Chinese Concept Stocks | Nasdaq Golden Dragon Index Surges 3.21% Amid Strong Gains for Key Stocks

On October 13th (Monday) Eastern Time, all three major U.S. stock indices rose more than 1%. The S&P 500 index increased by 1.56% to 6654.72 points; the Dow Jones index rose by 1.29% to 46067.58 points; the Nasdaq index climbed by 2.21% to 22694.61 points.

On October 13th, the Nasdaq Golden Dragon China Index increased by 3.21%.

Regarding popular Chinese concept stocks, TSMC rose by 8.04%, NIO increased by 6.93%, Alibaba climbed by 4.91%, JD.com rose by 4.40%, XPeng Motors increased by 3.47%, Baidu went up by 3.31%, Pinduoduo rose by 2.64%, Bilibili increased by 2.41%, and NetEase rose by 1.68%.

Companies with consecutive gains include Ray Electronics with a latest increase of 9.63% over four days, gaining 22.45% during this period. Tianmei Bio rose by 1.90% over four days, accumulating a 4.90% increase. Yum China increased by 1.24% over three days, achieving a total rise of 1.84%. NetEase Technology rose by 1.57% over three days, experiencing a decline of 5.84% during this period. Zhongchi Chefu had a slight increase of 0.05% over three days, with a total decline of 4.73%. Shanyou HVAC rose by 2.54% over three days, accumulating a 7.01% increase. Yingxi Group increased by 3.00% over three days, with a total rise of 3.00%. Luobei rose by 2.16% over three days, accumulating a 3.18% increase. Jiuzhou Pharmacy saw an increase of 8.76% over three days, achieving a total rise of 13.31% during this period.

Companies with consecutive declines include Zhongjin Medical with a latest decrease of 3.06% over six days, accumulating a total decline of 30.08%. Abits Group decreased by 5.03% over six days, experiencing a total decline of 21.83%. Zhongchao Medical saw a decrease of 3.71% over six days, with a total decline of 42.46%. Sanyi Technology decreased by 1.98% over six days, accumulating a total decline of 20.04%. Shuidi saw a decrease of 2.17% over five days, with a total decline of 8.63%. Niu Technologies decreased by 2.01% over five days, experiencing a total decline of 16.82%. Suntech Institutions saw a decrease of 0.81% over five days, with a total decline of 11.88%. Emeren Group decreased by 0.75% over five days, accumulating a total decline of 4.21%. Angaomeng saw a decrease of 9.33% over five days, with a total decline of 33.12%. Puhe Bio decreased by 4.27% over five days, accumulating a total decline of 12.90%. Gongwuyuan saw a decrease of 0.39% over five days, with a total decline of 13.99%. Yidianxing decreased by 2.10% over five days, accumulating a total decline of 22.43%.

EHang Intelligence Releases New Long-Range Unmanned Product VT35
On October 13th, EHang Intelligence launched its new long-range unmanned aerial vehicle "VT35," with a standard version guide price of 6.5 million RMB in the Chinese market. This model is an upgraded optimization of the VT30 prototype, featuring a compound wing electric vertical take-off and landing (eVTOL) aircraft, primarily targeting medium to long-distance travel scenarios across cities, seas, and mountains. The VT35 model is designed for a full-load range of approximately 200,000 meters, a maximum take-off weight of 950 kilograms, a length of about 8 meters, a height of about 3 meters, and a wingspan of about 8 meters. The Civil Aviation Administration of China will accept the VT35 unmanned aerial vehicle's type certification application in March 2025, and the model is currently in the airworthiness certification stage.

BeiGene's Sotoclax Granted Breakthrough Therapy Designation by FDA
The designation is based on early positive results from a Phase 1/2 study of Sotoclax in patients with relapsed or refractory (R/R) mantle cell lymphoma (MCL). BeiGene will participate in the Orbis program to support the rapid advancement of global drug accessibility. BeiGene, Ltd. (Nasdaq: ONC; HKEX: 06160; SSE: 688235), a global oncology innovation company, announced today that the FDA has granted Breakthrough Therapy Designation (BTD) to Sotoclax, a new-generation and potentially best-in-class BCL2 inhibitor under investigation for treating adult patients with relapsed or refractory (R/R) mantle cell lymphoma (MCL). Additionally, the FDA has accepted BeiGene's application to participate in the Orbis program, allowing anti-tumor drugs to be simultaneously submitted and reviewed by participating global health management departments.

Haier Group and Alibaba Sign Strategic Agreement Focused on AI+Cloud, E-commerce, and Global Cooperation
On October 11th, Haier Group and Alibaba signed a comprehensive strategic cooperation agreement, achieving full AI collaboration. Both parties will leverage Haier's full ecological layout and Alibaba's full-stack AI capabilities to build a new digital industry ecosystem and accelerate industrial AI innovation. In the AI+Cloud sector, the parties will engage in full-stack AI collaboration encompassing scenes, platforms, models, and computing power, jointly developing industry-level models around smart homes and intelligent manufacturing, deepening AI applications, and creating industry domain models based on Tongyi Qianwen. In e-commerce, the parties will deepen cooperation in domestic and overseas consumer sectors, relying on Haier's industrial advantages and Alibaba's overseas e-commerce system to build cross-industry, cross-regional digital ecosystems. In globalization, Haier will collaborate with Alibaba to establish an elastic heterogeneous computing power platform and a high-availability architecture combining public and private, creating stable cloud services globally, and supporting Haier's development layout in key overseas markets like Southeast Asia in the AI+big data realm.

XPeng HT Aero: Land Aircraft Carrier Secures Largest Overseas Order in the Middle East
Recently, flying car company XPeng HT Aero hosted its first international appreciation event for the "Land Aircraft Carrier" in Dubai, officially embarking on its global journey. During the event, the latest generation product, the split-type flying car "Land Aircraft Carrier," completed its first overseas manned public flight demonstration. At the event, HT Aero signed Middle East's first batch of 600 flying car purchase agreements with UAE's Ali&Sons Group, Qatar's Almana Group, Kuwait's AlSayer Group, and the UAE Chinese Business Council, marking the largest overseas bulk order in this field.

Digital Mali Technology Company Under Ant Group Increases Capital to 100 Million
The Tianyancha App shows that recently, Beijing Digital Mali Technology Co., Ltd. underwent business changes, with registered capital increasing from RMB 50 million to RMB 100 million, a 100% increase, and some major personnel changes. The company, established in May 2024, is led by Zhou Yun and its business scope includes internet data services, big data services, data processing services, computer system services, software development, artificial intelligence basic software development, AI application software development, software outsourcing services, and wholesale of computer hardware and accessories. Shareholder information shows that the company is wholly owned by Ant Technology Group Co., Ltd.