Chinese Concept Stocks | Nasdaq Golden Dragon Rises Slightly as Bilibili Surges and Nio Declines

On June 11th (Wednesday), Eastern Time, the three major U.S. stock indices collectively fell. The S&P 500 index dropped by 0.27%, closing at 6022.24 points; the Dow Jones index fell by 0.00%, closing at 42865.77 points; and the Nasdaq index decreased by 0.50%, closing at 19615.88 points.

On June 11th, the Nasdaq Golden Dragon China Index rose by 0.08%.

Regarding popular Chinese stocks, Bilibili increased by 8.28%, NetEase rose by 1.24%, Pinduoduo climbed by 0.75%, TSMC went up by 0.68%, Baidu increased by 0.07%, NIO dropped by 1.71%, Alibaba fell by 1.26%, XPeng Motors decreased by 0.22%, and JD.com fell by 0.18%.

Chinese stocks on a continuous rise include: 51talk, with a recent change of 2.67% over 11 consecutive days, achieving a cumulative increase of 60.42% during the period; TSMC, with a recent change of 0.77% over 8 consecutive days, achieving a cumulative increase of 10.75% during the period; Zhihu, with a recent change of 0.25% over 7 consecutive days, achieving a cumulative increase of 6.61%; Bilibili, with a recent change of 8.28% over 6 consecutive days, achieving a cumulative increase of 17.00%; and others including Puhua Biotech, Feitian Zhaoye, and Youkelian, all experiencing increases over 6 consecutive days.

Chinese stocks on a continuous decline include: Inlife, with a recent change of -6.86% over 6 consecutive days, achieving a cumulative decrease of -19.49% during the period; Gongwuyuan, with a recent change of -21.32% over 5 consecutive days, achieving a cumulative decrease of -71.72% during the period; Smart Powerr, with a recent change of -2.71% over 5 consecutive days, achieving a cumulative decrease of -12.31%; and others including Zhongjin Ke, Sky Solar, Jiuzixin Energy, Maisi Intelligent Engine, and Baosheng, all experiencing declines over 4 consecutive days.

On June 11th, U.S. President Trump posted on his social media platform, stating that the latest data on the U.S. Consumer Price Index (CPI) is ideal. He urged the Federal Reserve to cut interest rates by one percentage point, suggesting that this would save substantial costs on the interest of debts about to mature. He emphasized that "this is very important." Trump had previously criticized the Federal Reserve's delay in lowering interest rates, noting that Europe had done so 10 times while the U.S. had not.

During the XPeng G7 debut on June 11th, XPeng Motors' Chairman and CEO, He Xiaopeng, stated that the company's promise to pay suppliers within 60 days aligns with its direction. He noted that payment periods were significantly reduced last year and further shortened in the first quarter of this year. He emphasized that the commitment from 17 car companies to maintain a 60-day payment period is beneficial for the industry and consumers.

On June 11th, XPeng G7 began its pre-sale with a price of 235,800 yuan, featuring 702km range and offering Max and Ultra versions with different levels of intelligence.

XPeng Motors announced that the XPeng G7 will be the first AI car equipped with L3-level computing power. It will include three Turing AI chips, offering effective computing power equivalent to nine Orin-X chips, exceeding 2200 Tops. Additionally, it incorporates the "VLA+VLM model" for local deployment.

Beijing Jingdong Century Trading Co., Ltd. announced that the bond "25 JD SK" has a coupon rate of 1.55%.

Ideal Motors announced the establishment of two new secondary departments: "Spatial Robotics" and "Wearable Robotics," both under the Product Department led by Senior Vice President Fan Haoyu.

NIO's official Weibo stated that the company will continue to adhere to a payment period within 60 days, collaborating with partners to promote high-quality development in China's automobile industry.

Ideal Motors stated that it will continue to maintain a payment period within 60 days, collaborating with industry partners to promote high-quality development in China's automobile industry.

Cryptocurrency mining company Canaan Technology announced its Bitcoin mining operations for May 2025. The company mined 109 Bitcoins in May and held 1466 Bitcoins at the end of the month. As of May 31st, its deployed computing power and operational computing power reached 8.75 EH/s and 7.27 EH/s, respectively, with a continuously improving global mining layout.

XPeng Motors announced that it will unify its payment period to within 60 days to actively respond to national and departmental requirements for promoting high-quality development in the automobile industry, ensuring the stability of the supply chain, and supporting the healthy development of small and medium-sized enterprises.