Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises Amid TSMC and XPeng Gains

On August 7th (Thursday), Eastern Standard Time, the three major U.S. stock indices showed mixed movements. The S&P 500 Index fell by 0.08%, closing at 6340.00 points; the Dow Jones Index dropped by 0.51%, closing at 43968.64 points; and the Nasdaq Index rose by 0.35%, closing at 21242.70 points.

On August 7th, the Nasdaq Golden Dragon China Index rose by 0.95%.

Among popular Chinese concept stocks, TSMC rose by 4.87%, XPeng Motors increased by 1.79%, NIO rose by 1.41%, JD.com gained 1.31%, Baidu increased by 0.76%, Pinduoduo rose by 0.22%, Alibaba increased by 0.09%, Bilibili fell by 1.50%, and NetEase dropped by 0.54%.

Companies showing continuous gains among Chinese concept stocks include: Star Fashion with a recent increase of 4.85% and a consecutive gain period over 8 days totaling 31.49%; Gaotu with a gain of 0.83% over 6 days totaling 4.90%; Tongcheng Tongmei with a rise of 5.42% over 6 days totaling 40.00%; Ascent Pharmaceuticals with a gain of 0.30% over 5 days totaling 15.70%; Waterdrop with a rise of 0.58% over 5 days totaling 8.07%; UCLOUDLINK with an increase of 10.25% over 5 days totaling 20.20%; ZIBO Technology with a rise of 0.98% over 5 days totaling 18.39%; China Auto Service with an increase of 0.97% over 5 days totaling 3.76%; LightInTheBox with a rise of 4.94% over 5 days totaling 11.38%; and Maytech with an increase of 0.72% over 5 days totaling 5.89%.

Companies showing continuous declines among Chinese concept stocks include: MaxSmart Engine with a recent decline of -1.43% over 8 days totaling -16.19%; Jiayou Holdings with a drop of -1.52% over 7 days totaling -17.24%; Kebb Technology with a decline of -9.13% over 7 days totaling -29.21%; Douyu with a drop of -3.64% over 5 days totaling -14.32%; Mercurity Fintech with a decline of -7.24% over 4 days totaling -16.12%; Antelope Holdings with a drop of -19.50% over 4 days totaling -30.60%; and Rayya Electronics with a decline of -6.62% over 4 days totaling -27.74%.

Taobao Flash Sale Customer Service Responds to System Malfunction
Users on multiple social platforms have reported that Taobao Flash Sale has "crashed." Some users claim that "food being delivered is shown as out of delivery range," making delivery services unusable; others state that after placing an order, there's a wait of over an hour without any delivery personnel accepting the order, and the order cannot be canceled. In response, Taobao Flash Sale's official customer service stated that there is a system app malfunction, and recovery is currently ongoing.

Guangdong Provincial Communications Administration Conducts Research at VIVO and JD.com
On August 6, 2025, the Guangdong Provincial Communications Administration, led by Secretary and Director Cai Lizhi, along with relevant leaders from basic telecom enterprises, the tower company, and the service company, conducted research at VIVO's Dongguan headquarters and JD.com's Asia No.1 Dongguan Machong Logistics Park. The research team visited VIVO's Dongguan headquarters' smart manufacturing workshop, product showroom, and JD.com’s AI smart dispatch stacking system, smart conveyor system, and "dark warehouse." They learned about the integration and empowerment of AI and other next-generation information technologies in smart manufacturing and smart logistics. During the research, discussions on deepening cooperation in combating telecom network fraud in communication, terminal, and internet fields were held.

Baidu Plans to Launch New Inference Model by End of August
Baidu plans to launch a new inference model by the end of August.

Lingxin Qiaoshou Completes Angel Round Financing of Several Hundred Million Yuan, Led by Ant Group
On August 7, Lingxin Qiaoshou announced the completion of an angel round financing amounting to several hundred million yuan, led by Ant Group, with follow-up investments from CICC Capital, First Development Venture Capital, Shanghai Semiconductor Equipment Fund, Chengkai Fund, Detong Capital, and Cocoa Capital. Existing shareholder Sequoia China Seed Fund continues to invest. This round of financing will be used to improve the company's technology reserves and construct embodied intelligence data collection fields, accelerating the practical application of dexterous hands.

Japanese Company Dismisses Employee Involved in TSMC 2nm Technology Leakage
Japanese company Tokyo Electron (TEL) announced on the 7th that it has dismissed a Taiwanese employee involved in the TSMC technology leakage incident. TEL stated that it does not tolerate espionage behavior and has dismissed the former employee from its Taiwanese subsidiary involved in the case, fully cooperating with judicial authorities for the investigation. Several local media reported that the global wafer foundry leader TSMC is shocked by the leakage of key 2nm advanced process technology, pointing to TEL. Insiders revealed that several former TSMC employees attempted to acquire key proprietary information related to the development and production of 2nm chips during their tenure. Among the involved personnel, three were 2nm trial production staff who used mobile phones to photograph large amounts of data, which flowed to TEL employees. TEL is a shareholder of Japan's chip "national team" Rapidus. Rapidus announced on July 18th the successful trial production of 2nm chips, a remarkable achievement that shocked the industry.

Hema States Less Than 2% of Store Business Adjustments
On August 7, Hema stated that since last year, it has gradually closed 10 X membership stores, with these adjusted stores accounting for less than 2% of Hema's total store count. Hema Fresh targets to open 100 new stores within the fiscal year, which will bring the total number of Hema stores to over 500.

JD Pay and Baitiao Join 12306
Recently, JD Pay and JD Baitiao have officially been launched on the 12306 App. This cooperation coincides with the peak travel season, and JD Pay has launched limited-time discounts for buying train tickets with subsidies; additionally, users can experience JD Baitiao's credit consumption convenience of "travel first, pay later."

Hema CEO Bai He: Plans to Open 100 New Stores This Year
On August 7, at Hema's tenth anniversary open day, CEO Bai He stated that Hema will adhere to a strategy of continuous growth, planning to open 100 new stores this year and add 50 cities to its existing base. She revealed that Hema recently collaborated with Taobao's 88VIP, achieving a 100% increase in membership within just a few days.