Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 0.93% as Alibaba Leads Gains

On the Eastern Time of August 6th (Wednesday), the three major US stock indices collectively closed higher, with the S&P 500 up 0.73% to 6345.06 points; the Dow Jones up 0.18% to 44193.12 points; and the Nasdaq up 1.21% to 21169.42 points.

On August 6th, the Nasdaq China Golden Dragon Index rose by 0.93%.

In terms of popular Chinese concept stocks, Alibaba rose by 3.30%, NIO by 2.00%, Bilibili by 1.92%, Pinduoduo by 1.17%, Baidu by 1.11%, NetEase by 0.26%, JD.com by 0.00%, TSMC fell by 0.50%, and XPeng Motors fell by 0.16%.

Chinese concept stocks on a continuous rise include: Star Fashion with a recent rise of 2.25% over 7 consecutive days, accumulating a total rise of 25.41%; NetEase Technology with a recent rise of 1.06% over 7 consecutive days; Gaotu with a recent rise of 1.69% over 5 consecutive days, accumulating a total rise of 4.03%; Tongcheng Tongmei with a recent rise of 14.49% over 5 consecutive days, accumulating a total rise of 32.81%; and European Instruments with a recent rise of 0.53% over 5 consecutive days, accumulating a total rise of 3.36%.

Chinese concept stocks on a continuous decline include: Beike with a recent drop of -0.23% over 9 consecutive days, accumulating a total drop of -11.29%; Mace Intelligence Engine with a recent drop of -1.76% over 7 consecutive days, accumulating a total drop of -14.98%; Jiayou Holdings with a recent drop of -3.65% over 6 consecutive days, accumulating a total drop of -15.97%; Qiji Automobile with a recent drop of -26.69% over 6 consecutive days, accumulating a total drop of -32.59%; and Kebiao Technology with a recent drop of -10.73% over 6 consecutive days, accumulating a total drop of -22.10%.

iQIYI responded to the news of seeking to raise $300 million through an IPO in Hong Kong by stating that there is currently no more information available.

Li Auto, China Automotive Research Institute, and Dongfeng Liuzhou Motor reached an agreement on the incident related to the Li Auto i8 crash test and issued a joint statement. The purpose of the test was to verify and enhance the passive safety performance of the Li Auto i8, not targeting the safety and quality performance of any other brand vehicles. Li Auto will further take measures to avoid similar disputes. China Automotive Research Institute acknowledged insufficient prediction and avoidance of potential risks due to incomplete information release and apologized. Dongfeng Liuzhou Motor committed to resisting unfair competition, adhering to legal and compliant business operations, and contributing to China's historic transition from a major automobile country to a strong automobile country. The three parties jointly advocated for strict self-discipline, promoting positive competition, and called for the automotive industry to adhere to self-discipline, honesty, and commercial ethics in product development, testing, verification, and promotion, avoiding any form of inappropriate competition such as disparaging comparisons. Testing and certification institutions should uphold professional standards, ensuring scientific and rigorous testing processes and accurate, complete information release, jointly maintaining a healthy market order.

BeiGene announced that in the first half of 2025, the company's product revenue was 17.36 billion RMB, up 45.8% year-over-year; total operating revenue was 17.518 billion RMB, up 46.0% year-over-year; net profit attributable to the parent company's owners was 450 million RMB, turning a profit year-over-year.

BeiGene announced that the company expects 2025 operating revenue to be between 35.8 billion RMB and 38.1 billion RMB, up 600 million RMB from the previous forecast. R&D expenses, sales, and management expenses are expected to be between 29.5 billion RMB and 31.9 billion RMB, consistent with the previous forecast. The gross profit margin is expected to be in the mid-to-high range of 80% to 90%, up from the previous forecast. The company expects full-year operating revenue to exceed the sum of operating costs, sales expenses, management expenses, and R&D expenses, and net cash flow from operating activities, after deducting capital expenditures such as the purchase and construction of fixed assets, is expected to be positive.

On August 6th, it was learned that Taobao launched a new VIP membership system, integrating resources from Ele.me, Fliggy, and other Alibaba platforms, covering various life scenarios such as dining, entertainment, clothing, accommodation, and transportation. This marks a key step for Alibaba from e-commerce to a major consumer platform. In June, Alibaba announced the merger of Ele.me and Fliggy into the China e-commerce business group, optimizing and integrating business models from the user's perspective to create a more complete major consumer service system. The launch of Taobao's VIP membership system signifies substantial progress in integrating resources, connecting scenarios, and improving user experience.

Li Auto announced that during the period from July 28 to August 3, 2025, a total of 67 Li Auto supercharging stations were put into operation, located in Guangdong, Jiangsu, Zhejiang, Anhui, Xinjiang Uygur Autonomous Region, Shaanxi, Sichuan, Shandong, Shanghai, Henan, Jiangxi, Gansu, Chongqing, Yunnan, Ningxia Hui Autonomous Region, Inner Mongolia Autonomous Region, Jilin, Hubei, Guizhou, and Fujian.

On August 6th, it was learned that JD.com will be the "exclusive global strategic partner" at the upcoming 2025 World Robot Conference (WRC), collaborating with top global robot brands such as Yushu Technology, Zhiyuan, Tiangong, Zhongqing, Xinghaitu, Zhujidongli, Qianxun, and Songyan Power to create an immersive high-tech exhibition area.