Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 0.98% Amid Mixed Performance in Chinese Tech Giants
On December 3rd (Tuesday) Eastern Time, the three major indices of the US stock market showed mixed results. The S&P 500 index rose by 0.05% to 6049.88 points; the Dow Jones index fell by 0.17% to 44705.53 points; and the Nasdaq index increased by 0.40% to 19480.91 points.
On December 2nd, the Nasdaq Golden Dragon China Index rose by 0.98%.
Among popular Chinese concept stocks, NIO rose by 5.11%, TSMC by 2.30%, NetEase by 0.55%, XPeng by 0.00%, Bilibili fell by 3.46%, JD.com by 0.99%, Baidu by 0.62%, Pinduoduo by 0.54%, and Alibaba by 0.31%.
Companies experiencing consecutive gains include Lexin with a latest change of 6.17%, rising for 7 days with a cumulative increase of 66.97%; Full Truck Alliance with a change of 1.49%, rising for 6 days with a cumulative increase of 9.07%; MINISO with a change of 9.64%, rising for 6 days with a cumulative increase of 50.00%; Hongen with a change of 1.20%, rising for 6 days with a cumulative increase of 11.18%; and Enjoy Hold with a change of 6.32%, rising for 6 days with a cumulative increase of 16.73%.
Companies experiencing consecutive declines include Kandi Technologies with a latest change of -3.04%, declining for 5 days with a cumulative decrease of -14.23%; Color Star with a change of -3.39%, declining for 5 days with a cumulative decrease of -44.39%; LightInTheBox with a change of -1.10%, declining for 4 days with a cumulative decrease of -11.76%; Nisun International with a change of -14.29%, declining for 4 days with a cumulative decrease of -23.97%; Ata Creativity with a change of -0.49%, declining for 4 days with a cumulative decrease of -4.39%; X3 Holdings with a change of -24.68%, declining for 4 days with a cumulative decrease of -37.04%; and Metaverse Holding with a change of -14.40%, declining for 4 days with a cumulative decrease of -22.37%.
Dong Yuhui Establishes New Company
According to the National Enterprise Credit Information Publicity System, on November 28th, a company named Zhongnan Yuantiao (Xi'an) Technology Co., Ltd. was established with Dong Yuhui as the legal representative. Public information shows that Zhongnan Yuantiao (Xi'an) Technology Co., Ltd. is a sole proprietorship limited liability company with a registered capital of 10 million yuan, registered with the Xi'an Market Supervision Administration Chanba International Port Branch (Port Area), and its business scope includes tourism development project planning consultation, passenger ticketing agency, among others.
Xinye Technology's General Model Officially Filed
On November 29th, Xinye Technology's general model "Millet" successfully passed the generative artificial intelligence service filing in Shanghai, becoming one of the 60 generative AI services officially filed in Shanghai.
Trip.com: "Ice and Snow Tourism" Starts to Gain Traction with Related Product Bookings Doubling
Recently, as major ski resorts gradually open, "ice and snow tourism" has started to gain traction. Trip.com data shows that in the past week, the search volume for "skiing" on the platform increased by 50% week-on-week, and the search interest for ice and snow tourism-related products continues to rise entering December. Since mid-November, bookings for ski group tours and free travel package routes have doubled week-on-week. Harbin remains at the top for ice and snow tourism search popularity, followed by Changchun, Shenyang, Snow Town, and Mohe. In terms of group tour routes, Harbin also ranks first as an ice and snow destination, with group tour bookings increasing by 40% week-on-week in the past week.