Chinese Concept Stocks | NIO Leads Gains with 2.33% Rise as Baidu Appoints New CFO

On July 1st, Eastern Time (Tuesday), the three major indices of the US stock market showed mixed movements. The S&P 500 Index fell by 0.11%, closing at 6198.01 points; the Dow Jones Index rose by 0.91%, closing at 44494.94 points; and the Nasdaq Index dropped by 0.82%, closing at 20202.89 points.

On July 1st, the Nasdaq Golden Dragon China Index rose by 0.20%.

Regarding popular Chinese concept stocks, NIO rose by 2.33%, Xpeng Motors increased by 2.18%, Pinduoduo went up by 0.79%, Alibaba climbed by 0.54%, Baidu grew by 0.33%, JD.com rose by 0.18%, NetEase increased by 0.15%, TSMC fell by 0.83%, and Bilibili decreased by 0.51%.

Stocks with consecutive gains include Puho Biology with a latest increase of 4.12% over a 12-day period, achieving a cumulative rise of 93.16%. Melco Resorts & Entertainment rose by 11.34% over 9 days, with a cumulative increase of 28.18%. Tiancheng Technology experienced a 4.56% rise over 9 days, with a cumulative increase of 144.67%. Yum China rose by 2.19% over 8 days, with a cumulative increase of 6.85%. Daqo New Energy rose by 0.92% over 7 days, achieving a cumulative increase of 10.22%. Monster Charge increased by 1.75% over 7 days, with a cumulative rise of 4.50%.

Stocks with consecutive declines include Li Auto with a latest decrease of 1.00% over a 5-day period, experiencing a cumulative decline of 5.92%. New Oriental fell by 0.69% over 5 days, with a cumulative decline of 3.47%. Qifu Technology dropped by 0.83% over 5 days, with a cumulative decrease of 6.11%. Tian Ruixiang fell by 2.23% over 5 days, with a cumulative decline of 9.87%. E-Long Energy decreased by 1.92% over 5 days, experiencing a cumulative decline of 24.36%. Fangdd dropped by 1.89% over 5 days, with a cumulative decrease of 14.05%.

Suzhou Planning: Plans to purchase controlling interest in Beijing Dongjin Aviation Technology Co., Ltd., with stock suspension not exceeding 10 trading days.

Suzhou Planning announced that the company is planning to issue shares and pay cash to acquire the controlling interest in Beijing Dongjin Aviation Technology Co., Ltd., and to raise supporting funds. Due to uncertainties related to these matters, the company's securities will be suspended from trading starting July 2, 2025. The company expects to disclose the transaction plan within no more than 10 trading days, or by July 16, 2025, according to the "Information Disclosure Content and Format Standards for Public Offering Securities No. 26 - Major Asset Restructuring of Listed Companies."

Baidu Group: Appoints He Haijian as Chief Financial Officer.

Baidu Group announced the appointment of Mr. He Haijian as Baidu Group's Chief Financial Officer, effective immediately. Meanwhile, Mr. He Junjie will step down from the role of acting Chief Financial Officer and transition to Senior Vice President, responsible for human resources and administrative management. Additionally, Ms. Cui Shanshan will serve as Secretary General of Baidu's Cultural Committee.

NIO: Three new car models to be released in the second half of the year.

NIO will release three new car models: the third-generation NIO ES8, Le Tao L90, and Le Tao L80. The intelligent large-space flagship SUV Le Tao L90 will fully arrive at dealerships in early July and begin pre-sales.

In June 2025, NIO delivered 24,925 vehicles, a year-on-year increase of 17.5%.

In June 2025, NIO delivered 24,925 vehicles, a year-on-year increase of 17.5%. In the second quarter of 2025, the company delivered 72,056 vehicles, a year-on-year increase of 25.6%.

Li Auto delivered 36,279 vehicles in June 2025; the total deliveries for the second quarter were 111,074 vehicles.

Li Auto delivered 36,279 vehicles in June 2025; the total deliveries for the second quarter were 111,074 vehicles.

Fliggy: Significant year-on-year increase in bookings for flights, hotels, and other travel services during the summer.

On July 1st, Fliggy released the "2025 Summer Travel Indicator," showing significant year-on-year growth in bookings for flights, hotels, tickets, car rentals, and other travel services. Long-distance travel consumption increased by 7 percentage points compared to the same period last year, with Northwest, Northeast, and Southwest regions being popular destinations for summer travel. The data also shows that family trips account for 60% of summer travel, while the growth rate of college student customers is the fastest, with a year-on-year increase of 77% in travel numbers.

JD.com: Gifts 1000 100-inch TVs to the winning city of the "SPL" championship.

Today, JD.com announced that it would gift 1000 100-inch TVs to the winning city of the "SPL" championship. The event rules state that from 8:00 PM on June 30 to 11:59:59 PM on July 30, users can search "SPL TV free gift" on JD.com to participate in the event. If the user's city wins the championship, they will have a chance to win a free 100-inch TV. Previously, JD.com announced a strategic partnership with the Suqian team and launched the "Watch Suqian team home games for free meal" event. JD.com also announced its partnership as the official strategic partner of the Jiangsu Province City Football League - "SPL," with the slogan "Watch SPL, go to JD.com, guess the winner!" and launched a series of activities on the platform.

Xpeng Motors delivered 34,611 vehicles in June, a year-on-year increase of 224%.

Xpeng Motors delivered 34,611 vehicles in June, a year-on-year increase of 224%. The company achieved a record quarterly delivery volume in the second quarter, reaching 103,181 vehicles. From January to June 2025, Xpeng Motors delivered a total of 197,189 new cars, exceeding the total delivery volume for the year 2024.

He Haijian appointed as CFO, and Baidu initiates a new round of executive rotation.

On July 1st, Baidu founder Robin Li sent an internal letter announcing a new round of organizational adjustments: He Haijian (Henry) officially joined Baidu as the Group's Chief Financial Officer (CFO), responsible for managing Baidu's financial system. Senior Vice President He Junjie (Jackson) will no longer serve as acting CFO and will rotate to take charge of the Group's human resources and administrative management. Senior Vice President Cui Shanshan will no longer be responsible for the Group's human resources and administrative management and will continue to serve as Secretary General of the Cultural Committee.

IDC: In China's AI IaaS market in 2024, Alibaba Cloud ranked first, surpassing the combined share of the second and third places.

According to IDC's latest report, in China's AI Infrastructure (AI IaaS) market in 2024, Alibaba Cloud's market share was 23%, ranking first in the Chinese market, surpassing the combined share of the second and third places. In the generative AI infrastructure field, Alibaba Cloud achieved dual championships in model training and model inference markets.

EHang Holdings collaborates with Anshun City and Gui Travel Group to deploy 50 EH216-S aircraft.

Recently, EHang Holdings announced that Guizhou Scenery Tourism Development Co., Ltd., a wholly-owned subsidiary of Guizhou Tourism Industry Development Group Co., Ltd., ordered 50 EH216-S unmanned aerial vehicles from the company. These will be used to carry out low-altitude tourism sightseeing services in its scenic spots, continuously exploring and expanding "low-altitude + tourism" application scenarios. EHang has also signed a cooperation agreement with the Management Committee of Guizhou Anshun Economic and Technological Development Zone to jointly create a technology and cultural tourism brand for Guizhou Province.