Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises as XPeng, NetEase Lead Gains

On June 23rd, Eastern Time (Monday), the three major U.S. stock indices collectively closed higher. The S&P 500 index rose by 0.96% to 6025.17 points; the Dow Jones index increased by 0.89% to 42581.78 points; and the Nasdaq index gained 0.94% to 19630.97 points.

On June 23rd, the Nasdaq Golden Dragon China Index went up by 0.85%.

Among popular Chinese stocks, XPeng Motors rose by 4.64%, NetEase by 1.32%, Bilibili by 0.86%, Pinduoduo by 0.73%, Baidu by 0.73%, JD.com by 0.48%, NIO by 0.44%, TSMC by 0.35%, and Alibaba by 0.04%.

In terms of continuously rising Chinese stocks, Future Vision increased by 0.39% over 14 consecutive days, with a total increase of 1.17% during the period. Zhongchi Carfu rose by 4.38% over 7 days, with a total increase of 1.01%. Parkho Bio gained 13.47% over 6 days, resulting in a 59.86% increase. Deepfield Union climbed by 3.50% over 6 days, with a total rise of 41.75%. GD Culture Group saw a 5.74% increase over 5 days, with a total gain of 30.42%. Finally, Deswell Industries rose by 2.04% over 5 days, leading to a total increase of 8.93%.

For continuously declining Chinese stocks, Abits Group fell by 6.68% over 8 consecutive days, with a total decrease of 23.19%. HaoHong Technology dropped by 6.23% over 6 days, resulting in a 17.47% decrease. Dixin Holding fell slightly by 0.01% over 6 days, with a total drop of 14.71%. Atif Holding decreased by 10.32% over 6 days, leading to a 36.35% decline. Soloway fell by 6.10% over 5 days, with a total drop of 21.43%. Dtreecloud experienced a 0.95% decline over 5 days, with a total decrease of 5.89%. Lastly, Chengdao Tong Environmental Protection dropped by 2.50% over 5 days, resulting in a 41.50% decline.

Yanghe Chairman and Liu Qiangdong Meet in the Desert, Launch Two JD Custom Light Bottle Liquors
Recently, the "Brothers Hand in Hand, Create the Future" Yanghe Daqu High Line Light Bottle Liquor Strategy Conference was held in Baotou, Inner Mongolia. During the conference, Yanghe Co., Ltd. Party Secretary and Chairman Zhang Liandong, JD Group founder and Chairman of the Board Liu Qiangdong, and China Alcohol Industry Association President Song Shuyu held a desert dinner, jointly tasting the high line light bottle liquor specially customized by Yanghe for JD. According to Yanghe's official Weibo, Liu Qiangdong has always cared about his hometown Suqian and has given strong support to the development of his hometown and Yanghe. To express respect, Yanghe specially customized 211ml and 618ml light bottle liquors for JD, symbolizing JD's "211 Limited Time Delivery" service and the "618" shopping festival. The product is currently exclusively pre-sold on JD's platform. JD responded: "Supporting hometown liquor is a sentiment and a responsibility." JD emphasized that just as "211 Limited Time Delivery" represents JD's commitment to timeliness and quality, in the recently concluded "618" promotion, JD's number of ordering users increased by over 100% year-on-year, reflecting consumers' trust in the platform. JD stated that it will continue to work with Yanghe to provide consumers with more cost-effective products and high-quality services.

JinkoSolar: 182N High-Efficiency Monocrystalline Solar Cell Achieves Record Conversion Efficiency of 27.02%
JinkoSolar announced that its wholly-owned subsidiary Zhejiang JinkoSolar Co., Ltd.'s independently developed 182N high-efficiency monocrystalline solar cell (TOPCon) conversion efficiency has been third-party tested and certified by the National Photovoltaic Industry Measurement and Test Center, achieving a full-area conversion efficiency of 27.02%, setting a new record for large-area N-type monocrystalline passivated contact (TOPCon) cell conversion efficiency. Meanwhile, Zhejiang Jinko's independently developed N-type TOPCon high-efficiency photovoltaic module has been third-party tested and certified by TÜV Nanda, achieving a maximum conversion efficiency of 25.58%, setting a new record for similar modules globally.

Ningde Times, Ant Group, and Hello Travel Establish Zao Father Intelligent Technology Company
According to Qichacha APP, recently, Shanghai Zao Father Intelligent Technology Co., Ltd. was established, with Peng Zhaokun as the legal representative and a registered capital of 1.288 billion yuan. The business scope includes the development of basic AI software, AI theory and algorithm software development, and AI application software development. The equity penetration of Qichacha shows that the company is jointly held by Ningbo Meishan Bonded Port Area Wending Investment Co., Ltd. (under Ningde Times), Shanghai Junha Network Technology Co., Ltd. (related to Hello Travel), and Shanghai Yunyang Enterprise Management Consulting Co., Ltd. (under Ant Group).

Alibaba Cloud Launches Autonomous Driving Model Training and Inference Acceleration Framework, Reducing Training Time by 50%
On June 23rd, Alibaba Cloud launched PAI-TurboX, a training and inference acceleration framework for autonomous driving models. The framework can improve the efficiency of perception, planning, control, and even world model training and inference. In multiple industry model training tasks, PAI-TurboX can reduce the time by 50%.

ZTO Express Establishes Airline Company, Plans to Enter Air Freight
Business registration information shows that ZTO Airlines Co., Ltd. was established with a registered capital of 600 million yuan, wholly owned by ZTO Express Co., Ltd. According to a reporter from First Financial, ZTO Airlines plans to develop air freight business, following the footsteps of SF Express, JD, and YTO Express, which have already ventured into the air freight sector.

Ant Group and Others Invest in TigerBot Robotics
According to Tianyancha App, recently, TigerBot Robotics Technology (Shanghai) Co., Ltd. underwent a business change, adding Shanghai Yunyang Enterprise Management Consulting Co., Ltd. (under Ant Group) and Wang Chuncheng as shareholders. The registered capital increased from approximately 3.8 million yuan to about 4.11 million yuan, and some key personnel changed. TigerBot Robotics Technology (Shanghai) Co., Ltd. was established in August 2020, with Yi Gang as the legal representative. Its business scope includes intelligent robot research and development, intelligent robot sales, AI hardware sales, AI public service platform technical consulting services, AI public data platform, AI theory and algorithm software development, AI general application systems, and information system integration services. Shareholder information shows that the company is now jointly held by Shanghai Lihua Technology Partnership (Limited Partnership), Shanghai China Mobile Digital Transformation Industry Private Equity Fund Partnership (Limited Partnership), and Shanghai Daohe Technology Partnership (Limited Partnership). Public information reveals that TigerBot Robotics is a high-tech company providing high-end robotics hardware and comprehensive robotics solutions, focusing on custom services, research, and production of robotics hardware.

Taobao Flash Sale and Ele.me Achieve Over 60 Million Daily Orders
On June 23rd, less than two months after the launch of "Taobao Flash Sale," the daily order volume of Taobao Flash Sale combined with Ele.me exceeded 60 million. To date, retail orders have increased by 179% year-on-year.

XPeng HT Hires First CFO, Fast-Tracks IPO
Du Chao has joined XPeng HT as CFO and Vice President. It is known that during his ten years at Deutsche Bank, Du Chao led dozens of overseas listing financing and cross-border M&A projects; he later joined Liuli Education Technology Group as CFO, responsible for the company's finance, strategy, business analysis, investor relations, and legal affairs, and led the company to complete its NASDAQ listing in the United States. XPeng HT revealed that previously HT did not have a CFO, which is a normal talent introduction. The company plans to have an IPO in the future, but the current stage is still focused on R&D and mass production.

Hello Robotaxi Business Completes Over 3 Billion Yuan Financing, Introduces Strategic Investment from Ant Group and Ningde Times
Hello officially enters the Robotaxi track. On June 23rd, "Shanghai Zao Father Intelligent Technology Co., Ltd.," jointly initiated by Hello, Ant Group, and Ningde Times through their respective investment entities, was registered in Shanghai. The company's registered capital is 1.288 billion yuan, focusing on L4 level autonomous driving technology R&D, safety applications, and commercial landing. "Zao Father" is famous in Chinese history for its excellent driving skills. The new company is jointly held by Shanghai Yunyang Enterprise Management Consulting Co., Ltd. (Ant Group), Shanghai Junha Network Technology Co., Ltd. (Hello), and Ningbo Meishan Bonded Port Area Wending Investment Co., Ltd. (Ningde Times), with the three parties' initial total investment exceeding 3 billion yuan.

NIO Establishes Shenji Technology Company
According to Tianyancha App, recently, Anhui Shenji Technology Co., Ltd. was established, with Bai Jian as the legal representative and Li Bin as the chairman, with a registered capital of 10 million yuan. Its business scope includes technology services, technology development, integrated circuit chip design and services, integrated circuit chip and product sales, integrated circuit design, intellectual property services, professional design services, software development, software sales, and AI application software development. Shareholder information shows that the company is wholly owned by NIO Automotive Technology (Anhui) Co., Ltd. According to media reports, the company was established as an independent entity for NIO's chip-related business integration, with Bai Jian as the legal representative, who is responsible for NIO's chip department and intelligent hardware.

Ele.me and Fliggy Join Taotian, Alibaba Moves Towards a Comprehensive Consumer Platform
On June 23rd, Alibaba Group CEO Wu Yongming sent an all-staff email announcing that, effective immediately, Ele.me and Fliggy will merge into Alibaba China's e-commerce business group. Ele.me and Fliggy will continue to maintain a company management model, focusing on centralized goals and unified operations with the China e-commerce business group. This is Alibaba's strategic upgrade from an e-commerce platform to a comprehensive consumer platform. Fliggy, Ele.me, and Taotian have accumulated years of capabilities and resources in their respective fields. After joining forces, they will leverage their respective strengths and advantages to build a more comprehensive consumer service system.