Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 2.73% as Bilibili and Baidu Gain

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On February 13th, Eastern Time (Thursday), the three major U.S. stock indexes collectively closed higher. The S&P 500 index rose by 1.04% to 6115.07 points; the Dow Jones index increased by 0.77% to 44711.43 points; and the Nasdaq index climbed by 1.50% to 19945.64 points.

On February 12th, the Nasdaq Golden Dragon China Index increased by 2.73%.

Among popular Chinese concept stocks, Bilibili rose by 5.82%, Baidu by 3.48%, Pinduoduo by 2.28%, NIO by 1.07%, Alibaba by 1.00%, JD.com by 0.71%, while NetEase fell by 3.97%, TSMC by 2.22%, and XPeng Motors by 0.53%.

During a continuous rise in Chinese concept stocks, Best Group increased by 0.91% over 11 consecutive days with a cumulative increase of 2.58%; EHang Holdings rose by 2.67% over 8 days with a cumulative increase of 54.64%; Sohu increased by 1.29% over 8 days with a cumulative increase of 20.10%; Alibaba rose by 1.02% over 6 days with a cumulative increase of 20.41%; Pinduoduo increased by 2.28% over 6 days with a cumulative increase of 10.35%; TAL Education Group rose by 2.28% over 6 days with a cumulative increase of 20.64%; GDS Holdings increased by 4.62% over 6 days with a cumulative increase of 38.81%; Atour Lifestyle Holdings rose by 1.06% over 6 days with a cumulative increase of 13.04%; Autohome increased by 3.57% over 6 days with a cumulative increase of 8.54%; Gaotu Techedu rose by 6.42% over 6 days with a cumulative increase of 25.89%; and Pintec Technology increased by 2.88% over 6 days with a cumulative increase of 16.30%.

During a continuous decline in Chinese concept stocks, TH International dropped by 1.67% over 5 consecutive days with a cumulative decrease of 9.23%; Recon Technology fell by 7.33% over 4 days with a cumulative decrease of 23.52%; and E-Long Energy dropped by 3.46% over 4 days with a cumulative decrease of 9.81%; Phoenix New Media fell by 0.41% over 4 days with a cumulative decrease of 6.13%; Ascentage Pharma dropped by 3.31% over 3 days with a cumulative decrease of 8.68%; China Techfaith Wireless Communication Technology fell by 0.94% over 3 days with a cumulative decrease of 7.07%; Cango dropped by 4.14% over 3 days with a cumulative decrease of 11.13%; Xingtong International fell by 5.78% over 3 days with a cumulative decrease of 7.42%; Yuxin Technology dropped by 5.86% over 3 days with a cumulative decrease of 16.21%; Aurora Mobile fell by 4.00% over 3 days with a cumulative decrease of 8.68%; Zibao Technology dropped by 1.40% over 3 days with a cumulative decrease of 6.62%; StarrySky Cloud Printing fell by 0.01% over 3 days with a cumulative decrease of 6.84%; Mogu Street dropped by 4.05% over 3 days with a cumulative decrease of 11.98%; Yingxi Group fell by 3.33% over 3 days with a cumulative decrease of 10.34%; Juhao Mall dropped by 2.05% over 3 days with a cumulative decrease of 4.97%; Baosheng fell by 1.20% over 3 days with a cumulative decrease of 3.52%; and Tuanche dropped by 0.06% over 3 days with a cumulative decrease of 12.47%.

The president of Volcano Engine responded remotely to Baidu's view of a "malicious price war" in large models. On February 13th, Shen Dou, president of Baidu's Intelligent Cloud Business Group, stated at an all-staff meeting that the "malicious" price war of domestic large models last year caused the overall industry revenue to be far below that of foreign counterparts. In response, Tan Dai, president of Volcano Engine under ByteDance, replied remotely that the price reduction of large models was achieved through technological innovation, and everyone should focus on fundamentals like DeepSeek and avoid baseless speculation.

Apple is still cooperating with Baidu to develop artificial intelligence technology in China for use in iPhones.

NIO's self-developed new alloy for high-pressure die-casting (HPDC) has completed validation and mass production. According to NIO, their self-hardening new alloy, developed for HPDC, has been fully validated and successfully applied in the manufacturing of the white car body of NIO ET9 and Leadao L60. This alloy technology will be open to the industry, promoting the proliferation of HPDC technology with better performance and cost efficiency.

Oceanwide Holdings announced major litigation progress: related equity will be auctioned for the first time on JD's judicial auction platform in March 2025. Oceanwide Holdings Co., Ltd. issued a major litigation progress announcement, disclosing that it had been sued to the Beijing Financial Court for failing to repay the principal and interest of "18 Haikong 01" bonds held by Sunac Real Estate Group on time. The court ruled that Oceanwide Holdings must pay principal and interest, default penalties, and other fees. The case has now entered the execution stage, and related equity will be auctioned for the first time on JD's judicial auction platform in March 2025.

Baidu Apollo's intelligent cabin large model and travel intelligence have completed DeepSeek integration. On February 13th, Baidu Apollo announced that Apollo's intelligent cabin large model and travel intelligence have completed DeepSeek integration. The Apollo intelligent cabin large model integrated with DeepSeek will be gradually equipped in new models of Cadillac and Buick brands.

XPeng Motors: The total order volume in the first week after the Spring Festival increased by 7.6 times year-on-year. On February 13th, XPeng Motors announced on Weibo, "In the first week after the Spring Festival, the total order volume increased by 7.6 times year-on-year, breaking the industry's usual February low."

China Gold Financial: Cooperating with Alibaba Cloud to expand the computing power business market. China Gold Financial stated on the interactive platform that the company is a partner of Alibaba Cloud, jointly expanding the computing power business market with Alibaba Cloud. The company can also provide model optimization and computing power optimization services, utilizing techniques such as pruning, quantization, and distillation to optimize models, and optimizing computing power and adaptation through infrastructure optimization and bottom-level operator optimization.

Alibaba's stock price hit a three-year high. Alibaba's stock price rose by 9%, reaching a three-year high.

Alibaba Cloud's second data center in Thailand officially launched. Alibaba Cloud's second data center in Thailand officially launched, providing more powerful cloud computing resources for local Thai enterprises, Chinese companies going abroad, and local developers. "Thailand's cloud computing market is in a rapid expansion phase, with strong demand for digitalization and AI from local enterprises," said Yuan Haogun, Vice President of Alibaba Cloud International and General Manager of Thailand.

Baidu's Shen Dou: Although DeepSeek has emerged, the battle of large models is not yet over. On February 12th, Baidu's Intelligent Cloud Business Group (ACG) held an all-staff meeting. At the meeting, Shen Dou, Executive Vice President of Baidu Group and President of Baidu's Intelligent Cloud Business Group, mentioned ACG's performance in 2024 and the impact of the current popularity of DeepSeek on ACG and the entire model track. In the application layer, ACG focuses on areas such as code assistants, intelligent customer service, and digital humans. Shen Dou first affirmed the overall repayment rate and mentioned that the gross profit margin in the application layer has improved. However, he also admitted that although DeepSeek has emerged, the battle of large models is not yet over, and the situation remains tense. He predicts that the demand for multi-modal will further increase, and the industry's focus will shift from training to inference, with multi-modal becoming the mainstream demand.

Baidu is testing a community app called "Ci Yu," exploring the secondary yuan track. Baidu is currently testing an app called "Ci Yu." This is an original community app based on interests, and the product will be launched soon. According to Qichacha, Baidu's affiliated company is applying to register related trademarks.

Alibaba Cloud's second data center in Thailand launched, accelerating its layout in Southeast Asia. Today, Alibaba Cloud announced the official launch of its second data center in Thailand, providing more powerful cloud computing resources for local Thai enterprises, Chinese companies going abroad, and local developers to meet the growing demand for the Internet, fintech, and other emerging industries in Thailand.

Wenxin Yiyan announced a comprehensive free opening starting from April 1st, with the deep search feature launched. Wenxin Yiyan announced that starting from April 1st, it will be completely free, allowing users on both PC and app platforms to experience its latest model. At the same time, the Wenxin Yiyan deep search feature has been launched and will be available for free from April 1st. This feature has strong thinking, planning, and external tool usage capabilities, providing users with expert-level content responses and supporting multi-scenario tasks, achieving multi-modal input and output. Users can currently experience this feature on the official website, and the app version will be launched simultaneously.

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