Chinese Concept Stocks | Nasdaq Golden Dragon Index Surges Despite Major Stock Drops
3min read On December 10th, Eastern Standard Time (Tuesday), the three major U.S. stock indices collectively closed lower. The S&P 500 index fell 0.30% to 6034.91 points; the Dow Jones index dropped 0.35% to 44247.83 points; and the Nasdaq index decreased 0.25% to 19687.24 points.
On December 9th, the Nasdaq Golden Dragon China Index rose by 8.54%.
Regarding popular Chinese concept stocks, NIO fell by 7.82%, XPeng Motors dropped by 6.90%, Pinduoduo decreased by 5.29%, NetEase fell by 4.44%, JD.com dropped by 4.13%, Baidu decreased by 4.12%, TSMC fell by 3.61%, Alibaba dropped by 2.67%, and Bilibili fell by 11.20%.
Companies with consecutive gains include Yuppie Auto with a recent change of 0.84% over 8 consecutive days resulting in a cumulative gain of 16.88%. Leyard Electronics showed a 7.03% increase over 6 days totaling a 19.13% rise. ZK International experienced a 14.63% rise over 6 days totaling a 53.34% increase. Chinasoft Technology had an 11.50% increase over 5 days with a total gain of 22.33%. Meiwu Technology rose by 7.58% over 5 days with a total increase of 35.87%. Zhongchao Medical showed a 21.07% rise over 5 days resulting in a cumulative increase of 95.31%. Chengdao Environmental saw a 4.12% increase over 5 days totaling a 10.28% rise. Gulf Resources rose by 9.25% over 5 days with a total gain of 30.11%.
Companies with consecutive declines include LakeShore Biopharma with a recent change of -2.97% over 6 consecutive days resulting in a cumulative decline of -11.22%. MicroAlgo showed a -9.34% decrease over 6 days totaling a -34.74% decline. SOS experienced a -7.19% decrease over 6 days totaling a -35.48% decline. Huibao had a -4.49% decrease over 6 days with a total decline of -26.96%. Lotus Technology saw a -5.18% decrease over 5 days with a total decline of -14.69%. TH International showed a -5.57% decrease over 5 days totaling a -17.31% decline. Nengchain Intelligent Power experienced a -1.25% decrease over 5 days totaling a -18.56% decline. 36Kr had a -4.94% decrease over 5 days with a total decline of -21.23%.
JD Airlines Officially Joins the International Air Transport Association
According to JD Logistics, on December 3rd, JD Airlines officially joined the International Air Transport Association (IATA) as a member. JD Airlines operates mainly out of Nantong Xingdong International Airport, with a fleet of several Boeing 737-800 freighters, operating regular and irregular flights covering many major cities in China and international destinations.
Deep Blue Automotive Denies S09 Exterior Copying Li Auto L9: It's a Family Design Language, Welcomes Comparison
On December 10th, in response to accusations that the Deep Blue S09's exterior design copied the Li Auto L9, Deep Blue Automotive stated on its official Weibo that the product's exterior design is meticulously crafted by designers, featuring a family design language that won the Red Dot Design Award. "The Deep Blue S09 is indeed on the same level as the Li Auto L9 and Huawei's M9 in terms of exterior design, configuration, power, intelligent driving, and value. We welcome comparisons with these two products."
AWS Responds to Data Center Fire Rumors: No Impact on Cloud Services
Regarding rumors of a fire at an Alibaba Cloud database in Yuancheng District, Heyuan, Guangdong, Alibaba Cloud responded that after verification, at 2:43 PM yesterday, a fire occurred outside a building in an under-construction park (not yet operational) due to high-temperature iron slag from cutting during construction by the general contractor, igniting several extruded panels and causing smoke. The fire was extinguished within about 10 minutes with no casualties or property damage. The under-construction park is far from the production area and has no impact on cloud services.
Official Response to Alibaba Cloud Computing Data Center Fire
On December 9th, a video was posted by a netizen claiming a fire occurred at an Alibaba Cloud database in Yuancheng District, Heyuan, Guangdong, with scenes of blazing fire and thick smoke, with hundreds of people evacuating. Reporters called Alibaba Cloud's customer service, who stated there were no reports of faults or fires. Subsequently, reporters contacted the Propaganda Department of Yuancheng District Committee in Guangdong, where staff confirmed the incident. The fire occurred in the jurisdiction of Yuannan Town yesterday (9th) at around 3 PM, was extinguished, and there were no casualties.
TSMC's November Sales Reached NT$276.06 Billion, Up 34% Year-on-Year
TSMC's sales in November amounted to NT$276.06 billion, a year-on-year increase of 34%.
Digital Xi'an Group and Alibaba Cloud Feitian Jointly Establish New Company with Registered Capital of 10 Million
According to information from Tianyancha App, Xi'an Digital City Technology Operations Co., Ltd. was recently established, with Zhou Yunhai as the legal representative and a registered capital of 10 million RMB. The company's business covers information technology consulting, software development, internet data services, and artificial intelligence platform construction. In terms of shareholding structure, Digital Xi'an Technology Operations (Group) Co., Ltd. and Alibaba Cloud Feitian (Xi'an) Cloud Computing Technology Co., Ltd. hold 51% and 49% of shares, respectively.
