Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 3.31% Amid Gains for Pinduoduo and TSMC

On June 24th (Tuesday), Eastern Time, all three major U.S. stock indexes increased by over 1%. The S&P 500 index rose by 1.11%, closing at 6092.18 points; the Dow Jones index increased by 1.19%, closing at 43089.02 points; and the Nasdaq index gained 1.43%, closing at 19912.53 points.

On June 24th, the Nasdaq Golden Dragon China Index climbed by 3.31%.

Regarding popular Chinese concept stocks, Pinduoduo increased by 5.11%, TSMC rose by 4.65%, Bilibili gained 3.97%, XPeng Motors went up by 3.52%, Alibaba rose by 3.45%, JD.com increased by 3.13%, Baidu gained 2.91%, NetEase climbed by 2.85%, and NIO rose by 2.04%.

During consecutive gains in Chinese concept stocks, Parkson Bio rose by 4.82% over 7 consecutive days, with a cumulative increase of 67.34%. GD Culture Group rose by 6.35% over 6 consecutive days, with a cumulative increase of 39.58%. Deswell Industries gained 1.60% over 6 consecutive days, with a cumulative increase of 10.68%. 51talk increased by 1.82% over 5 consecutive days, with a cumulative gain of 19.88%. E-Long Energy rose by 4.09% over 5 consecutive days, with a cumulative increase of 10.10%. Europtronic gained 1.61% over 5 consecutive days, with a cumulative increase of 4.39%.

During consecutive losses in Chinese concept stocks, Haohong Technology decreased by 4.23% over 7 consecutive days, with a cumulative loss of 20.96%. Sower fell by 2.60% over 6 consecutive days, with a cumulative loss of 23.47%. Chengdaotong Environmental fell by 8.73% over 6 consecutive days, with a cumulative loss of 46.61%. Shengfeng Logistics decreased by 1.23% over 5 consecutive days, with a cumulative loss of 5.19%. Youjia Insurance fell by 1.79% over 5 consecutive days, with a cumulative loss of 11.58%. Sanyi Technology decreased by 0.30% over 5 consecutive days, with a cumulative loss of 11.05%. Juhao Mall fell by 1.61% over 5 consecutive days, with a cumulative loss of 5.91%.

Xiaohongshu: "Litchi" related search volume increased by 48% year-on-year, with over 2.7 billion exposures
According to Xiaohongshu data, since June, discussions related to the methods of eating, crafting, makeup, and popular dramas surrounding "litchi" have topped 56 hot topics on Xiaohongshu, with a total exposure exceeding 2.7 billion. This summer, the related search volume for "litchi" on Xiaohongshu increased by 48% year-on-year. On Xiaohongshu, southern and northern users began to "reconcile accounts" regarding litchi varieties. In this reconciliation, keywords for the categories "Concubine Smile," "Gui Wei," "Litchi King," and "White Sugar Pulp" occupied the top ten in popularity. In terms of dishes, charcoal-grilled litchi, litchi ribs, and litchi chicken pot have become the most popular seasonal dishes this summer. Many Xiaohongshu users have also innovated zero-difficulty litchi special drinks, and some have developed traditional Chinese medicine health methods to prevent heatiness using litchi, such as steamed litchi, litchi fermented rice, and litchi silver fungus soup. Inspired by mutual recommendations, seasonal "litchi" is no longer limited to being a fruit, and the popular show "Chang'an's Litchi" has further fueled this litchi culture.

JD Logistics: Recruiting full-time riders for JD food delivery service
JD Logistics announced that with the development of JD Group's food delivery business, JD Logistics has begun recruiting full-time riders to participate in JD food delivery services. This move enriches JD Logistics' solutions and service scope, and is expected to enhance the coordination and efficiency of JD Logistics' existing terminal fulfillment and other operational processes.

Kingsoft Finance: No financial business cooperation with Alibaba at present
Kingsoft Finance stated on the interactive platform on June 24th that the company currently has no financial business cooperation with Alibaba.

Alibaba Cloud: Deploying full-stack AI capabilities at global nodes this year to serve Chinese enterprises going abroad
On June 24th, at the 2025 Alibaba Cloud Chinese Enterprises Going Abroad Summit in Shenzhen, Liu Weiguang, Senior Vice President of Alibaba Cloud Intelligence Group and President of the Public Cloud Business Unit, stated that Alibaba Cloud will accelerate the creation of a global cloud computing network, deploying full-stack AI capabilities at every global node, enhancing compliance, service, and ecosystem team building for enterprises born global.