Chinese Concept Stocks | NIO Soars 14.39% Amid Broad Gains in Chinese EV Stocks

On September 5th (Thursday) Eastern Time, the three major U.S. stock indexes fluctuated. The S&P 500 Index fell by 0.30%, closing at 5503.41 points; the Dow Jones Index fell by 0.54%, closing at 40755.75 points; the Nasdaq Index rose by 0.25%, closing at 17127.66 points.

On September 5th, the Nasdaq Golden Dragon China Index rose by 0.88%. In terms of popular Chinese concept stocks, XPeng rose by 4.69%, Bilibili rose by 2.26%, NIO rose by 14.39%, TSMC rose by 1.71%, Baidu rose by 0.52%, JD.com fell by 1.68%, NetEase fell by 1.24%, Alibaba fell by 0.08%, and Pinduoduo fell by 0.08%.

【Consecutive Rising Chinese Concept Stocks】
Companies with consecutive gains include BEST Inc. with a 0.18% increase over 12 days, up 1.29% over the period; Trip.com with a 0.74% increase over 8 days, up 13.13% over the period; Aurora Mobile with a 2.33% increase over 7 days, up 26.44% over the period; Distoken with a 0.37% increase over 6 days, up 0.74% over the period; NIO with a 14.39% increase over 5 days, up 31.08% over the period; XPeng with a 4.74% increase over 5 days, up 21.29% over the period; Bilibili with a 2.26% increase over 5 days, up 12.52% over the period; Dingdong with a 4.33% increase over 5 days, up 21.11% over the period; Huami with a 2.29% increase over 5 days, up 19.58% over the period.
【Consecutive Falling Chinese Concept Stocks】
Companies with consecutive losses include 111, Inc. with a 2.94% decrease over 7 days, down 30.53% over the period; Burning Rock Biotech with a 1.03% decrease over 7 days, down 21.65% over the period; Huize with a 6.56% decrease over 7 days, down 51.49% over the period; Lotus Technology with a 5.60% decrease over 6 days, down 13.14% over the period; China Automotive Systems with a 0.78% decrease over 6 days, down 3.78% over the period; SunCar Technology Group with a 0.43% decrease over 6 days, down 25.16% over the period.
【Chinese Concept Stocks News】

Drone Industry's Performance Diverged in the First Half of the Year, Companies Optimistic About Future Application Scenarios
With the rising popularity of the low-altitude economy, the development of drone-related companies in the first half of the year has also attracted market attention. Data shows that in the first half of 2024, the performance of companies whose main or significant business is drones varied significantly. Several leading companies saw growth, while a few experienced a decline in net profit. "It can be seen that due to factors such as market demand and industry competition, the overall performance of the drone industry in the first half of the year varied significantly. Drone companies face both challenges and opportunities. With the gradual opening of application scenarios and continuous policy support for the low-altitude economy, the market space is huge in the long term, and related companies in the drone field will benefit from it," said Cao Che, Chief Investment Officer at Aivon Zhilu.
iQIYI Sports: Instant Traffic Surge During National Football Team Match, Enhancing Future Operational Capabilities
iQIYI Sports released a statement apologizing for the excessive instant traffic during the live broadcast of the Chinese men's national football team's first away match against Japan in the Asian Qualifiers. The surge in fan enthusiasm caused the technical service resource allocation to exceed its limit, leading to a poor viewing experience for some users. They will enhance their technical plans and operational capabilities to provide more stable and reliable live broadcast services in the future. They apologized to the fans and thanked them for their support.
Li Xiaopeng Meets with Liberia Maritime Authority Director
On the afternoon of September 5th, Minister of Transport Li Xiaopeng met in Beijing with Neto Zarzar Lighe, Director of the Liberia Maritime Authority. The two sides exchanged in-depth views on strengthening cooperation in transportation and signed a new maritime agreement between the governments of China and Liberia. Li Xiaopeng pointed out that the cooperation between China and Liberia in the field of transportation has progressed smoothly, achieving fruitful results. He hopes the two sides will continue to communicate and exchange, deepen bilateral cooperation in transportation under the framework of the "Belt and Road" initiative and the Forum on China-Africa Cooperation, and make due contributions to building a high-level China-Africa community with a shared future.
Alibaba Announces Repurchase of 5.8 Million Shares on September 4th
Alibaba announced that it repurchased 5.8 million shares on September 4th, costing approximately $59.97 million.
Alipay Launches AI Life Assistant App "Zhixiaobao" to Handle Daily Affairs
"Large models are moving from 'competing on parameters' to 'competing on applications'," said Han Xinyu, President of Ant Group, at the Bund Conference on September 5th. On the same day, the AI life assistant app "Zhixiaobao," built on Ant's Biling large model, was officially released.
NIO's Q2 2024 Revenue Reaches 17.45 Billion Yuan
NIO released its Q2 2024 financial report, showing revenue of 17.45 billion yuan for the quarter, compared to 8.772 billion yuan in the same period last year.
Ant Group Partners with Ningbo Bank for Joint Innovation in Large Models and Other Fields
Recently, Ant Group and Ningbo Bank reached a strategic cooperation agreement. The two sides plan to deepen cooperation in six major areas, including retail credit, digital payments, wealth management, and technological innovation. They will particularly focus on digital technology and basic technology applications, exploring innovation in areas such as large models, big data, high-performance computing, blockchain, digital currency, and information technology. The two parties will also explore the establishment of innovation laboratories to study financial service applications, aiming to accelerate the construction of a new cooperative development ecosystem for Internet+ finance.
Taobao to Gradually Enable WeChat Pay for Merchants Starting September 12th
On September 5th, Taobao announced that it will gradually enable WeChat Pay for all Taobao and Tmall merchants starting September 12th, following its plan to add WeChat Pay capabilities. This move aims to enhance the shopping experience for consumers.
NIO: Individuals Responsible for Spreading "NIO Announces Bankruptcy" Rumors Apprehended
On September 5th, NIO's Legal Department announced that on August 30th, the company discovered a large number of malicious rumors about "NIO announcing bankruptcy" circulating on WeChat groups and social media platforms, seriously affecting the company's reputation and normal operations. The company immediately reported the incident to the police. Today, the police responded that the individuals responsible for spreading the rumors have been apprehended. The company will continue to cooperate with the police and relevant departments to investigate the organizers behind the rumors.
Ant Group President Han Xinyu: Alipay to Launch AI Independent App Zhixiaobao
On the morning of September 5th, Ant Group President Han Xinyu revealed at the 2024 Inclusion Bund Conference that Ant will release three new AI products at this year's conference, including Alipay's new AI independent app Zhixiaobao.
XPeng MONA M03 Selling Well, Body Parts Supplier Bojun Technology Responds
Recently, Bojun Technology disclosed that the company is the sole supplier of body parts for XPeng's MONA M03 model. The August orders have been delivered, and the estimated delivery volume for September is over 10,000 units. On August 27th, XPeng's MONA M03 was launched, with over 10,000 units sold within 52 minutes and over 30,000 units sold within 48 hours of launch. Citibank's research report indicated that XPeng's MONA M03 orders have increased strongly, with 31,000 to 36,000 orders accumulated within seven days of launch. The report stated that MONA's order situation enhances the group's sales visibility, raising XPeng's H-share target price while maintaining a "neutral" rating. Bojun Technology's investor relations department responded that the company's production capacity can meet the demand for XPeng's MONA M03 orders.
Morgan Stanley: Taobao and Tmall Enabling WeChat Pay Brings a Win-Win Situation
Morgan Stanley's research report pointed out that Alibaba's Taobao and Tmall are fully integrating with Tencent's WeChat Pay. The firm believes that this move is an important milestone for both ecosystems, bringing a win-win situation. The integration will help Taobao and Tmall further penetrate lower-tier cities, maintaining their market share. For Tencent, this move can increase WeChat Pay's market share, especially in online payments. In the long run, Tencent will gain valuable consumer transaction data, potentially enhancing its market insights for its advertising business.
Goldman Sachs: Adding WeChat Pay to Alibaba Could Open Further Cooperation Potentials
Goldman Sachs' research report stated that Alibaba's proposal to add WeChat Pay as a new payment method for Taobao and Tmall platforms was expected. Since September 1st, Taobao and Tmall have started charging software service fees, paving the way for expanding online payment methods beyond Alipay. The firm believes this move could open up further cooperation potentials, such as having a mini-program within the WeChat ecosystem. The report indicates that adding WeChat Pay could help Taobao and Tmall develop new users in lower-tier cities and improve convenience for existing users.
Ant Group President Han Xinyu: Alipay to Launch AI Independent App Zhixiaobao
On September 5th, Ant Group President Han Xinyu revealed at the 2024 Inclusion Bund Conference that Ant will release three new AI products, including Alipay's new AI independent app: AI life assistant "Zhixiaobao," AI wealth manager "Maxiaocai," and AI health manager (name to be determined).
Dong Yuhui Responds to Recent Rumors
On September 4th, Dong Yuhui addressed issues of online violence and rumors about his family during a live broadcast. He stated, "In our industry, we can't help it. We accept both the love and criticism from everyone." He criticized the baseless articles written for clicks and mentioned seeking legal measures against those spreading rumors about his family. Some self-media accounts have already been silenced.
Allianz Insurance Group to Transfer 53.33% Stake in JD Allianz to Allianz China Holdings
Recently, the National Financial Supervision and Administration of Guangdong approved the shareholder change application of JD Allianz Property Insurance Co., Ltd., agreeing to Allianz Insurance Group transferring its 53.33% stake in