Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises with Nio Leading Gains; Alibaba Completes $3.2 Billion Bond Issuance

On September 16th, Eastern Time (Tuesday), all three major U.S. stock indices closed lower. The S&P 500 fell by 0.13% to 6606.76 points; the Dow Jones dropped by 0.27% to 45757.90 points; and the Nasdaq decreased by 0.07% to 22333.96 points.

On September 16th, the Nasdaq Golden Dragon China Index rose by 1.76%.

Regarding popular Chinese concept stocks, NIO increased by 8.24%, Baidu rose by 7.81%, JD.com went up by 3.24%, Alibaba gained 2.69%, NetEase rose by 1.45%, Pinduoduo increased by 1.31%, Bilibili went up by 1.15%, XPeng Motors increased by 0.54%, and TSMC rose by 0.51%.

In the category of continuously rising Chinese concept stocks, Dragon Acquisition rose by 0.19% over 23 consecutive days, with a cumulative increase of 0.58% during this period. Vipshop increased by 0.88% over 12 days, with a cumulative rise of 9.88%. ECARX Technologies rose by 12.64% over 8 days, with a total increase of 33.99%. Ata Creativity increased by 17.51% over 7 days, with a cumulative rise of 25.31%. CrownTech Mobile rose by 31.11% over 7 days, with a total increase of 136.05%.

In the category of continuously falling Chinese concept stocks, Ritu Eco decreased by 0.14% over 6 days, with a cumulative drop of 40.54%. Sanhe Intelligent declined by 0.65% over 5 days, with a total decrease of 49.83%. DeSwell Industries fell by 3.36% over 5 days, with a cumulative drop of 10.28%. Pintec decreased by 5.48% over 5 days, with a total decline of 18.63%. Max Engine Intelligence fell by 7.08% over 4 days, with a cumulative drop of 14.75%. Kaixin Yuanda decreased by 3.83% over 4 days, with a total decline of 14.83%. Wadi International fell by 4.55% over 4 days, with a cumulative drop of 18.33%. Haichuan Securities decreased by 16.55% over 4 days, with a total decline of 29.01%. Elon Energy fell by 0.90% over 4 days, with a cumulative drop of 11.72%. Gongwu Park decreased by 7.15% over 4 days, with a total decline of 13.97%.

Alibaba announced on the Hong Kong Stock Exchange that it has completed the issuance of approximately $3.2 billion zero-coupon convertible senior notes.

Recently, AI video generation company "Aishi Technology" completed a Series B financing round, with a total amount exceeding $60 million. This round was led by Alibaba, with participation from Fortune Capital, Shenzhen Capital Group, Beijing AI Fund, Hunan Broadcasting System, Giant Network, and Antler. It is understood that this is the largest single financing amount in the domestic video generation field.

The stock price of Ctrip Group on the Hong Kong Stock Exchange broke through 600 HKD, setting a new historical high, with an intraday increase of 4.4% and a total market value exceeding 420 billion HKD.