Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises as Nio and NetEase Gain, Li Auto Accelerates Tech Updates

On the evening of August 28th, Eastern Time, the three major U.S. stock indexes collectively closed higher. The S&P 500 index rose by 0.32% to 6501.86 points; the Dow Jones index increased by 0.16% to 45636.90 points; and the Nasdaq index gained 0.53% to 21705.16 points.

On August 28th, the Nasdaq Golden Dragon China Index increased by 0.14%.

Among popular Chinese concept stocks, NIO rose by 2.60%, NetEase increased by 2.35%, Baidu gained 1.24%, Pinduoduo remained unchanged at 0.00%, XPeng Motors dropped by 3.48%, Alibaba decreased by 2.18%, JD.com fell by 1.40%, TSMC declined by 0.50%, and Bilibili was down by 0.13%.

The following Chinese concept stocks showed continuous gains: RLX Technology increased by 2.92% over 9 days, with a cumulative gain of 15.96%. China Yuchai International rose by 0.89% over 7 days, with a cumulative gain of 8.84%. OneSmart Education Group increased by 1.54% over 7 days, with a cumulative gain of 66.39%. Tuya Smart rose by 4.85% over 6 days, with a cumulative gain of 21.12%. Melco Resorts & Entertainment increased by 1.72% over 5 days, with a cumulative gain of 12.89%. ZY Bioscience rose by 1.26% over 5 days, with a cumulative gain of 32.39%. Jinxin Technology increased by 5.84% over 5 days, with a cumulative gain of 52.62%. Smart Charging rose by 2.31% over 5 days, with a cumulative gain of 17.46%. Gongwuyuan increased by 5.23% over 5 days, with a cumulative gain of 14.87%.

The following Chinese concept stocks showed continuous declines: Huize Insurance decreased by 5.08% over 6 days, with a cumulative loss of 35.50%. Hutchmed dropped by 0.87% over 5 days, with a cumulative loss of 7.95%. Next Technology fell by 51.75% over 5 days, with a cumulative loss of 76.61%. Bilibili decreased by 0.13% over 4 days, with a cumulative loss of 6.51%. Ascentage Pharma dropped by 0.65% over 4 days, with a cumulative loss of 14.13%. Qifu Tech fell by 2.36% over 4 days, with a cumulative loss of 7.76%. Autohome decreased by 0.07% over 4 days, with a cumulative loss of 3.13%. Xinye Technology dropped by 2.45% over 4 days, with a cumulative loss of 11.45%. Dajian Yuncang fell by 1.17% over 4 days, with a cumulative loss of 15.82%. Xiaoying Technology decreased by 1.00% over 4 days, with a cumulative loss of 5.66%. Dingdong Maicai dropped by 0.93% over 4 days, with a cumulative loss of 7.83%. Inlife decreased by 1.36% over 4 days, with a cumulative loss of 4.80%. Stark fell by 28.36% over 4 days, with a cumulative loss of 43.25%. Gulf Resources dropped by 1.65% over 4 days, with a cumulative loss of 6.82%. 36Kr decreased by 6.25% over 4 days, with a cumulative loss of 10.89%. Xiangsong International fell by 11.05% over 4 days, with a cumulative loss of 25.22%. Yidianxing dropped by 39.68% over 4 days, with a cumulative loss of 44.04%.

Li Auto CEO Li Xiang: Li Auto to Accelerate Iteration in Technology Platform and Product Updates
On the evening of August 28th, Li Xiang, Chairman and CEO of Li Auto, stated during the Q2 earnings call that Li Auto will reduce the number of SKUs (i.e., types and configurations of models) and return to the era of Li ONE and L9. He also revealed that Li Auto will accelerate the iteration speed in the technology platform and product updates. "The problem we are facing now is that when we make a move, our competitors make two. Our iteration frequency allows competitors to watch and learn from our moves, so we must accelerate the speed of technology platform and product updates to ensure a faster move frequency."

Rumors of Li Auto Releasing First AI Glasses in September: Li Auto Responds as False
On August 28th, rumors circulated that Li Auto might release its first AI glasses as early as next month, to be unveiled alongside a new car. The rumor suggested that the AI glasses project is a significant part of Li Auto's transformation from an automotive manufacturer to an artificial intelligence company. Despite primarily focusing on AI filming glasses, future plans may involve full-color AR glasses. However, Li Auto responded, stating that the recent rumors about AI glasses being released in September are false. Please refer to official information from Li Auto for future updates.

Li Auto: Second Quarter Net Profit of 1.097 Billion Yuan, Slight 0.4% Decline Year-on-Year
Li Auto announced that its operating income for the second quarter of 2025 was 30.246 billion yuan, a year-on-year decrease of 4.5%. The net profit attributable to ordinary shareholders was 1.097 billion yuan, a slight decline of 0.4% year-on-year. The non-GAAP net profit was 1.468 billion yuan, a slight decline of 2.3% year-on-year.

Baidu's Shen Dou: Smart Economy Era Calls for AI-First Cloud
At the Baidu Cloud Intelligence Conference held on August 28th, Shen Dou, Executive Vice President of Baidu Group and President of Baidu Intelligent Cloud Business Group, outlined the new positioning of cloud vendors in the AI-native era. Shen acknowledged that all emotions are reasonable during periods of technological change, but one thing is certain: the intellectual limit of large models will continue to rise, and their applications will fundamentally change industry structures. "This will bring vast market opportunities and infinite possibilities. The last major industry transformation was during the internet era, and the value created by AI will far exceed that of the internet." To help enterprises and users better embrace the "AI+" era, Baidu Intelligent Cloud has newly upgraded its Baige AI Computing Platform 5.0 and Qianfan Enterprise AI Development Platform 4.0, enabling enterprises to deploy and develop AI products at lower costs and higher efficiency. "As the way value is created is restructured, the industrial chain will evolve, and AI will enter a true 'super cycle.' Today, we are at the beginning of this super cycle, accelerating into the era of smart economy," Shen said.

Xpeng Motors Successfully Registers ROBOARK Trademark, Applicable to Robots
According to Qichacha, Guangdong Xpeng Motors Technology Co., Ltd. recently successfully registered the "ROBOARK" trademark, classified under international category 9 for scientific instruments. The goods/services applied for include: security monitoring robots; humanoid robots with communication and learning functions for assisting humans and providing entertainment; laboratory robots; microchips, etc. It is speculated that "ROBO" (robot) + "ARK" (ark) refers to L4 level autonomous driving solutions or robotic technology platforms.

Alicloud Bai Lian Model to Change from Time-Limited Free to Time-Limited Quota
Alicloud Bai Lian announced that starting from 03:00 Beijing time on August 29th, 2025, some model calls will change from time-limited free to time-limited quota. Users will enjoy a free token quota of 1 million, and the platform will automatically stop service once the free quota is exhausted.

Trip.com Group: Second Quarter Net Revenue of 14.8 Billion Yuan, Up 16% Year-on-Year
On the morning of August 28th, Trip.com Group disclosed at the Hong Kong Stock Exchange that its net revenue for the second quarter of 2025 was 14.8 billion yuan, a year-on-year increase of 16% and a quarter-on-quarter increase of 7%, mainly due to increasingly strong travel demand, especially during holidays. The net profit attributable to Trip.com Group shareholders for the second quarter of 2025 was 4.8 billion yuan, compared to 3.8 billion yuan in the same period in 2024 and 4.3 billion yuan in the previous quarter.

Trip.com Group Authorized to Repurchase Up to $5 Billion in Stock
Trip.com Group-S announced at the Hong Kong Stock Exchange that its board of directors approved a new stock repurchase plan in August 2025. Under the plan, the company is authorized to repurchase up to $5 billion worth of issued ordinary shares and/or American Depositary Receipts, subject to market conditions and applicable laws and regulations. Repurchases may be conducted from time to time through open market purchases, private transactions, block trades, and/or other legally permissible means based on the repurchase authorization granted or to be granted by the company's annual general meeting of shareholders, if applicable.