Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 2.10% with Notable Gains in Netease and XPeng

Market BriefWednesday, Jan 15, 2025 5:32 pm ET
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On January 15th, Eastern Time (Wednesday), all three major U.S. stock indices rose by more than 1%. The S&P 500 index increased by 1.83%, closing at 5949.91 points; the Dow Jones index gained 1.65%, ending at 43221.55 points; and the Nasdaq Composite index rose by 2.45%, reaching 19511.23 points.

On January 14th, the Nasdaq Golden Dragon China Index rose by 2.10%.

Regarding popular Chinese concept stocks, NetEase increased by 8.22%, XPeng Motors rose by 3.45%, TSMC gained 2.67%, Pinduoduo was up by 2.62%, Baidu increased by 2.44%, JD.com rose by 1.81%, Bilibili gained 1.08%, Alibaba increased by 0.94%, and NIO rose by 0.61%.

In terms of continuously rising Chinese concept stocks, Wangban Technology saw a latest increase of 2.43% over 13 consecutive days with a cumulative rise of 30.69%. Champs International rose by 1.25% over 6 consecutive days with a total increase of 16.91%. OneConnect Financial Technology increased by 2.05% over 6 days, accumulating a rise of 9.84%. YY Inc. saw a rise of 1.56% over 5 days, with a total increase of 5.84%. Four Seasons Education rose by 2.06% over 5 days, with an accumulated increase of 9.20%.

As for continuously declining Chinese concept stocks, MicroAlgo had a latest decrease of 3.83% over 10 consecutive days, with a cumulative decline of 56.76%. Junzhang Digital Technology fell by 6.90% over 6 days, with a total decrease of 70.27%. Chengdao Environmental fell by 8.68% over 6 days, with a cumulative decline of 69.56%. Mingzhu Freight fell by 4.65% over 6 days, with a total decrease of 16.71%. Ucommune fell by 3.00% over 6 days, with a total decline of 12.00%.

Alipay: Collecting Fortune Red Envelopes is a Small Gesture, Aims to Create a New Digital New Year Tradition
Alipay announced that the "2025 Collecting Fortune" event will launch on January 20th. This year's event will have several changes, including the following five highlights: the Fortune Cards will be available in 29 sets instead of one; the draw opportunities will increase from one to five; the event will last until the fifth day of the lunar new year; there will be more diverse ways to collect cards; and Fortune Cards can be collected in advance. This year marks the 10th anniversary of Alipay's Fortune collection, with over 900 million users participating over the years. Alipay stated, "The Fortune Red Envelopes are still a small gesture towards users, with the event focusing on creating a popular new digital New Year tradition."

Alibaba and Others Invest in Stardance Era, a Humanoid Robot Developer
According to Tianyancha App, Beijing Stardance Era Technology Co., Ltd. recently underwent a business change, adding Alibaba's Hangzhou Haoyue Enterprise Management Co., Ltd., Chengdu High-tech Ceyuan Excellence Equity Investment Fund Partnership (Limited Partnership), among others, as shareholders. The registered capital increased from approximately 8.748 million RMB to about 10.959 million RMB, with changes in some key personnel. Founded in August 2023, Beijing Stardance Era Technology Co., Ltd. is led by legal representative Zhang Zhi. Its business scope includes intelligent robot development, service consumer robot sales, intelligent robot sales, artificial intelligence basic software development, artificial intelligence application software development, and artificial intelligence public data platforms. The company is co-owned by Jian Yu Chen, Nanjing Daji Robot Partnership (Limited Partnership), and the newly added shareholders. Its website indicates that it is the only humanoid robot company with a stake held by Tsinghua University.

TSMC's Arizona Plant's 4nm Chips Enter Quality Verification Phase
According to informed sources, the 4nm chips produced by Apple at TSMC's Arizona plant in the United States have entered the final quality verification phase. Nvidia and AMD are also conducting trial production of chips at this plant. However, TSMC's U.S. plant still lacks advanced packaging capabilities, so these chips need to be sent back to Taiwan for packaging.

iFlytek, Chery, Lenovo, NIO, and Others Establish a Private Equity Fund Management Company
According to Tianyancha App, Huishang Co-Creation (Anhui) Private Fund Management Co., Ltd. was recently established, with Gao Jiabao as the legal representative and a registered capital of 30 million RMB. The company's business scope includes private equity investment fund management and venture capital fund management services. Shareholder information shows that the company is jointly owned by Shenzhen Huishang Co-Creation Investment Partnership (Limited Partnership), Hefei Chancheng Guozheng Equity Investment Co., Ltd., iFlytek's Anhui iFlytek Cloud Creation Technology Co., Ltd., Chery's Wuhu Chery Capital Management Co., Ltd., Lenovo (Beijing) Co., Ltd., and NIO's Shanghai Weixia Enterprise Management Consulting Co., Ltd.

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