Chinese Concept Stocks| NIO Drops 8.33% Amidst Declining July Deliveries; JD Acquires Full Control of Deppon

On August 1 (Thursday), Eastern Time, all three major US stock indices fell by more than 1%. The S&P 500 index fell by 1.37% to 5446.68 points; the Dow Jones index fell by 1.21% to 40347.97 points; and the Nasdaq index fell by 2.30% to 17194.14 points.

On August 1, the Nasdaq Golden Dragon China Index fell by 3.35%. Among popular Chinese concept stocks, Bilibili rose by 0.53%, NIO fell by 8.33%, XPeng Motors fell by 5.27%, TSMC fell by 4.59%, JD.com fell by 4.36%, Baidu fell by 2.43%, Alibaba fell by 1.11%, NetEase fell by 1.10%, and Pinduoduo fell by 0.83%.

【Rising Chinese Concept Stocks】
Companies that have risen continuously include: Liandai Technology, which rose by 6.40% for six consecutive days with a total increase of 41.49%; Viomi, which rose by 4.62% for six consecutive days with a total increase of 18.60%; Recon Technology, which rose by 1.12% for six consecutive days with a total increase of 19.08%; Tao Technology, which rose by 2.06% for four consecutive days with a total increase of 12.73%; Richen China, which rose by 5.62% for three consecutive days with a total increase of 17.50%; Antelope Holdings, which rose by 0.48% for three consecutive days with a total increase of 5.85%; Taihecheng Medical, which rose by 13.02% for three consecutive days with a total increase of 1269.23%; Mingteng, which rose by 1.61% for three consecutive days with a total increase of 7.69%; GD Culture Group, which rose by 2.13% for three consecutive days with a total increase of 22.03%; 36Kr, which rose by 0.39% for three consecutive days with a total increase of 1.58%; and Yingxi Group, which rose by 1.27% for three consecutive days with a total increase of 3.02%.

【Falling Chinese Concept Stocks】
Companies that have fallen continuously include: Blue Hat, which fell by 2.33% for seven consecutive days with a total decrease of 13.73%; Xiao-i Robot, which fell by 0.51% for seven consecutive days with a total decrease of 23.74%; Tiancheng Jinhu, which fell by 1.46% for seven consecutive days with a total decrease of 30.05%; Zhongchao Medical, which fell by 2.65% for seven consecutive days with a total decrease of 13.79%; Fangdd, which fell by 7.55% for six consecutive days with a total decrease of 27.14%; and Boqii Pet, which fell by 7.35% for six consecutive days with a total decrease of 20.33%.

【Chinese Concept Stocks News】

NIO's July Deliveries Reach 20,498 Units, Down 3.4% Month-on-Month
NIO's July deliveries reached 20,498 units, down 3.4% month-on-month.
Debang Logistics: JD Zhuofeng Completes Transfer of All Debang Holdings Shares
Debang Logistics announced that JD Zhuofeng Enterprise Management Co., Ltd. has completed the transfer of the remaining 2.7249% shares held by Mr. Cui Weixing in Debang Holdings according to the relevant transaction documents. The transfer registration procedures have been completed at Guangzhou Equity Exchange Co., Ltd. After this change in equity structure, JD Zhuofeng holds 100% of Debang Holdings, but the company's controlling shareholder and actual controller have not changed.
Li Xiang: Li Auto's New Autonomous Driving Technology Architecture to Start Large-Scale Testing by End of July
Li Auto announced July 2024 delivery data. Li Auto's Chairman and CEO Li Xiang revealed in the announcement that the company's new autonomous driving technology architecture, based on end-to-end models, VLM visual language models, and world models, started being pushed to large-scale test users by the end of July.
Li Auto's July Deliveries Reach 51,000 Units, Up 49% Year-on-Year
Li Auto's July deliveries reached 51,000 units, up 49% year-on-year, setting a new record for monthly deliveries.
After Taobao and Douyin E-commerce, Pinduoduo Also Prioritizes GMV as Its Primary Goal
It is understood that Pinduoduo adjusted its business focus in the second quarter of this year from pursuing commercialization and increasing profits to prioritizing GMV as its primary goal. Facing fierce competition, Pinduoduo needs to consolidate its domestic business foundation and maintain its advantages.