Chinese Concept Stocks | NIO Partners with Mastercard for In-Car Payment Solutions

On December 5th, Eastern Time (Thursday), all three major U.S. stock indexes closed lower. The S&P 500 Index fell 0.19% to 6,075.11 points; the Dow Jones Index dropped 0.55% to 44,765.71 points; the Nasdaq Index decreased by 0.18% to 19,700.26 points.

On December 4th, the Nasdaq Golden Dragon China Index fell by 1.38%.

Regarding popular Chinese concept stocks, JD.com rose 1.90%, TSMC increased by 1.80%, Baidu climbed 1.25%, Bilibili went up by 0.47%, NIO increased by 0.33%, Pinduoduo rose by 0.29%, XPeng Motors fell by 1.96%, Alibaba decreased by 0.92%, and NetEase dropped 0.47%.

Among continuously rising Chinese concept stocks, Manbang rose 2.92% for 8 consecutive days with an overall increase of 12.70% during the period. Smart Charging increased by 7.06% over 7 consecutive days with a total rise of 57.82%. Starry Cloud Printing went up by 18.15% over 7 consecutive days with a cumulative increase of 77.18%. Eureka Acquisition rose by 0.10% for 7 consecutive days with a total increase of 0.30%. Li Chen China increased by 0.47% over 6 consecutive days with a cumulative rise of 20.45%.

Among continuously declining Chinese concept stocks, Kandi Technologies fell by 1.82% for 7 consecutive days with a total decrease of 16.92% during the period. Ning Sheng International dropped 3.58% over 6 consecutive days with a cumulative decline of 32.31%. X3 Holdings decreased by 4.39% over 6 consecutive days with a total drop of 42.33%. Baird Medical fell by 10.48% for 5 consecutive days with a cumulative decrease of 25.40%. Huadi International dropped 1.04% over 5 consecutive days with a total decline of 6.83%. American Green Planet decreased by 1.41% over 5 consecutive days with a cumulative drop of 22.50%. Meihua International fell by 5.28% for 5 consecutive days with a total decrease of 14.24%.

Chinese Concept Stock News
Yum China announced a $360 million stock buyback in the first half of 2025. NIO and Mastercard signed a strategic cooperation agreement to explore in-car payment functions for NIO users. Both parties will provide value-added services and exclusive benefits such as charging, maintenance, car rentals, and business travel privileges for Mastercard cardholders, aiming to create a seamless in-car payment experience for expenses like charging, parking, tolls, and shopping worldwide.

Alibaba is set to launch an AI e-commerce tool "PIC COPILOT" in the U.S. Hesai announced its ATX has secured a mass production order from Changan Automobile's new intelligent driving platform, including over ten models from various brands. The platform's first model is expected to start mass production in the second half of 2025.

NIO Energy's Wuhan Manufacturing Center completed its 100th battery swap station. With a site area of approximately 20,000 square meters, the center took two months from project initiation to production, expected to deliver around 200 battery swap stations within the year, with a maximum capacity of 1,500 stations next year.

Alipay unveiled a new incentive policy for content MCNs, planning to support 10 MCNs with annual income exceeding ten million yuan. Alipay announced a total investment of 5 billion yuan in cash and traffic this year to support these MCNs.

TSMC is preparing to start Blackwell chip production in Arizona in early next year. Beijing Dongcheng State-owned Capital Operation Co., Ltd. announced the transfer of 100% equity of two companies into its portfolio, as part of an effort to optimize company assets and promote industrial transformation and upgrading.

Li Auto announced that its nationwide supercharging stations have surpassed 1,100, with over 600 stations on highways. In November, the company provided over 590,000 charging services, supporting the travel of 280,000 users.

Tmall welcomed Youyoujia E-commerce Company in Inner Mongolia. The newly founded company has a registered capital of 1 million yuan and is fully owned by Zhejiang Tmall Technology Co., Ltd. Its business scope includes internet sales, AI hardware sales, smart robot sales, wearable smart device sales, daily necessities sales, and second-hand daily necessities sales.

Rumors suggest Temu has been told to suspend its business in Vietnam. A source close to Temu disclosed that unlike global e-commerce giant Amazon, Chinese cross-border e-commerce platforms, including Temu, SHEIN, and AliExpress, have faced similar issues in Vietnam. Temu is actively communicating with relevant Vietnamese government departments to seek solutions and express its intention to provide affordable Chinese-manufactured goods to Vietnamese consumers.

Trip.com announced that frontline customer service employees could work remotely from their hometowns for up to two months around the Chinese New Year period, from January 1, 2025, to February 28, 2025. Rumors of Temu being told to suspend its Vietnam business have not been officially responded to by Pinduoduo.