Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises; NIO and JD.com Lead Gains

On July 8th, Eastern Time (Tuesday), the three major U.S. stock indexes fluctuated, with the S&P 500 index down 0.07% to 6225.52 points, the Dow Jones index down 0.37% to 44240.76 points, and the Nasdaq index up 0.03% to 20418.46 points.

On July 8th, the Nasdaq Golden Dragon China Index rose by 0.71%.

In terms of popular Chinese concept stocks, NIO rose 2.35%, JD.com rose 2.12%, Alibaba rose 1.61%, Pinduoduo rose 1.00%, Baidu rose 0.55%, Bilibili rose 0.33%, NetEase rose 0.16%, XPeng Motors rose 0.14%, and TSMC fell 0.57%.

Melco Resorts & Entertainment rose 2.21% for 13 consecutive days with a cumulative increase of 40.13%. BIT Mining rose 1.23% for 10 consecutive days with a cumulative increase of 30.69%. Full Truck Alliance rose 3.08% for 7 consecutive days with a cumulative increase of 8.18%. Zhihu rose 2.78% for 7 consecutive days with a cumulative increase of 25.33%. ACM Research rose 1.97% for 6 consecutive days with a cumulative increase of 10.67%. Waterdrop rose 0.70% for 6 consecutive days with a cumulative increase of 7.52%. Burning Rock Biotech rose 3.93% for 6 consecutive days with a cumulative increase of 20.92%.

Jiayuda fell 1.72% for 7 consecutive days with a cumulative decrease of 9.92%. China Natural Resources fell 2.37% for 7 consecutive days with a cumulative decrease of 17.22%. Microbus fell 4.22% for 6 consecutive days with a cumulative decrease of 31.17%. Link Motion fell 6.47% for 5 consecutive days with a cumulative decrease of 34.68%. Hoxinh Holdings fell 3.74% for 5 consecutive days with a cumulative decrease of 8.12%.

Sunlight: Jin Fuyuan No. 5 Fund and concerted actors reduce holdings by 0.4127%
Sunlight announced that the shareholders Jin Fuyuan No. 5 Fund and its concerted actors Jin Fuyuan Tian Tian No. 2 Fund have reached the end of the reduction plan period. Jin Fuyuan No. 5 Fund reduced 917,800 shares through centralized bidding transactions, with an average reduction price of 18.41 yuan/share, and a reduction ratio of 0.4122%. Jin Fuyuan Tian Tian No. 2 Fund reduced 1,000 shares through centralized bidding transactions, with an average reduction price of 15.3 yuan/share, and a reduction ratio of 0.0004%. The total reduction was 918,800 shares, accounting for 0.4127% of the total share capital. After the reduction, the holding ratio of Jin Fuyuan No. 5 Fund dropped to 4.5958%, and the holding ratio of Jin Fuyuan Tian Tian No. 2 Fund dropped to 0.0000%.

Alibaba: Repurchased 748,000 shares on July 7th
Alibaba announced that on July 7, 2025, it repurchased 748,000 shares on the New York Stock Exchange for cancellation but has not yet canceled them. The repurchase price ranged from $13.24 to $13.52 per share, with a total payment of $9,989,100.

JD Takeout announces investment of over 10 billion to support quality merchants
On July 8th, JD Takeout announced the official launch of the "Double Hundred Plan," investing over 10 billion yuan to support more category benchmark brands to achieve sales of over one million. As of July 8th, nearly 200 catering brands have achieved sales of over one million on JD Takeout in the four months since its launch. Luckin Coffee, Cotti, and Mixue Bingcheng have become the first brands to achieve sales of over 100 million on JD Takeout. More than 10 brands, including Ba Wang Cha Ji, Gu Ming, Tasting, and Wallace, have achieved sales of over 10 million.

Li Auto: Weekly sales of 7,200 vehicles in the 27th week of 2025 (6.30-7.6)
Li Auto reported weekly sales of 7,200 vehicles in the 27th week of 2025 (6.30-7.6).