Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 2.93% Amid Gains in Xpeng, NIO, and TSMC

On April 23, Eastern Time (Wednesday), all three major U.S. stock indices rose over 1%. The S&P 500 Index increased by 1.67% to 5375.86 points; the Dow Jones Index rose by 1.07% to 39606.57 points; the Nasdaq Index climbed by 2.50% to 16708.05 points.

On April 23, the Nasdaq Golden Dragon China Index rose by 2.93%.

Among popular Chinese concept stocks, XPeng Motors rose by 7.37%, NIO increased by 4.80%, TSMC climbed by 4.21%, Bilibili went up by 3.23%, Baidu rose by 2.88%, Alibaba increased by 2.65%, Pinduoduo climbed by 2.13%, NetEase rose by 1.61%, and JD.com fell by 0.33%.

The stocks experiencing consecutive gains include Wanbang Tech with a recent change of 3.78% over 15 consecutive days, with a 17.61% gain over this period. DayDayCook increased by 6.80% over 12 days, with a 2503.55% gain. Smart Powerr rose by 0.22% over 9 days, gaining 34.28%. JinkoSolar increased by 1.01% over 8 days, with a gain of 22.41%. BeyondSpring rose by 10.29% over 8 days, with a gain of 37.61%. OneSmart Education increased by 1.07% over 8 days, with a gain of 24.17%.

The stocks experiencing consecutive declines include JD.com with a recent change of -0.33% over 6 days, with a 12.10% decline. HaoXin Holdings decreased by 2.86% over 6 days, with a 57.50% decline. Big Tree Cloud fell by 11.27% over 5 days, with a 21.25% decline. Sanhe Intelligent declined by 5.60% over 4 days, with a 25.37% decline. New Oriental fell by 0.68% over 3 days, with a 1.63% decline. Tims China declined by 0.57% over 3 days, with a 4.41% decline. Raytheon Electronics fell by 5.79% over 3 days, with a 15.74% decline. GD Culture Group decreased by 7.62% over 3 days, with a 17.27% decline. PINTEC fell by 3.12% over 3 days, with a 6.24% decline. Happiness Biotech decreased by 2.43% over 3 days, with a 18.86% decline. Green Planet Bioengineering fell by 6.89% over 3 days, with a 14.60% decline. Gulf Resources decreased by 9.97% over 3 days, with a 32.39% decline.

TSMC plans to start production of next-generation A14 process technology in 2028
TSMC plans to begin producing A14 chip technology in 2028 to maintain its leading position in the chip industry. This technology will propel the world's largest chip manufacturer beyond its current most advanced 3nm process and the 2nm process to be launched later this year. TSMC also plans to launch the intermediate A16 process in late 2026.

Kering's first-quarter revenue stands at 3.88 billion euros
Luxury company Kering's first-quarter revenue was 3.88 billion euros, while market expectations were 4.09 billion euros. First-quarter same-store sales for Gucci decreased by 25%, with an estimated decline of 23.6%.

Chongqing, Xinjiang, China Mobile, and Alibaba Cloud sign strategic cooperation agreement to jointly promote the "Xinjiang Computing into Chongqing" project
The People's Government of Chongqing, the People's Government of Xinjiang Uygur Autonomous Region, China Mobile Communications Group, and Alibaba Cloud Intelligence Group signed a strategic cooperation agreement to jointly promote the "Xinjiang Computing into Chongqing" project on the afternoon of April 23. Chongqing Party Secretary Yuan Jiajun and Deputy Secretary of the Municipal Party Committee and Mayor Hu Henghua met with important guests attending the event and witnessed the signing. China Mobile Party Secretary and Chairman Yang Jie, Xinjiang Uygur Autonomous Region Party Committee Standing Committee and Executive Vice Chairman Chen Weijun, Alibaba Group CEO Wu Yongming and other guests, along with city leaders Chen Xinwu and Jiang Duntao, attended.

Xin Yuan Real Estate 2020 public issuance of corporate bonds 2025 first bondholders' meeting resolution
The first bondholders' meeting of Xin Yuan Real Estate's 2020 public issuance of corporate bonds in 2025 was held on April 21, 2025. The meeting reviewed and passed the proposal on adjusting the principal and interest payment arrangements for the bonds. According to the voting results, 7,517,000 bonds agreed, 1,373,000 bonds opposed, and 110,000 bonds abstained, with a total of 9,000,000 bonds participating in the vote, accounting for 100% of the total outstanding bonds with voting rights for this issue. The convening and holding of this meeting, the voting procedure, and the voting results comply with relevant laws and regulations and the relevant provisions of the Prospectus and Bondholders' Meeting Rules, making it legally valid.

New Oriental: Net revenue for the third quarter of fiscal year 2025 decreased by 2.0% year-on-year to $1.183 billion
New Oriental's net revenue for the third quarter of fiscal year 2025 decreased by 2.0% year-on-year to $1.183 billion. Net revenue (excluding revenue generated from Oriental Selection's self-operated products and live e-commerce businesses) increased by 21.2% year-on-year to $1.038 billion. New Oriental's net profit attributable to shareholders for the third quarter of fiscal year 2025 increased by 0.1% year-on-year to $87.3 million.

William Li of NIO: China's share in the global automotive market will exceed 40%
On April 23, in an interview, William Li, founder, chairman, and CEO of NIO, stated that China is currently the largest car exporter in the world. This year's overall production will continue to rise, and eventually, China's auto industry may have an annual production of around 40 million vehicles, with its share in the global auto industry expected to exceed 40%.

Baidu launches the mobile version of the general-purpose intelligent assistant XIN App
Baidu recently quietly launched a mobile multi-intelligent assistant collaboration application, the XIN App. The product is currently available on Android, and the iOS version is in the process of being released.

XPeng HT Aero's flying car "Land Aircraft Carrier" commercialization progress: scheduled for official launch and mass delivery next year
During the 2025 Shanghai International Auto Show, a reporter from Shanghai Securities News learned at the XPeng Motors booth that XPeng HT Aero's split flying car "Land Aircraft Carrier" has entered a critical phase of commercialization after completing its first public flight globally last year. In 2026, the world's first split flying car "Land Aircraft Carrier" is scheduled for official launch and mass delivery.

XPeng's self-developed general model may be open to the public this year
At the 2025 Shanghai Auto Show, XPeng Motors Chairman He Xiaopeng stated that XPeng Motors has made breakthroughs in the "Physical World AI" and developed the "AI Brain" and XPeng World Base Model. The XPeng World Base Model will be the general model for all future XPeng physical AI terminals. The parameter volume of this base model is at least 35 times that of the VLA model, aiming for public experience this year. Meanwhile, XPeng Motors announced the launch of an AI-assisted driving safety training camp to improve the safety of car owners when using assisted driving.

XPeng P7+ officially launched the 5C flagship version priced at 208,800 yuan
At the 2025 Shanghai Auto Show, XPeng P7+ officially launched the 5C flagship version. The new car is equipped with a 5C supercharging AI battery, intelligent variable damping shock absorbers, and a Tai Chi hydraulic bushing matrix, priced at 208,800 yuan.