Chinese Concept Stocks | Nasdaq Golden Dragon Index Surges as TSMC Gains on US Subsidies, NIO Dips Amid Robot Dog Project Investigation
4min read On January 21 (Tuesday) Eastern Time, the three major U.S. stock indexes closed higher collectively. The S&P 500 Index rose 0.88% to 6049.24 points; the Dow Jones Index increased by 1.24% to 44025.81 points; the Nasdaq Index gained 0.64% to 19756.78 points.
On January 17, the Nasdaq Golden Dragon China Index rose by 3.18%.
Regarding popular Chinese concept stocks, XPeng Motors increased by 6.12%, TSMC rose by 3.26%, NetEase gained 0.95%, Baidu went up by 0.93%, Alibaba increased by 0.33%, NIO decreased by 4.01%, Bilibili fell by 2.40%, Pinduoduo dropped by 1.35%, and JD.com decreased by 1.28%.
Among continuously rising Chinese concept stocks, Champs Elysees International rose by 5.30% for 9 consecutive days with an overall increase of 27.01% during the period. Joyy increased by 2.98% for 8 consecutive days with a total gain of 15.79%. Huaxin Technology rose by 1.65% for 7 days with a total increase of 11.31%. Trip.com Group gained 2.68% for 6 days with a total increase of 9.20%. BeiGene rose by 4.10% for 6 days with a total gain of 23.76%. Zhihu Group increased by 0.14% for 6 days with a total rise of 8.06%. Dingdong Maicai rose by 1.78% for 6 days with a total increase of 7.19%. Qudian increased by 4.20% for 6 days with a total gain of 14.62%.
Regarding continuously declining Chinese concept stocks, Canadian Solar decreased by 1.90% for 8 consecutive days with an overall drop of 18.43% during the period. Meten EdtechX fell by 1.76% for 6 days with a total decline of 24.77%. Transcent Technology decreased by 4.62% for 5 days with a total drop of 10.25%. Jinxin Technology fell by 12.14% for 4 days with a total decline of 29.46%. Smart Charging decreased by 11.28% for 4 days with a total drop of 30.18%. Huayang New Energy fell by 1.16% for 4 days with a total decline of 7.39%. Benchmark Technology decreased by 1.54% for 4 days with a total drop of 14.07%. Eurofins Scientific fell by 2.65% for 4 days with a total decline of 9.51%. Color Star decreased by 9.64% for 4 days with a total drop of 21.47%.
NIO has formed a team of about 20 people to research the robot dog project
NIO has formed a team of about 20 people to research the robot dog project, led by Xu Kang. Xu Kang was previously an algorithm expert at Momenta and joined NIO's autonomous driving team after 2020.
TSMC: Received $1.5 billion in U.S. government subsidies last quarter
TSMC's CFO Huang Ren-Zhao stated that $1.5 billion in U.S. government subsidies were received in the fourth quarter of last year, and there is confidence that the Trump administration will continue to fund TSMC's U.S. investment plans.
Reports of NetEase Games Senior Vice President Shao Yun's resignation and internal project budget issues
According to media reports, NetEase Games Senior Vice President and President of the Tianxia Division, Shao Yun (internally known as Shaoyun), officially resigned at the end of December 2024. The report noted that within NetEase Games, the standalone product "Song of the People: Three Kingdoms" led by Li Kaiming of the Tenth Division, the RPG project "Codenamed: Cloud Map" initiated by the Zen Division, and the "Fate Mobile Game" led by Chen Junxiong of the Poseidon Division, all face budget constraints. NetEase Games has not yet responded to requests for confirmation of this information.
Alibaba Cloud's ninth-generation ECS g9i enterprise-level instance globally invites testing
At the Alibaba Cloud International Developer Conference today, Alibaba Cloud's ninth-generation enterprise-level instance ECS g9i is officially open for global testing. ECS g9i uses Alibaba Cloud's self-developed "Feitian+CIPU" technology architecture, with computing power performance improving by over 20% compared to the eighth-generation ECS. After enabling eRDMA network acceleration, end-to-end scenario application performance can be further improved by up to 50%, offering a more cost-effective high-performance computing power option for enterprise users in the AI era.
Dongfang Zhenxuan: Net loss of 96.503 million yuan as of November 30
Dongfang Zhenxuan's Hong Kong Stock Exchange announcement stated that for the six-month period ending November 30, 2024, the net loss was 96.799 million yuan, compared to a net profit of 161 million yuan for the same period last year. The net loss from continuing operations for the six months ended November 30, 2024, was 96.5 million yuan, compared to a net profit of 161 million yuan for the six months ended November 30, 2023. Excluding the financial impact of the sale of Hui Tongxing (one-time expenses and profits generated by Hui Tongxing), the net profit from continuing operations for the six months ended November 30, 2024, was 32.7 million yuan.
Alipay launches "Dare to Touch, Dare to Pay" guarantee plan
Alipay announced the launch of the "Dare to Touch, Dare to Pay" guarantee plan, where if users experience theft during Alipay's Tap-to-Pay process, Alipay will reimburse the full amount upon verification. In July 2024, Alipay introduced the upgraded product "Alipay Tap-to-Pay" based on barcode payment. Unlike the "NFC Payment" available in the market, Tap-to-Pay is a barcode payment. The usage method involves users unlocking their phones and tapping the merchant's payment device to pay. The latest data shows that "Alipay Tap-to-Pay" has covered over 100 cities, with 70% of users being young people. Alipay stated that users with questions about payment security can call Alipay's official customer service hotline at 95188 for inquiries or complaints, and Alipay will reimburse the full amount if verified as theft.
Baidu Document AI function MAU exceeds 90 million, "Free Canvas" begins public testing
On January 21, during the Baidu AI DAY event, Baidu Vice President, Document Business Unit, and Network Disk Business Unit head Wang Ying revealed that Baidu Document's AI function MAU has exceeded 90 million, with a 230% year-over-year growth in daily active users. Paid users exceed 40 million, ranking second globally and first in China. Meanwhile, the AI creation new species "Free Canvas," jointly developed by Baidu Document and Baidu Network Disk, has begun public testing and can be experienced by reservation on the Baidu Document website.
TSMC responds to the impact of the 6.4 magnitude earthquake in Taiwan: Operations are gradually recovering
At around midnight on January 21, a 6.4 magnitude earthquake occurred in Taiwan, with a maximum seismic intensity of 5 recorded at the Southern Science Park. TSMC stated that personnel evacuation was conducted immediately at the central and southern plants in Taiwan, with a comprehensive headcount completed by around 1 a.m., confirming all personnel were safe. Currently, all plants have completed post-earthquake structural inspections, confirming structural safety, and operations are gradually recovering. All plant water supply, power, workplace safety systems, and operations are functioning normally.
First 12 hours of national subsidy for mobile digital products online, JD.com sees a 300% increase in tablet sales
The national subsidy activities in Beijing, Hubei, Jiangsu, Zhejiang, and Shaanxi have been fully launched on JD.com, and activities in other provinces are gradually going online. JD.com's data shows that as of 12 p.m. on January 20, in the provinces where the national subsidy is online, mobile phone sales increased by 200% compared to the previous period, tablet sales increased by 300%, and smart children's watch sales increased by 100%. Data also shows that when consumers enjoy national subsidies to purchase mobile digital products on JD.com, they prefer mobile phones in the 3000-4000 yuan price range, tablets in the 3000 yuan price range, smart watches in the 500-1000 yuan price range, and smart bracelets in the 200-300 yuan price range.
