Chinese Concept Stocks | Nasdaq Golden Dragon Index Up 1.02%, TSMC and XPeng Lead Gains

On September 11th (Wednesday) Eastern Time, the three major U.S. stock indexes collectively closed higher. The S&P 500 index rose by 1.07% to 5554.13 points; the Dow Jones index increased by 0.31% to 40861.71 points; and the Nasdaq index went up by 2.17% to 17395.53 points.

On September 11th, the Nasdaq Golden Dragon China Index rose by 1.02%.

Among popular Chinese concept stocks, TSMC rose by 4.80%, XPeng Motors increased by 4.46%, Bilibili went up by 3.79%, Pinduoduo climbed by 2.39%, Baidu rose by 2.35%, NetEase increased by 2.29%, NIO went up by 2.28%, JD.com climbed by 2.23%, and Alibaba rose by 1.22%.

Companies that have seen continuous gains include Jiayin Group with a latest rise of 0.72% over 6 consecutive days, accumulating a 9.43% increase over this period; Agora with a latest rise of 2.58% over 6 consecutive days, accumulating a 13.27% increase over this period; JOYY with a latest rise of 0.28% over 5 consecutive days, accumulating a 3.79% increase over this period; Cango with a latest rise of 4.29% over 5 consecutive days, accumulating a 12.31% increase over this period; Zai Lab with a latest rise of 6.26% over 4 consecutive days, accumulating a 9.83% increase over this period; Emeren Group with a latest rise of 2.62% over 4 consecutive days, accumulating a 27.72% increase over this period; LakeShore Biopharma with a latest rise of 19.26% over 4 consecutive days, accumulating a 23.30% increase over this period; Huabao with a latest rise of 9.15% over 4 consecutive days, accumulating a 24.77% increase over this period; Senmiao Technology with a latest rise of 6.62% over 4 consecutive days, accumulating a 28.32% increase over this period; Huize Holding with a latest rise of 25.53% over 4 consecutive days, accumulating a 34.86% increase over this period; Infobird with a latest rise of 2.31% over 4 consecutive days, accumulating a 6.63% increase over this period; and Elite Education with a latest rise of 1.50% over 4 consecutive days, accumulating an 11.57% increase over this period.

Companies that have seen continuous declines include Starbox Group with a latest drop of 1.98% over 6 consecutive days, accumulating a 20.51% decrease over this period; Waterdrop with a latest drop of 0.94% over 5 consecutive days, accumulating a 6.25% decrease over this period; Microvast Holdings with a latest drop of 10.00% over 5 consecutive days, accumulating a 33.82% decrease over this period; Bon Natural Life with a latest drop of 4.28% over 5 consecutive days, accumulating a 16.94% decrease over this period; and MicroAlgo with a latest drop of 4.20% over 5 consecutive days, accumulating a 30.46% decrease over this period.

Robin Li's Internal Speech: The Gap Between Large Models Will Widen, Still Far From Ideal
In a recent exchange with employees, Robin Li once again discussed the industry's misconceptions about large models, covering topics such as competition among large models, the efficiency of open-source models, and trends in intelligent agents. Robin Li mentioned that the gap between large models may grow in the future. He noted that the ceiling for large models is very high, and the current state is still far from ideal. Therefore, models need to be continuously iterated, updated, and upgraded quickly; this requires consistent investment over several years or even decades to continuously meet user needs and reduce costs while increasing efficiency. "The gap between models is multidimensional. One dimension is capability, including understanding ability, generation ability, logical reasoning ability, and memory ability. Another dimension is cost—what is the cost to achieve these capabilities or to answer these questions? Some models may have slower inference speeds, even if they achieve the same results, but their user experience is still not as good as the most advanced models," Robin Li stated.

Hema's Own Brand Enters the Southern Hemisphere for the First Time
Recently, Australia's top online Asian supermarket eBest announced on its official website that Hema's own brand products are now available for sale on its platform. Hema is also the first Chinese retail brand to introduce its own brand products to the Southern Hemisphere market.

JiYue Auto Joins NIO's Battery Swap Alliance
It has been reported that JiYue Auto has reached a strategic cooperation agreement with NIO for battery swapping. This means that JiYue Auto will launch battery swap models in the future and become a member of NIO's battery swap alliance. With JiYue's inclusion, NIO's battery swap alliance now has eight car company members, including FAW, Changan, GAC, Geely, Chery, JAC, Lotus, and JiYue.