Chinese Concept Stocks | NIO and XPeng Surge as JD.com Announces Pay Raise

On September 13 (Friday) Eastern Time, the three major U.S. stock indices closed higher collectively. The S&P 500 rose 0.54% to 5626.02 points; the Dow Jones increased 0.72% to 41393.78 points; the Nasdaq gained 0.65% to 17683.98 points.

On September 13, the Nasdaq Golden Dragon China Index rose 0.06%.

Among popular Chinese stocks, NIO rose 4.74%, XPeng Motors increased 4.06%, TSMC gained 0.63%, NetEase was up 0.18%, Bilibili fell 3.76%, Pinduoduo dropped 2.40%, JD.com decreased 1.54%, Alibaba slipped 0.90%, and Baidu declined 0.50%.

In the rising Chinese stocks, JOYY gained 0.35% over 7 consecutive days with a cumulative increase of 5.54%. Strongbridge Group rose 2.25% over 5 days with a total increase of 20.93%. CASI Pharmaceuticals increased 5.02% over 5 days with a cumulative rise of 16.75%. Nisen International went up 2.84% over 5 days with a total increase of 25.14%. Phoenix New Media gained 1.70% over 5 days with a cumulative rise of 18.65%. Bit Origin increased 4.03% over 5 days with a total rise of 21.37%.

In the declining Chinese stocks, MicroAlgo fell 8.30% over 7 days with a cumulative decrease of 41.12%. KE Holdings dropped 1.47% over 6 days with a total decline of 9.77%. Huapu Group decreased 8.60% over 6 days with a cumulative fall of 45.86%. eFamily Quick Service fell 2.68% over 6 days with a total drop of 12.10%. NetEase Youdao decreased 1.61% over 5 days with a cumulative decline of 9.50%.

Xianyu: Platform First to Apply AI Technology in Idle Goods Trading Flow
On September 12, Xianyu launched two AI products, "Smart Release" and "Smart Hosting," at the China International Fair for Trade in Services. These AI products serve the pre-sale stage of idle goods trading. "Smart Release" uses image recognition and natural language generation technologies, while "Smart Hosting" provides 24/7 intelligent hosting service for sellers who lack time to manage their goods. According to the official introduction, this is the first time AI technology has been applied in idle goods trading flow in the industry. Both products are in the gray testing stage and will officially launch within the year.

XPeng to Produce Extended-Range Vehicles, First Model to be Mass-Produced Next Year
XPeng Motors' extended-range vehicle project is clear, with core component selection completed in the first half of this year. The first extended-range vehicle is under development and is expected to be mass-produced in the second half of 2025. "No later than the fourth quarter of next year," a source revealed. By then, XPeng will have a product lineup of both pure electric and extended-range models. The first extended-range vehicle will be a large SUV, internally codenamed G01, developed based on the G9 prototype, targeting a price range above 200,000 yuan. The first vehicle will be mass-produced at XPeng Motors' second factory in Guangzhou Huangpu.

iPhone 16 Series Pre-Sale at 8 PM Tonight, Tmall Offers 24 Installments Interest-Free
At 8 PM on September 13, the iPhone 16 series will be available for pre-sale at the Tmall Apple Store official flagship store, with the first batch shipping on September 20. According to Taobao data, this year's iPhone 16 has reached a new peak in popularity, topping Taobao's hot search list for a week, with popularity soaring 493%. As of September 13, the iPhone 16 series had over a million reservations on Tmall, with the Desert Gold iPhone 16 Pro Max being the most popular, having the most reservations.

Li Auto L6 100,000th Mass-Produced Vehicle Officially Rolls Off the Line
Li Auto announced that today, the 100,000th mass-produced Li Auto L6 vehicle officially rolled off the production line.

JD Group Announces Another Salary Increase: JD Retail Group and Functional System to Achieve 20 Salaries in Two Years
Following three consecutive salary increases in early and mid-2024, JD Group announced another salary increase on September 13: starting from October 1, 2024, JD Retail Group and the functional system will achieve 20 salaries in two years, with other departments following with salary increase plans.