Chinese Concept Stocks | NIO Rises 6.93% as Nasdaq Golden Dragon Index Gains 1.23%

On July 17th (Thursday), Eastern Time, the three major U.S. stock indices collectively closed higher. The S&P 500 index rose by 0.54%, closing at 6297.36 points; the Dow Jones index increased by 0.52%, closing at 44484.49 points; and the Nasdaq index climbed by 0.75%, closing at 20885.65 points.

On July 17th, the Nasdaq China Golden Dragon Index rose by 1.23%.

Regarding popular Chinese concept stocks, NIO rose by 6.93%, TSMC increased by 3.37%, JD.com climbed by 3.32%, Pinduoduo rose by 2.70%, XPeng Motors increased by 1.70%, Baidu grew by 1.38%, Bilibili rose by 1.36%, Alibaba increased by 1.30%, and NetEase climbed by 0.44%.

Among the continuously rising Chinese concept stocks, Dragon Acquisition had a latest increase of 0.10%, rising for 10 consecutive days with a cumulative increase of 0.29%; Li Auto rose by 6.67% for 9 consecutive days with a cumulative increase of 20.87%; Huya increased by 6.21% for 8 consecutive days with a cumulative increase of 33.74%; Eureka Acquisition climbed by 0.28% for 8 consecutive days with a cumulative increase of 1.04%; Microbus rose by 1.91% for 7 consecutive days with a cumulative increase of 33.96%.

Among the continuously declining Chinese concept stocks, TaoPing had a latest decrease of 0.25%, declining for 7 consecutive days with a cumulative decrease of 11.64%; Bawang Tea Ji fell by 0.65% for 5 consecutive days with a cumulative decrease of 7.92%; Xiaoying Technology dropped by 0.60% for 5 consecutive days with a cumulative decrease of 8.55%; Jinsheng Youle fell by 11.21% for 5 consecutive days with a cumulative decrease of 24.26%; Meihua International decreased by 0.53% for 5 consecutive days with a cumulative decrease of 10.85%.

On July 17th, JD.com responded to the recent subsidy battle in the food delivery industry, stating that the "0 yuan purchase" and "18-18" malicious subsidies are signs of severe internal competition and malicious competition. JD.com has not participated in this. Since March this year, JD.com has focused on three aspects: reducing industry commissions; providing social insurance and housing fund for delivery riders and signing formal labor contracts; promoting quality food delivery to ensure safe consumption.

At the Fifth RISC-V China Summit, Alibaba Group's Vice President and head of the Dharma Academy Xuan Tie team, Qi Xiaoning, stated that RISC-V high-performance computing products are moving towards industrial landing, meeting the flexible computing power needs of AI high-performance computing in multiple scenarios and actively improving high-performance platform standards.

Yuekang Pharmaceutical announced that its subsidiaries Yuekang Kechuang and Hangzhou Tianlong have received clinical trial approval from the National Medical Products Administration for the YKYY029 injection used to treat hypertension. They will conduct Phase I clinical trials of the product. The YKYY029 injection is a small interfering ribonucleic acid (siRNA) drug targeting the AGT gene, independently developed by Yuekang Kechuang and Hangzhou Tianlong, with a new sequence and using a newly modified template of siRNA sequence independently developed by the company. The company holds exclusive global rights.

On July 17th, TSMC executives stated at the Q2 earnings conference that the resumption of H20 sales to China is a very positive development. China is a large market, and this is good news for the company. However, they do not yet consider it the right time to raise guidance, which may happen in the next quarter.

Kingsoft Corporation replied to investors on the interactive platform that the company is still in the research and design stage for business products related to "stablecoins" and "virtual asset transactions." The application scenarios and market scale remain highly uncertain, facing the risk of new technology research and commercial application not meeting expectations. As of now, the company has not conducted stablecoin-related business cooperation with JD.com. Investors are advised to distinguish false information and invest cautiously.

Three Squirrels responded on the interactive platform to investor inquiries about whether the company has joined the "instant retail" sector amid the summer peak of the industry, with major platforms like Alibaba actively promoting it. Currently, the company's stores and instant retail segments have launched on Ele.me (Flash Sale), effectively boosting sales through online-offline linkage. Meanwhile, the online Tmall flagship store is actively embracing and gradually integrating into Taobao Flash Sale's merchant self-distribution network, with coordinated efforts for Shanghai's warehouse distribution business.

TSMC stated that it is fully advancing the integrated fan-out package (CoWoS) technology.

TSMC stated that the demand for artificial intelligence is becoming increasingly strong.

TSMC expects third-quarter revenue to be between $31.8 billion and $33 billion.

TSMC's second-quarter net profit was 398.3 billion Taiwanese dollars, compared to an estimated 376.42 billion Taiwanese dollars; the second-quarter gross margin was 58.6%, compared to an estimated 57.9%.

Li Auto announced that the Li Auto i8 is now available for pre-order, with an estimated price of 350,000 to 400,000 yuan. The official price will be announced at the July 29th conference. Users who pre-order between July 17th and July 29th will enjoy priority delivery rights upon confirming their orders.

On July 17th, Li Auto announced that after 2 years and 3 months, the core sections of Li Auto's "Nine Vertical and Nine Horizontal" high-speed supercharging network have been officially connected.

On July 16th, at the opening day of the third "Chain Expo" in Beijing, Zhanjiang Guolian Aquatic Products Development Co., Ltd. signed a cooperation intention agreement with Yum China for tilapia procurement, promoting the popularization of high-quality aquatic products in the domestic consumer market. After reaching cooperation, Yum China will develop innovative products to broaden the application scenarios of local specialty aquatic products, promote the launch of Guangdong Guolian Aquatic's tilapia products in Yum China's restaurants, boost farmers' income, and build a value-sharing supply chain ecosystem.

On July 16th, Tan Hua, Party Secretary and Chairman of China Energy Construction Gezhouba Group, met with Du Shenghai, Vice General Manager of Alibaba Cloud Computing Co., Ltd., to discuss collaboration in cloud computing, artificial intelligence, enterprise digital transformation, and large model development, reaching broad consensus.