Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises as JD, XPeng Drive Gains

On May 29th (Thursday), Eastern Time, U.S. stock markets saw all three major indices rise collectively. The S&P 500 Index increased by 0.40%, closing at 5912.17 points; the Dow Jones Index rose by 0.28%, closing at 42215.73 points; and the Nasdaq Index went up by 0.39%, closing at 19175.87 points.

On May 29th, the Nasdaq China Golden Dragon Index increased by 1.44%.

Regarding popular Chinese concept stocks, JD.com rose by 4.31%, XPeng Motors increased by 3.93%, Baidu went up by 1.44%, TSMC rose by 0.54%, Pinduoduo increased by 0.45%, Alibaba went up by 0.39%, NetEase rose by 0.33%, NIO increased by 0.14%, and Bilibili fell by 0.26%.

In terms of consistently rising Chinese concept stocks, Cheetah Mobile increased by 1.23% with a consecutive rise over six days, accumulating a 12.14% increase over the period. UCLOUDLINK rose by 2.90% over six days, accumulating a 35.70% increase. Sunlands Online Education Group saw a 47.00% rise over five days, with a cumulative increase of 120.96%. Austin Technology rose by 2.58% over five days, accumulating an 18.26% increase. Yum China increased by 2.97% over four days, accumulating a 5.29% increase. Full Truck Alliance Co. Ltd rose by 1.50% over four days, accumulating a 9.16% increase. Qudian increased by 0.34% over four days, accumulating a 6.86% increase. Sohu rose by 23.56% over four days, accumulating a 54.68% increase. ReneSola Ltd increased by 0.41% over four days, accumulating a 7.67% increase. Zhongpin Inc rose by 12.32% over four days, accumulating a 31.36% increase. ROKU increased by 1.36% over four days, accumulating a 12.68% increase. Wuxi Apptec rose by 8.78% over four days, accumulating a 26.25% increase.

Regarding consistently declining Chinese concept stocks, Kingsoft Cloud decreased by 0.59% over seven days, accumulating a 15.94% decline. Ruoyuchen fell by 3.61% over six days, accumulating a 33.33% decline. Hesai Technology decreased by 3.15% over four days, accumulating a 6.80% decline. Next Technology fell by 3.38% over four days, accumulating an 18.70% decline. Tuniu decreased by 0.04% over four days, accumulating a 3.15% decline. Hoth Therapeutics fell by 1.96% over four days, accumulating an 8.81% decline. Xiao-i Robot decreased by 6.82% over four days, accumulating a 19.15% decline. Ebang International Holdings fell by 1.54% over four days, accumulating an 8.52% decline. BTC Digital decreased by 2.41% over four days, accumulating a 17.31% decline. X3 Holdings fell by 3.73% over four days, accumulating a 14.57% decline. Fangdd Network Group Ltd decreased by 0.56% over four days, accumulating an 8.33% decline. Skywell Biotech fell by 5.36% over four days, accumulating a 24.29% decline. Huaxia Boya decreased by 7.43% over four days, accumulating a 35.20% decline.

Li Auto: New Models to Return to Monthly Sales of 50,000 Units; Will Launch Sedan Products Based on Market Demand
Li Auto's management stated in its first-quarter earnings call that after the launch of its new models, weekly sales have exceeded 10,000 units, and as of May, the market share in the above 200,000 yuan segment is 14.7%. Li Auto is confident that its new models will soon return to a monthly sales level of 50,000 units. After supporting annual revenue of 300 billion yuan with its extended-range and all-electric SUVs and the Li Auto MEGA, Li Auto will launch MPV and sedan products based on market demand to meet domestic and key overseas market needs.

Li Auto: First Quarter of 2025 Net Profit of 647 Million RMB, Year-on-Year Growth of 9.4%
Li Auto announced that for the quarter ending March 31, 2025, total revenue reached 25.9 billion RMB (3.6 billion USD), a year-on-year increase of 1.1%, and a quarter-on-quarter decrease of 41.4%. Quarterly deliveries were 92,864 units, a year-on-year increase of 15.5%. In the first quarter of 2025, vehicle sales revenue was 24.7 billion RMB (3.4 billion USD), a year-on-year increase of 1.8%, and a quarter-on-quarter decrease of 42.1%. Vehicle gross margin was 19.8%, a year-on-year increase of 0.5 percentage points, and a quarter-on-quarter increase of 0.1 percentage points. Net profit was 647 million RMB (89.1 million USD), a year-on-year increase of 9.4%, and a quarter-on-quarter decrease of 81.7%. Non-GAAP net profit was 1.014 billion RMB (139.8 million USD), a year-on-year decrease of 20.5%, and a quarter-on-quarter decrease of 74.9%. Diluted net earnings per ADS attributable to ordinary shareholders were 0.62 RMB (0.08 USD), a year-on-year increase of 10.7%, and a quarter-on-quarter decrease of 81.3%.

JD.com and Xiaohongshu Launch "Red JD Plan": Xiaohongshu Ads Can Redirect to JD.com Shopping Pages
JD.com and Xiaohongshu have upgraded their strategic cooperation to launch the "Red JD Plan," providing a new path for business growth for brands and merchants. Specifically, starting June 5th this year, except for certain special categories, all brands and merchants on JD.com can use the "Grass Direct" feature on Xiaohongshu, allowing ads placed on Xiaohongshu to include JD.com shopping links, enabling users to click the ads and directly jump to the JD.com app, achieving one-step conversion from content planting to transaction.

Meitu Imaging, Yingmi Qiandai, and Over 40 MCP Applications Launch on Alibaba Cloud Bailian
Recently, over forty MCP services, including Meitu Imaging, Yingmi Qiandai, and Xiaoice Digital Human, have launched for the first time on the Bailian MCP Plaza, helping users quickly build AI intelligent applications in fields such as image editing, financial analysis, and digital humans. Enterprises and developers can directly deploy and call these MCP tools on the Bailian platform and customize the development of agents.

NIO Energy and Zeekr Energy Achieve Charging Interconnection Cooperation
NIO's official Weibo announced: On May 29th, NIO Energy and Zeekr Energy officially achieved charging interconnection cooperation. NIO will work with Zeekr to enhance power charging, providing users with extensive coverage, efficient query, and convenient usage of charging services. NIO, Ledao, and Firefly users can find and use Zeekr Energy charging piles through apps, in-car charging maps, and charging apps, enjoying a more convenient charging experience.