On August 29 (Thursday), Eastern Time, the three major US stock indices fluctuated. The S&P 500 Index fell 0.00% to 5591.96 points; the Dow Jones Index rose 0.59% to 41335.05 points; and the Nasdaq Index fell 0.23% to 17516.43 points.
On August 29, the Nasdaq Golden Dragon China Index rose 2.63%.
Among popular Chinese concept stocks, XPeng Motors rose 8.04%, NIO rose 6.35%, Pinduoduo rose 4.77%, Bilibili rose 4.17%, Baidu rose 1.77%, Alibaba rose 1.75%, JD.com rose 1.66%, NetEase rose 0.20%, and TSMC rose 0.08%.
【Continuously Rising Chinese Concept Stocks】
HuaXin Technology rose 2.06% for 9 consecutive days with a cumulative rise of 56.57%. Yuchai International rose 0.82% for 5 consecutive days with a cumulative rise of 5.64%. Donis rose 3.31% for 5 consecutive days with a cumulative rise of 34.77%. Dtree Cloud rose 10.54% for 5 consecutive days with a cumulative rise of 100.41%. Fanhua Financial rose 6.61% for 5 consecutive days with a cumulative rise of 37.97%.
【Continuously Falling Chinese Concept Stocks】
Huize fell 6.05% for 6 consecutive days with a cumulative drop of 17.91%. Yunji fell 3.92% for 6 consecutive days with a cumulative drop of 27.84%. Ucommune fell 9.27% for 6 consecutive days with a cumulative drop of 14.91%. ZKH fell 4.00% for 5 consecutive days with a cumulative drop of 24.21%. Jinsun Amusement fell 1.79% for 5 consecutive days with a cumulative drop of 12.70%. 17 Education Technology fell 2.00% for 5 consecutive days with a cumulative drop of 9.68%. Jiuzi New Energy fell 5.46% for 5 consecutive days with a cumulative drop of 55.53%. Gulf Resources fell 3.74% for 5 consecutive days with a cumulative drop of 14.17%. MicroAlgo fell 6.28% for 5 consecutive days with a cumulative drop of 29.17%. Suxuantang fell 8.49% for 5 consecutive days with a cumulative drop of 23.33%.
【Chinese Concept Stocks News】
Baidu Wenxin Comate Passed Trusted AI Intelligent Coding Tool Evaluation by CAICT
CAICT announced the results of the trusted AI intelligent coding tool evaluation organized by it. According to the evaluation, Baidu Wenxin Comate received the highest rating of 4+, becoming one of the first companies in China to pass the evaluation and receive the highest current rating. It is understood that Wenxin Comate has currently been "employed" by over 10,000 companies including Himalaya and Softcom Power.
Blizzard China: "NetEase Won the First Instance Against Blizzard" is Untrue, the Case Has Not Entered Substantive Trial Stage
On August 29, it was reported that "NetEase won the first instance against Blizzard, and the court froze Blizzard's assets worth 139 million yuan." In response, a Blizzard China spokesperson said that the description of "NetEase won the first instance against Blizzard" is untrue, and the case has not entered the substantive trial stage. At present, there are no other legal disputes between the two parties. Blizzard China also stated that since the announcement of the renewed cooperation in April this year, NetEase and Blizzard have been working closely to bring Blizzard games back to domestic players. On August 27, the two jointly introduced the latest expansion of "World of Warcraft," "War of the Deep Earth," to the Chinese server in sync with the global release.
TSMC Expected to Launch 2nm Process MPW Service in September, Attracting Downstream Enterprises
It is reported that TSMC will launch its bi-annual MPW service customer submission in September, and this round of MPW services is expected to offer the 2nm option for the first time, attracting downstream design enterprises.
Jay Chou's Unfair Competition Lawsuit Against NetEase Rejected in Second Instance
According to reports, the second instance result of Jay Chou's unfair competition lawsuit against NetEase's "Tianxia 3" has been released. Recently, the second instance court upheld the original judgment, deeming Jay Chou and JVR Music's appeal reasons as unsubstantiated. The court determined that the hot search topics, entries, and promotional reports related to Jay Chou's new album are very common, and the self-funded giveaway behavior of "Tianxia 3" on Weibo has no profit-making nature and does not violate the principles of good faith and commercial ethics. It is unlikely to make the public associate Jay Chou with endorsements or authorizations related to the game. The accused behavior of "Tianxia 3" does not constitute unfair competition.
Leapmotor Accelerates Intelligence: Head of Intelligent Driving Algorithm to Join, Establishing End-to-End Team Benchmarking Ideal
According to reports, the head of intelligent driving algorithm development at Leapmotor is about to take office, responsible for coordinating intelligent driving algorithm development and reporting to Wang Yaonong, Vice President and Head of Intelligent Driving at Leapmotor. Under the leadership of this new head, Leapmotor recently established an end-to-end development team benchmarking Ideal Auto, with a team size of around 10 people. However, the organizational structure is still not clear and recruitment is ongoing. In the first half of this year, Leapmotor established the Intelligent Technology Research Institute, which was upgraded from the original Electronic and Electrical Department, led by Senior Vice President Zhou Hongtao.