Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises Despite Declines in Major Stocks

On December 27 (Friday) Eastern Time, all three major U.S. stock indices closed down. The S&P 500 index fell by 1.11% to 5,970.84 points; the Dow Jones index dropped by 0.77% to 42,992.21 points; the Nasdaq index declined by 1.49% to 19,722.03 points.

On December 26, the Nasdaq Golden Dragon China Index rose by 0.42%.

Among popular Chinese concept stocks, XPeng Motors fell by 4.75%, NIO dropped by 4.37%, JD.com decreased by 3.18%, Bilibili declined by 2.69%, Baidu fell by 1.87%, Pinduoduo dropped by 1.44%, Alibaba decreased by 1.18%, NetEase declined by 0.90%, and TSMC fell by 0.72%.

In terms of rising Chinese concept stocks, Li Auto increased by 0.67% over eight consecutive days with a cumulative rise of 16.93%; Jiyuda rose by 1.49% over seven consecutive days with a cumulative rise of 52.38%; Autohome increased by 0.75% over six consecutive days with a cumulative rise of 2.69%; Lotus Technology rose by 3.23% over six consecutive days with a cumulative rise of 21.64%; Niu Technologies increased by 1.61% over six consecutive days with a cumulative rise of 9.25%; Chengdao Tong Environmental Protection rose by 1.43% over six consecutive days with a cumulative rise of 13.00%; Taihecheng Medical increased by 2.45% over six consecutive days with a cumulative rise of 14.61%; Union Technology rose by 4.89% over six consecutive days with a cumulative rise of 18.48%.

In terms of declining Chinese concept stocks, Paiming Semiconductor City fell by 3.87% over six consecutive days with a cumulative decline of 13.85%; Ruitu Ecology dropped by 1.07% over five consecutive days with a cumulative decline of 9.31%; MKDWELL Tech fell by 8.60% over five consecutive days with a cumulative decline of 24.32%; Dingdong Maicai dropped by 2.08% over four consecutive days with a cumulative decline of 7.84%; Yishengxin fell by 5.26% over four consecutive days with a cumulative decline of 40.00%; Ata Creativity dropped by 2.26% over four consecutive days with a cumulative decline of 9.23%; 36Kr fell by 2.26% over four consecutive days with a cumulative decline of 15.13%.

Chinese Concept Stock News

China Merchants Group Signs Strategic Cooperation Agreement with JD Group
China Merchants Group first reached a strategic cooperation with JD Group in 2018 and renewed the cooperation in 2021.

Oriental Selection Discloses Self-operated Product Data, Launches "Gift" Function in WeChat Store
According to reports, Oriental Selection has launched the "gift" function in its WeChat store after the feature was introduced on WeChat, with self-operated Red Beauty strawberries and Aksu apples becoming the best-selling gift products. Additionally, Oriental Selection disclosed sales data for self-operated products: since the launch of the self-operated product business three years ago, top-selling products include Oriental Selection self-operated sausages, eggs, milk, toast, and fruit jelly oranges, with self-operated sausages selling over 230 million units.

Leju Robotics Launches Humanoid Robot Production Line, Expected Annual Production of 200 Units
On December 27, Leju Robotics officially launched its humanoid robot production line in Suzhou, Jiangsu Province, marking a significant step in high-tech manufacturing for the province. This is Jiangsu's first production line dedicated to producing humanoid robots, with an expected annual capacity of 200 units.

Hesai Technology Announces Cumulative Production Designated Models Exceed 100
Lidar company Hesai Technology announced new model designations from three of the top five domestic automakers, along with multiple new model designations from leading OEMs such as Great Wall and Changan. Hesai Technology has accumulated over 100 designated models from 21 automakers for mass production.

TSMC Expands Investment in Kaohsiung, P4 and P5 Plants Expected to Start Construction Next Year
TSMC continues to expand its investment in Kaohsiung, planning to commence the expansion on land east of the P3 plant, continuing the advancement of its process technology, with completion and application for use expected in 2026. The expanded P4 and P5 plants are expected to begin construction in 2025.

Li Auto Establishes Sales and Service Company in Yuncheng, Including Used Car Brokerage Business
According to information, Li Auto recently established Li Xiangzhi Automobile Sales Service (Yuncheng) Co., Ltd., with Lu Qing as the legal representative and a registered capital of 1 million RMB. The business scope includes car sales, new energy vehicle sales, used car brokerage, information consulting services, retail and wholesale of auto parts, and micro and small passenger car rental services. The company is wholly owned by Beijing Liding Automobile Sales Co., Ltd., a subsidiary of Li Auto.

South Korea Plans to Invest 20 Trillion Won to Establish "Korean Semiconductor Manufacturing Company" Modeled After TSMC
According to reports, amid intensifying global semiconductor competition, South Korea plans to invest 20 trillion won (approximately 13.9 billion USD) to support the domestic chip industry, emulating the successful model of Taiwan's TSMC to establish the "Korean Semiconductor Manufacturing Company" (KSMC) to address the imbalance in the domestic chip industry. During a recent seminar at the National Academy of Engineering of Korea (NAEK), industry and academic representatives proposed establishing a government-funded chip foundry—Korean Semiconductor Manufacturing Company (KSMC)—to diversify manufacturing processes, including both advanced and traditional processes, and create a balanced ecosystem between foundry and fabless companies, enhancing competitiveness in the global market.