Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 5.40% Amid Gains in Key Chinese Stocks

On May 12 (Monday) Eastern Time, U.S. stocks saw a full-scale surge across the three major indices. The S&P 500 index rose by 3.26%, closing at 5844.19 points; the Dow Jones index increased by 2.81%, ending at 42410.10 points; the Nasdaq index surged by 4.35%, reaching 18708.34 points.

On May 12, the Nasdaq Golden Dragon China Index rose by 5.40%.

Among popular Chinese concept stocks, XPeng Motors rose by 7.69%, Bilibili went up by 7.59%, JD.com increased by 6.47%, Pinduoduo climbed by 6.14%, TSMC advanced by 5.88%, Alibaba gained 5.76%, NIO rose by 5.67%, Baidu increased by 5.08%, and NetEase went up by 3.27%.

Baoshun E-commerce has risen by 5.14% over 11 consecutive days, with a cumulative increase of 63.45% during this period. Jin Hyun Group has seen a rise of 4.51% over 8 consecutive days, amounting to a total increase of 7.59%. Melco Resorts & Entertainment has climbed by 4.34% across 7 consecutive days, resulting in a cumulative increase of 24.25%. Zhong Bi Energy increased by 0.46% over 7 consecutive days, with a total rise of 20.53% during this period. Atour rose by 4.25% across 6 consecutive days, amounting to a total increase of 20.81%.

Hutchison China MediTech has fallen by 2.04% over 5 consecutive days, with a cumulative decrease of 7.94% during this period. Thunder Energy has seen a decline of 2.43% over 5 consecutive days, amounting to a total decrease of 10.75%. Advanced Biomed decreased by 5.63% across 5 consecutive days, resulting in a cumulative drop of 56.74%. Quhuo fell by 8.73% over 3 consecutive days, with a total decrease of 13.53% during this period. Allied Allies decreased by 2.04% over 3 consecutive days, amounting to a total decline of 6.45%. Alliance Cloud Hologram dropped by 1.45% across 3 consecutive days, resulting in a cumulative decrease of 7.19%. Interstellar Fashion fell by 2.44% over 3 consecutive days, with a total drop of 5.88% during this period. Chengdao Tong Environmental decreased by 3.02% across 3 consecutive days, resulting in a cumulative decline of 11.85%.

There are reports that JD.com has reached a cooperation agreement with Xiaohongshu, with an official announcement expected in the coming days. The collaboration is said to be similar to the previous partnership with Taobao, where product links in Xiaohongshu can directly redirect to JD.com pages. As of the time of publication, neither JD.com nor Xiaohongshu has responded to inquiries.

On May 12, Caitong Securities announced on its interaction platform that the company has achieved certain outcomes in its collaboration with Alibaba Group and its affiliate Ant Group in the fields of fintech, securities services, and wealth management. The cooperation involves Alibaba Cloud and data infrastructure, facilitating the advancement of intelligent recording, intelligent marketing, and the construction of big data platforms. Additionally, they are collaborating with Ant Group on internet platform projects in compliance with regulatory requirements. Currently, products from Caitong Securities Asset Management and Caitong Fund are being distributed through Ant Wealth.

Newland announced that its subsidiary Guotong Starry has signed a deep cooperation agreement with Alibaba Cloud. This partnership will integrate advantageous resources to advance AI large models and public cloud projects, exploring the application of large models in marketing and risk control scenarios within the payment industry. The two parties will jointly develop new products or services based on AI large models, enhancing industry technology levels and competitiveness. The agreement is valid for one year, with no specific cooperation projects or timeline currently established.

According to Hong Kong Stock Exchange documents, on May 6, JP Morgan increased its holding of Alibaba-W shares by approximately 15.856 million shares, raising its ownership from 5.99% to 6.08%, at an average price of 123.4291 HKD per share.

According to Tianyancha App, Beijing Yihang Yuanzhi Technology Co., Ltd. recently underwent business changes, adding Beijing Horizon Information Technology Co., Ltd., Deqing Jintou Dingqing Equity Investment Partnership (Limited Partnership), and Deqing County Industry Development Investment Fund Co., Ltd. as shareholders. The company’s registered capital increased from approximately 1.813 million RMB to about 2.067 million RMB. Established in August 2015, Beijing Yihang Yuanzhi Technology Co., Ltd., with legal representative Yue Pengyu, operates in the sale of automobiles, auto parts, and mechanical equipment. The company is now jointly held by Chen Yuxing, Hangzhou Jingtian Weidi Investment Partnership (Limited Partnership), Beijing Chehejia Information Technology Co., Ltd., and the newly added shareholders. Its website indicates a focus on independent research and development of smart assisted driving systems, specializing in solutions such as ADAS, NOA, FSD, domain controllers, camera modules, driving algorithms, and software, aiming to provide comprehensive auxiliary driving mass production solutions for car manufacturers.

Tianyancha property clue information shows that Beijing JD.com 360 E-Commerce Co., Ltd. recently applied for registration of multiple "AIJoy" trademarks, classified under scientific instruments, transportation equipment, and communication services. The trademarks are currently awaiting substantive examination. Notably, the company previously applied for registration of the "Joyrobotaxi" trademark, which is speculated to be related to preparations for autonomous driving taxis.

According to the Shanghai Exchange disclosure, on May 9, the project status of the CICC Xiamen Affordable Rental Housing Closed Infrastructure Securities Investment Fund and the CICC Vipshop Outlets Closed Infrastructure Securities Investment Fund was updated to "accepted." The original equity holders are Xiamen Anju Group Co., Ltd. and Shanshan Commercial Group Co., Ltd., respectively.

TSMC's new factories in the U.S. have reportedly seen significant production yield achievements, leading to increased interest from U.S. clients in placing orders. Consequently, the third factory of TSMC’s new U.S. plant is starting construction earlier than planned, and the capacities of the subsequent three new factories have been fully booked by clients.