Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 2.85% as Baidu Leads with 11.34% Surge

On September 17th, Eastern Time (Wednesday), the three major U.S. stock indices fluctuated. The S&P 500 Index fell by 0.10%, closing at 6600.35 points; the Dow Jones Index rose by 0.57%, closing at 46018.32 points; and the Nasdaq Index declined by 0.33%, closing at 22261.33 points.

On September 17th, the Nasdaq Golden Dragon China Index rose by 2.85%. Among popular Chinese concept stocks, NIO increased by 6.13%, Pinduoduo by 4.49%, Alibaba by 2.39%, Bilibili by 2.30%, Baidu by 11.34%, JD.com by 1.53%, NetEase by 1.44%, Xpeng Motors by 0.75%, and TSMC by 0.28%.

Regarding stocks with consecutive gains, Vipshop rose 2.94% over 13 consecutive days with a 13.11% gain during the period. ECARX Technologies increased by 5.37% over 9 days, gaining 41.18%. Grand Pharmaceutical saw a dramatic 51.34% rise over 8 days with a cumulative gain of 257.23%. China Yuchai International increased by 1.48% over 7 days with a 23.52% gain. NetEase also rose by 1.44% over 6 days with a 10.73% increase.

For stocks with consecutive declines, Pintec fell by 0.34% over 6 days with a total decline of 18.91%. Camsing International declined by 5.22% over 5 days with a total decrease of 19.28%. ELong Energy dropped by 0.55% over 5 days with a 12.21% decrease. Futu Holdings fell by 0.41% over 4 days with a 6.00% decrease. Sunlands Online Education declined by 6.30% over 4 days with a total drop of 24.70%. Tree Technologies decreased by 9.68% over 4 days with a 22.22% decline. Zhongjin Medical fell by 5.65% over 4 days with a 12.54% decrease. Star International declined by 2.51% over 4 days with a 13.61% decrease. Oriental Culture fell by 0.25% over 4 days with a 3.20% decrease. Aurora Mobile declined by 0.63% over 4 days with a 6.90% decrease. Bit Origin fell by 3.23% over 4 days with a 13.11% decrease. Meitu Technology declined by 0.24% over 4 days with a 15.04% decrease. Huasheng Technology fell by 1.75% over 4 days with a 23.36% decrease.

The Zhengzhou Municipal Market Supervision Bureau conducted an administrative interview with Ctrip, the operator of Ctrip Travel Network, on September 17, 2025. Investigations confirmed that the platform violated Article 35 of the E-commerce Law of the People's Republic of China and Article 24 of the Interim Provisions on Online Unfair Competition, imposing unreasonable restrictions on transactions and prices using service agreements, transaction rules, and technical means. The bureau issued a Notice of Correction on September 4, 2025, urging the company to rectify and regulate operations, ensuring fair competition and protecting the legitimate rights of in-platform operators. The meeting stressed the importance of compliance, urging Ctrip to complete rectifications within the specified time frame, revise contract terms, optimize pricing tools, and establish a long-term compliance mechanism. It also emphasized the core role of fair competition in a market economy, urging internet platform companies to enhance legal awareness, correct unreasonable restrictions, respect merchants' autonomy, and prevent technical means from manipulating prices.

The Beijing Chaoyang District Government signed a strategic cooperation agreement with iQIYI on September 17. This agreement aims to foster comprehensive ecological cooperation in the cultural and technological fields, with iQIYI increasing its business investment in Chaoyang District to collaboratively build a visual and audio industry ecosystem, aiding Chaoyang in establishing a world-class film production base.

JD officially launched the "JD Wine Tasting" IP, with plans to regularly host events in the future. The first JD Wine Tasting event was held at the Beijing International Hotel on the evening of September 16. Following initiatives like non-bundled ticket booking and a three-year 0 commission plan for JD Hotel PLUS members, JD is continuing to expand its wine and travel business with this new IP. The event, attended by long-time JD supporters and industry guests, marks an evolution from the 2007 "JD Mall User Meeting" to the current wine tasting events. These events will become regular occurrences.

NIO announced the completion of a $1.16 billion equity issuance. This includes the issuance of 161 million American Depository Shares (ADS), each representing one Class A ordinary share, the issuance of 20.995 million Class A ordinary shares, and the issuance of 27.2727 million ADS due to the full exercise of the underwriters' option for additional ADS on September 10, 2025. The ADS were sold at a public offering price of $5.57 each, and the Class A ordinary shares were issued at HKD 43.36 per share. The net proceeds are planned to be used for investing in core technologies for smart electric vehicles, developing future technology platforms and models under its brand, expanding the charging and swapping network, and further strengthening the balance sheet for general corporate purposes.

Fliggy's AI "Ask Me" has launched a photo explanation feature. Users at museums, historical sites, landmarks, or scenic spots can use Fliggy AI "Ask Me" to take a photo and receive professional-grade voice commentary. This feature is currently available to some users and will be fully launched soon.

Li Xiang, CEO of Li Auto, stated on social media on September 17 that there are no small deposits for the Li Auto i6, and deliveries will start at the end of September.

On September 17, Hello announced that its Robotaxi business received a strategic investment from Alibaba Group. This investment signifies a deepening of collaboration in intelligent driving models, computing platforms, and the Robotaxi sector, aiming to accelerate the commercial and scalable progress of the Robotaxi industry. Both parties will collaborate on creating highly cost-effective, safe, reliable, and available intelligent driving technologies, accelerating the commercialization of Robotaxi, and establishing industry benchmark products. They will jointly develop foundational models for vision, voice, and language, as well as specialized models for smart cabins, and explore innovative applications of world models in autonomous driving.

Alibaba reached a near four-year high, with the Hong Kong stock market's total market value returning to 3 trillion HKD, having risen over 96% this year.

Recently, the Disney Adventure cruise ship had some voyages postponed. Ctrip announced today that it would offer free rescheduling or full refunds for eligible flight and hotel orders affected by this postponement, with the platform covering the corresponding losses. This protection plan applies to Ctrip cruise customers affected by the Disney Adventure cruise postponement (departure dates between December 15, 2025, and March 12, 2026). Ctrip will provide protection for flights and hotel bookings in Singapore made through the Ctrip platform within seven days before or after the original schedule. Ctrip is coordinating with the Disney cruise company to facilitate the refund process, which is expected to begin this week.