed on August 13, 2024.
Huya: Second Quarter Total Revenue Reaches 1.54 Billion Yuan
Huya released its financial report for the second quarter of 2024. In the second quarter of 2024, Huya's total revenue reached 1.54 billion yuan. Revenue from gaming-related services, advertising, and other businesses increased by 152.7% year-on-year to 310 million yuan. Under non-GAAP, the net profit attributable to Huya for the quarter was 97 million yuan. In terms of user data, Huya's mobile MAU (monthly active users) in the second quarter of 2024 increased to 83.5 million.
TSMC Approves Capital Budget of $29.61547 Billion
TSMC held a board meeting on August 13th. In response to long-term capacity planning based on market demand forecasts and technology development roadmaps, it approved a capital budget of about $29.61547 billion, including: 1. Construction and upgrade of advanced process capacity; 2. Construction and upgrade of advanced packaging, mature, and/or special process capacity; 3. Plant construction and facility engineering.
TSMC Approves Second Quarter Cash Dividend of 4 NT Dollars Per Share
TSMC approved a second-quarter cash dividend of 4 NT dollars per share.
Huya Announces Extension of Stock Repurchase Plan and Special Dividend Distribution
Huya announced the extension of its stock repurchase plan and special dividend distribution. Huya may repurchase up to $100 million worth of ADS or common stock and announced a special cash dividend of $1.08 per common share.
BAIC BluePark: Nearly 1,000 Vehicles of Baidu's Fifth-Generation Shared Autonomous Cars Delivered
BAIC BluePark stated on the interactive platform on August 13th that nearly 1,000 vehicles of Baidu's fifth-generation shared autonomous cars have been delivered, mainly distributed in Wuhan, Beijing, and Guangzhou. Both parties will work together to ensure the autonomous driving tests and operations of these vehicles.
Li Auto: Ranked First in Sales Among New Force Brands in China's Market for 16 Consecutive Weeks
Li Auto: In the 32nd week of 2024 (August 5-11), Li Auto's weekly sales reached 11,100 units, ranking first in sales among new force brands in China's market for 16 consecutive weeks.
Energy Monster Adjusts Business Model, Fully Shifts to Franchise Model
Energy Monster is selling off city-operated businesses on a large scale and fully shifting to a franchise model. An internal source from Energy Monster revealed, "Except for maintaining operations in core city locations like Shanghai and Chengdu, there will be no new additions. The rest of the city-operated locations have been packaged and sold to regional franchisees."
Ding Lei and Two Companies Under HiPhi Restricted from High Consumption
Legal litigation information from Tianyancha shows that recently, HiPhi (Qingdao) Automotive Sales Service Co., Ltd. and HiPhi (Chengdu) Automotive Service Co., Ltd. were restricted from high consumption by the Chengdu Jinjiang District People's Court for failing to fulfill obligations specified in enforceable legal documents within the designated period. The legal representatives of the two companies, Ding Lei, were also restricted from high consumption due to lease contract disputes. Case process information shows that not long ago, the two companies were forcibly executed for more than 880,000 yuan due to the case.

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