icon
icon
icon
icon
Upgrade
Upgrade

News /

Articles /

Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises as NIO and XPeng Lead Gains

Market BriefThursday, May 8, 2025 6:32 pm ET
5min read

On May 8th (Thursday), Eastern Time, the three major U.S. stock indices collectively rose. The S&P 500 Index increased by 0.58%, closing at 5663.94 points; the Dow Jones Index rose by 0.62%, closing at 41368.45 points; and the Nasdaq Index gained 1.07%, closing at 17928.14 points.

On May 8th, the Nasdaq Golden Dragon China Index rose by 0.97%.

Regarding popular Chinese concept stocks, NIO increased by 3.26%, XPeng Motors rose by 2.16%, Alibaba gained 2.09%, Bilibili increased by 1.76%, Baidu rose by 1.10%, JD.com gained 0.89%, Pinduoduo increased by 0.47%, TSMC rose by 0.40%, and NetEase increased by 0.01%.

Baozun E-commerce rose by 9.15% with a streak of 9 days and a cumulative increase of 50.42% over the streak period. Li Auto rose by 3.58% with a streak of 7 days and a cumulative increase of 12.66% over the streak period. Rongye Foods increased by 14.23% with a streak of 6 days and a cumulative gain of 41.27% over the streak period. Zhengkang International had a significant rise of 123.01% with a streak of 6 days and a cumulative gain of 150.00% over the streak period. Juhao Mall rose by 14.43% with a streak of 6 days and a cumulative increase of 34.50% over the streak period. Jinxuan Group increased by 0.83% with a streak of 6 days and a cumulative gain of 2.95% over the streak period.

Meiwu Technology fell by 7.39% with a streak of 6 days and a cumulative decrease of 26.56% over the streak period. Energy Link Intelligent Power dropped by 2.68% with a streak of 5 days and a cumulative decrease of 10.00% over the streak period. Autohome decreased by 0.82% with a streak of 4 days and a cumulative drop of 6.82% over the streak period. Hesai fell by 1.54% with a streak of 4 days and a cumulative decrease of 12.85% over the streak period. 21Vianet dropped by 4.76% with a streak of 4 days and a cumulative decrease of 15.25% over the streak period. Nabate decreased by 0.69% with a streak of 4 days and a cumulative drop of 11.52% over the streak period. Huiyang New Energy fell by 0.99% with a streak of 4 days and a cumulative decrease of 8.99% over the streak period. XChange dropped by 9.34% with a streak of 4 days and a cumulative decrease of 35.04% over the streak period.

BeiGene announced that their total revenue for the first quarter of 2025 was $1.06 billion, marking a 22% year-on-year increase. Product net revenue was $1.06 billion, up 21% from the previous year. The operating loss was $56.3 million, a decrease of 20%, and the adjusted operating loss was $37.1 million, down 25% year-on-year. As of March 31, 2025, cash reserves stood at $857 million. The company projects full-year revenue guidance for 2025 to be between $560 million and $590 million.

Baidu Apollo and Shenzhou Car Rental held a strategic signing ceremony in Beijing, announcing their deep cooperation. Together, they will launch the world's first autonomous driving car rental service.

JD.com announced the launch of its "JD TGT - Top Young Technology Talent Program," targeting global recruitment in areas such as multimodal AI models and applications, spatial and embodied intelligence, machine learning, search recommendation advertising, and more. There is no cap on the compensation offered.

The Shanghai Stock Exchange website recently disclosed that the status of the CITIC-VIP Outlet REIT project is "filed." The project's original equity holder is Shanshan Commercial Group Co., Ltd., with CITIC Fund serving as the fund manager. If successfully issued, this would be the second public REIT in mainland China with outlet assets as the underlying assets, and the second product with a private enterprise as the original equity holder. The project's underlying assets are expected to be Shanshan Commercial's outlets in core city groups such as Nanchang, Ningbo, and Taiyuan, exhibiting stable cash flow performance.

According to the third-party data agency Quest Mobile, on May 7th, Idle Fish successfully topped four major rankings with its expanding user base and youthful community atmosphere. The report indicates that Idle Fish ranked first in the "High-line City Populations' Media Preference APP TOP List," becoming the most favored app among first-tier, new first-tier, and second-tier city populations. Additionally, Idle Fish's monthly active user scale continued to expand, reaching 209 million in March 2025, growing by nearly 20% year-on-year, placing it in the top ten of the "APP User Scale Growth List MAU Billion Level," with the fastest growth rate among e-commerce apps.

Recently, China Resources Vanguard nationwide stores fully launched "Alipay Touch Pay" quick payment and digital services, covering all retail formats like boutique supermarkets, comprehensive supermarkets, and community supermarkets. As a leading enterprise in China's retail industry, China Resources Vanguard's deep cooperation with Alipay marks a significant step towards the industry's transformation into smart retail.

Ant Group disclosed on April 24th that "Alipay Touch Pay" has launched 17 products across different scenarios such as payments, ordering, and door opening, with over 5000 brands and tens of thousands of stores offering "Touch Pay" services to users. The number of users has exceeded 100 million, covering over 400 cities nationwide. China Resources Vanguard's relevant person-in-charge stated that this innovative payment method, due to its efficient and convenient characteristics, has been popular with consumers upon its launch. Concurrently, "Alipay Touch Pay" has also made significant contributions to promoting businesses' digital operations. In the future, both parties plan to explore deeper cooperation in membership services, precise marketing, and more possibilities in the digital transformation of the retail industry.

This year's Tmall 618 sales time and latest rules have been announced, and registration is officially open. Compared to previous years, this year's Tmall 618 is extremely simple, with only one official mechanism—"Official Discounts." The basic discount starts at 15% off, with a maximum discount of 50%, making transactions simpler and the benefits more direct for consumers.

Additionally, Tmall 618 will start early, with the first wave of pre-sale beginning at 8 PM on May 13th, and final payment and spot purchase time from 8 PM on May 16th to midnight on May 26th.

After announcing a 20 billion subsidy increase for Taobao Live during the 618 period, Taobao and Tmall signed a strategic cooperation with Xiaohongshu on May 7th. Taobao and Tmall will increase their investment in brand promotion and open the effect advertising chain for the first time, adding the "ad linking" feature under notes to achieve a complete link from Xiaohongshu planting to Taobao purchasing, promoting business growth for quality brands and merchants.

This year, Tmall 618 activity products "Official Discounts start at 15%," with a maximum discount of 50%, applicable to a single item. Official Discounts can be stacked with other single product discounts (such as early N and targeted discounts) and cross-store discounts (such as category coupons), with no upper limit.

On May 8th, Youku released its 2025 slate, announcing over 200 premium content pieces, including multiple costume dramas like "Cang Hai Chuan," "Chang'an Twenty-four Strategies," "Tang Palace Case of Qingwu Fengming," and 19 premium suspense dramas like "Suspense" and "Peeling."

Recently, China Resources Vanguard partnered with Alipay to fully launch "Alipay Touch Pay" quick payment and digital services nationwide, covering all retail formats like boutique supermarkets, comprehensive supermarkets, and community supermarkets.

Recently, there was news claiming that the annual salary of Li Xiang, Chairman and CEO of Li Auto, was 639 million yuan, far exceeding other executives like Ma Donghui, Executive Director, and President, and Li Tie, Chief Financial Officer. On May 7th, Li Auto responded that Li Xiang's total actual salary for 2024 was 2.66 million yuan.

The disclosed 639 million yuan is a special accounting cost for options according to U.S. accounting standards for listed companies, not Li Xiang's actual salary income. Li Auto stated that, according to their stock incentive plan, Li Xiang would need to achieve company-set sales targets and pay an additional $29.26/ADS (1 ADS = 2 shares of A-class ordinary shares in the Hong Kong Stock Exchange, currently approximately $25/ADS). This means, based on the closing price of $25.68 on May 6th, Li Xiang would have to pay an additional 32 million USD, equivalent to 230 million RMB, to execute the option plan.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.