Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 1.36% Amid Alibaba Buyback and Miniso's Yonghui Stake Plans

On September 23rd, Eastern Standard Time (Monday), the three major U.S. stock indexes closed higher collectively, with the S&P 500 rising by 0.28% to 5718.57 points; the Dow Jones index increasing by 0.15% to 42124.65 points; and the Nasdaq index up by 0.14% to 17974.27 points.

On September 23rd, the Nasdaq Golden Dragon China Index rose by 1.36%.

Among popular Chinese stocks, JD.com increased by 4.24%, Pinduoduo by 2.40%, Baidu by 2.37%, Alibaba by 2.03%, NetEase by 2.02%, NIO by 0.85%, TSMC by 0.35%, Bilibili by 0.13%, and XPeng Motors decreased by 0.47%.

For continuously rising Chinese stocks, Bit Origin rose by 0.70% over 11 days with a period increase of 71.43%, DouYu rose by 7.90% over 7 days with a period increase of 21.92%, Distoken rose by 0.18% over 5 days with a period increase of 0.28%, Trip.com rose by 0.88% over 4 days with a period increase of 5.23%, Autohome rose by 3.38% over 4 days with a period increase of 6.84%, China Automotive Systems rose by 4.18% over 4 days with a period increase of 7.16%, Zhongbi Energy rose by 2.97% over 4 days with a period increase of 14.29%, Huize rose by 1.28% over 4 days with a period increase of 13.24%, and Kaixin rose by 1.32% over 4 days with a period increase of 13.24%.

For continuously declining Chinese stocks, Nature's Sunshine Products declined by 13.95% over 9 days with a period decrease of 91.81%, LightInTheBox declined by 2.50% over 7 days with a period decrease of 36.41%, Nengchain Technology declined by 4.36% over 7 days with a period decrease of 16.12%, Dashu Cloud declined by 3.65% over 5 days with a period decrease of 22.15%, and Tianmei Bio declined by 5.71% over 5 days with a period decrease of 13.61%.

MINISO CFO: Expected Not to Control Majority of Yonghui Supermarket's Board Seats
MINISO CFO Zhang Jingjing stated in a conference call that after acquiring a 29.4% stake in Yonghui Supermarket, MINISO will become the largest shareholder but is not expected to control the majority of the board seats. Therefore, MINISO will not be the controlling shareholder or actual controller and will not consolidate financial statements. This judgment is based on the current situation, with the transaction expected to complete in the first half of 2025, and updates will be disclosed at each important step.

Alibaba Repurchases 3.6144 Million Shares for $39.98 Million on September 20th
On September 20th, Alibaba repurchased 3.6144 million shares for $39.98 million.

Trip.com: Charter Tour Orders Increased by 140% Compared to 2019, Launches Global Driver Platform
On September 23rd, Trip.com data showed that domestic charter tour orders have increased by 140% compared to 2019. The outbound charter tour market's compound annual growth rate is expected to exceed 30% over the next three years. In the context of rapid growth, Trip.com has launched a global driver platform, covering over 2000 destinations worldwide, offering training, fair traffic distribution, and income security for nearly 100,000 drivers.

President of China Council for the Promotion of International Trade Meets XPeng Motors Chairman
On September 23rd, the president of the China Council for the Promotion of International Trade met with XPeng Motors Chairman He Xiaopeng in Beijing to discuss the development of smart electric vehicles and supporting enterprises in exploring international markets.

DingTalk Launches 365 Membership for Individual Users
DingTalk has introduced the "365 Membership" for individual users, offering AI product packages like DingTalk AI Search, Personal AI Assistant, and Personal Certification. The membership is currently priced at 19 yuan/month or 169 yuan/year.

Alibaba Establishes Yilu Fafa Cross-border E-commerce Company
Alibaba has established a cross-border e-commerce company, Hangzhou Yilu Fafa Cross-border E-commerce Co., Ltd. The legal representative is Zhang Jingjing, with a registered capital of 1 million RMB, covering internet sales, supply chain management services, enterprise management consulting, information consulting services, and smart home consumer equipment sales.

Alibaba's Fengyun Network Technology Company Deregistered
According to Tianyancha App, Shanghai Fengyun Network Technology Co., Ltd.'s status has changed from active to deregistered. Established in June 2020, with a registered capital of 300 million RMB, its business scope included sales of agricultural intelligent logistics equipment, primary processing of edible agricultural products, and more. It was wholly owned by Alibaba (Shanghai) Co., Ltd.

Tmall Genie Launches Whole House Smart 1.0 Product Series
During the Cloud Summit, Tmall Genie hosted the Space Intelligence Industry Summit, unveiling the GenieOS+ system, Tmall Genie Future Hotel 3.0, and the Tmall Genie Whole House Smart 1.0 product series. The Whole House Smart Lighthouse Plan was launched to recruit partners. Since last September, Tmall Genie has released Future Hotel 1.0 and 2.0 versions. Industry data shows that over 20% of hotels are equipped with delivery robots, and over 60% have smart guest control coverage.

TSMC and Samsung Intend to Invest Over $100 Billion in UAE Chip Project
TSMC and Samsung are considering establishing large factories in the Middle East, reportedly planning to build a cluster of factories in the UAE, with potential chip project value exceeding $100 billion.