Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises as JD and Alibaba Lead Gains

On July 18th, Eastern Time (Friday), the three major U.S. stock indices showed mixed performances. The S&P 500 Index fell 0.01% to 6,296.79 points; the Dow Jones Index dropped 0.32% to 44,342.19 points; while the Nasdaq Index rose 0.05% to 20,895.66 points.

On July 18th, the Nasdaq China Golden Dragon Index increased by 0.60%.

Regarding popular Chinese concept stocks, JD.com rose 3.76%, Alibaba gained 2.48%, Bilibili increased 2.48%, NetEase climbed 2.20%, Pinduoduo rose 0.97%, XPeng Motors added 0.44%, Baidu grew 0.34%, TSMC fell 2.20%, and NIO decreased 0.46%.

In terms of continuously rising Chinese concept stocks, Li Auto increased by 1.40% over a 10-day rally, with a cumulative gain of 22.57%. Huya rose 2.77% over 9 days, with a cumulative gain of 37.45%. Microbus gained 3.29% over 8 days, with a cumulative increase of 38.36%. Dingdong Maicai rose 1.31% over 7 days, with a cumulative gain of 9.95%. Zhongchi Chafuk rose 3.79% over 7 days, with a cumulative decrease of 3.35%. Wangban Technology increased 5.26% over 7 days, with a cumulative gain of 15.38%.

Regarding continuously falling Chinese concept stocks, Taoping decreased by 3.99% over an 8-day decline, with a cumulative drop of 15.16%. Bawang Chaji fell by 6.19% over 6 days, with a cumulative decrease of 13.62%. Jinsheng Youle dropped 11.47% over 6 days, with a cumulative decline of 32.95%. JinkoSolar decreased 0.09% over 5 days, with a cumulative drop of 5.08%. Lexin declined 2.77% over 5 days, with a cumulative decrease of 10.23%. Silvercorp Metals fell 3.90% over 5 days, with a cumulative decline of 13.28%. ECARX Technologies decreased 9.72% over 5 days, with a cumulative drop of 42.22%. Skechers fell 11.90% over 5 days, with a cumulative decrease of 33.03%. Shengfeng Logistics decreased 0.19% over 5 days, with a cumulative drop of 7.83%. Enlightify fell 1.42% over 5 days, with a cumulative decline of 20.00%. Tiancent Technologies decreased 4.39% over 5 days, with a cumulative drop of 14.21%.

Taobao Flash Sale First-line Operator: Rumored "Subsidy Amount" is Inaccurate; Internal Regulations Strictly Prohibit 0 Yuan Purchase Fake Orders
Recently, some media cited insiders claiming that Taobao Flash Sale's daily subsidy exceeded Meituan last weekend, with a surprising amount. A first-line operator from Taobao Flash Sale clarified: the subsidy amount mentioned by unknown sources is completely inaccurate. There are platforms in the market burning money with "0 yuan purchase" fake orders, but Taobao Flash Sale is definitely not one of them. The operator stated, "Taobao Flash Sale has always emphasized ensuring the actual income and profit margin for merchants, with strict internal regulations prohibiting 0 yuan purchase fake orders." The operator further mentioned: unlike other platforms, Taobao Flash Sale has never set "order targets" internally, and weekends are a traditional peak period for the takeaway market, with operations always following market rules.

Beijing E-commerce Association Issues "Jointly Building a Healthy Development Ecosystem for Instant Retail" Initiative, Forwarded by Taobao and Ele.me
To regulate market order and promote healthy industry development, the Beijing E-commerce Association issued an initiative: Firstly, adhere to compliance boundaries and maintain market fairness; secondly, leverage platform empowerment to assist merchants in achieving mutual benefits; thirdly, fulfill social responsibilities and jointly build a healthy ecosystem. Taobao and Ele.me subsequently forwarded the initiative.

Li Auto's In-Car Large Model Receives Domestic First Batch of Automotive Generative AI Safety Evaluation Certificates
At the 2025 China Automotive Forum, the "Intelligent Cabin Safety Plan - Automotive Generative AI Safety Evaluation" certificate award ceremony was held. Li Auto's in-car large model received the "Generative Content Safety Evaluation Certificate" from the CCIA Automotive Cybersecurity Working Committee and the "Generative Synthesis Content Identification Report" from the AI Generative Synthesis Content Identification Service Platform, becoming one of the first car companies in China to pass the dual national standards certification (GB/T 45654, GB 45438-2025), marking Li Auto's leading position in the field of content safety and identification in generative AI (AIGC).

JD Takeaway Launches One-Stop Government and Corporate Dining Solutions
According to JD.com, to meet the diverse dining needs of employees, JD Takeaway has launched a one-stop government and corporate dining solution.

He Xiaopeng: Low-Altitude Flight Will Change Urban Travel in the Next Decade
On the afternoon of July 18th, He Xiaopeng, Chairman and CEO of XPeng Motors, stated in an interview, "It is expected that in the next decade, low-altitude flying vehicles will change the way cities travel." According to He Xiaopeng, XPeng Motors has over a decade of research and development experience in the field of flying cars. Their first flying car can achieve innovative folding and automatically stow into the car trunk. If mass-produced in 2026, it is expected to become the largest aircraft manufacturer globally.

He Xiaopeng: AI Vehicles Will Grow 100 Times Like New Energy Vehicles in the Past Decade
On the afternoon of July 18th, He Xiaopeng, Chairman and CEO of XPeng Motors, stated in an interview that in the era of AI, high-performance chips are a core point for achieving significant differences in functionality and safety, which both Tesla and XPeng Motors highly recognize. He said, "Today, I believe Chinese cars will become robots in the next 10-20 years, and Chinese robots will enter thousands of households. Chips are the most fundamental basis for this development." In his view, cars are products designed for ten years of use, so laying a solid foundation with computational chips and other hardware from the start will be a crucial step. He noted that in the past decades, changes in fuel cars in terms of power and body have slowed, but changes in software and AI are accelerating. In the next decade, AI vehicles will grow 100 times like new energy vehicles in the past decade, and the industry is currently in its early stages.

He Xiaopeng: China Will Surpass the U.S. in L2 and L3 Intelligent Driving
He Xiaopeng, Chairman and CEO of XPeng Motors, stated in an interview that only China and the U.S. are doing well in intelligent driving globally. Currently, both are on the same level, and China may excel in L2 and L3, surpassing the U.S.

Expensive "Crazy Saturday" for Takeaway: Meituan's Single-Day Subsidy of 400 Million, Taobao Flash Sale Over 1.2 Billion
Starting July 5th, platforms like Meituan and Taobao Flash Sale suddenly launched a new round of takeaway battles. For the past two Saturdays, both platforms have extensively distributed "0 yuan takeaway" coupons and discount vouchers to boost order volume. According to insiders, last Saturday (July 12th), Meituan's subsidy amounted to 3-4 billion, while Taobao Flash Sale's subsidy exceeded 1.2 billion. In the past two weeks, the weekday subsidy for Taobao Flash Sale has been around 4 billion per day.