Chinese Concept Stocks | Nasdaq Golden Dragon Index Soars 3.72% Amid Mixed Performance in Chinese Tech Stocks

On January 27th (Monday), Eastern Standard Time, the three major U.S. stock indices showed mixed movements. The S&P 500 index fell by 1.46%, closing at 6012.28 points; the Dow Jones index rose by 0.65%, closing at 44713.58 points; the Nasdaq index dropped by 3.07%, closing at 19341.83 points.

On January 24th, the Nasdaq Golden Dragon China Index increased by 3.72%.

Regarding popular Chinese concept stocks, XPeng Motors rose by 2.73%, Baidu increased by 2.44%, Alibaba went up by 0.96%, Bilibili rose by 0.50%, TSMC fell by 13.23%, NetEase decreased by 1.19%, JD.com dropped by 1.03%, Pinduoduo declined by 0.41%, and NIO fell by 0.35%.

Companies that have seen continuous increases in Chinese concept stocks include Global Lights with a recent increase of 0.09% over 15 consecutive days, totaling a 1.03% increase during the period; Rongye Foods with a 1.71% rise over 8 days, totaling 36.47%; Boqii Pet with an 8.88% rise over 7 days, totaling 1022.03%; Vipshop with a 1.90% rise over 6 days, totaling 13.82%; Tuya Smart with a 2.19% rise over 6 days, totaling 31.64%; Huaxia Boya with a 3.38% rise over 6 days, totaling 47.00%; Yiren Digital with a 5.24% rise over 6 days, totaling 23.04%; GreenTree Hospitality with a 2.64% rise over 6 days, totaling 13.10%; and Distoken with a 4.98% rise over 6 days, totaling 4.98%.

Companies that have seen continuous declines in Chinese concept stocks include Hundred Home Cloud with a recent decrease of 25.50% over 7 consecutive days, totaling a 46.83% decrease during the period; Uxin with a 1.64% drop over 6 days, totaling 10.66%; Star Fashion with a 16.77% drop over 6 days, totaling 91.35%; Akso Health with a 1.53% drop over 5 days, totaling 16.23%; ATIF Holdings with a 5.30% drop over 5 days, totaling 39.44%; GD Culture Group with a 12.12% drop over 5 days, totaling 26.30%; XChange with a 3.94% drop over 5 days, totaling 23.15%; and Tao Screen with a 4.06% drop over 5 days, totaling 11.18%.

New Oriental: Maximum Total Issuance Under Share Incentive Plan Increased from 100 Million to 200 Million Shares
New Oriental announced on the Hong Kong Stock Exchange that on January 26th, the company's board of directors approved amendments to the company's 2016 Share Incentive Plan. The maximum total number of ordinary shares issuable under all awards granted under the plan has been increased from 100 million to 200 million shares, and the term of the plan has been extended from 10 years to 15 years. There are no other significant changes to the plan.

Alibaba Cloud Tongyi Open Sources First Long-Text Model Qwen2.5-1M
Alibaba Cloud Tongyi has open-sourced the Qwen2.5-1M model, which supports a context of 1 million tokens, offering two sizes, 7B and 14B, and open-sourcing the inference framework. It can achieve nearly 7 times the speed-up when processing long-text inputs of a million tokens, which can be converted into 10 long novels, 150 hours of speeches, or 30,000 lines of code.