Chinese Concept Stocks | NIO Surges 10.86%, Alibaba Joins Stock Connect, TSMC Rises on Strong A18 Orders

On September 9th (Monday) Eastern Time, all three major U.S. stock indexes rose by more than 1%. The S&P 500 index increased by 1.16% to 5471.05 points; the Dow Jones index rose by 1.20% to 40829.59 points; and the Nasdaq index went up by 1.16% to 16884.60 points.

On September 9th, the Nasdaq Golden Dragon China Index rose by 0.69%.

Among popular Chinese concept stocks, TSMC rose by 3.85%, NIO surged by 10.86%, Baidu increased by 0.77%, Alibaba went up by 0.31%, Pinduoduo dropped by 0.90%, JD.com fell by 0.69%, XPeng Motors decreased by 0.23%, Bilibili fell by 0.07%, and NetEase dropped by 0.03%.

Regarding continuously rising Chinese concept stocks, Best Group increased by 0.36% over 14 consecutive days, gaining 1.66% over this period. NIO surged by 10.96% over 7 consecutive days, achieving a 50.54% increase over this period. Jiayin Group rose by 0.38% over 4 consecutive days, gaining 4.52% over this period. Color Star increased by 3.65% over 4 consecutive days, achieving a 40.87% increase over this period. Paimingxin City rose by 1.33% over 4 consecutive days, gaining 8.53% over this period.

Regarding continuously declining Chinese concept stocks, Youjia Insurance fell by 19.57% over 9 consecutive days, losing 68.17% over this period. Zhongqi System decreased by 1.61% over 8 consecutive days, losing 7.46% over this period. X3 Holdings fell by 3.06% over 7 consecutive days, losing 35.81% over this period. Huadi International decreased by 1.29% over 7 consecutive days, losing 11.11% over this period. SOS fell by 2.07% over 6 consecutive days, losing 27.58% over this period. Meitu Technology decreased by 0.50% over 6 consecutive days, losing 3.52% over this period.

iPhone 16 Series to debut globally on Tmall on September 13
The official Tmall Apple Store will have the iPhone 16 series available for pre-sale in stock at 8 PM on September 13, sharing inventory with Apple's official website and 7 days earlier than other e-commerce platforms.

Trip.com: Travel bookings for the "Golden Week" holiday are booming, with air ticket prices dropping by over 20%
On September 9th, Trip.com released the "2024 National Day Tourism Forecast Report", showing that air ticket prices for both domestic and outbound flights during the "Golden Week" have dropped by over 20% compared to the same period last year. Hotel prices have also decreased to some extent, and high-quality and affordable products are driving the boom in holiday travel bookings.

Shanghai Stock Exchange and Shenzhen Stock Exchange: Alibaba officially included in Stock Connect
Shanghai Stock Exchange and Shenzhen Stock Exchange announced that Alibaba has been officially included in Stock Connect, effective from September 10, 2024.

Ant Group to distribute dividends to all shareholders
Ant Group recently held a general meeting of shareholders where the company's profit distribution plan was approved. According to the plan, Ant Group will distribute dividends to all shareholders, and employees holding equity incentive tools will also enjoy the corresponding economic benefits. Ant Group stated that this dividend is due to the company's phased achievements in operations. Recently, the company has focused on development, with its main business maintaining a steady pace and its innovative business achieving accelerated breakthroughs. Based on confidence in future development and a commitment to shareholders and employees, the company has formulated this profit distribution plan after comprehensively considering reasonable shareholder returns, sustainable operational capabilities, and continued investment in future development. The dividend will not affect future investments, and Ant Group will continue to invest heavily in strategic directions such as AI.

Strong Apple A18 orders drive TSMC's 3nm process revenue to grow by 34% year-on-year
It is reported that Apple will use A18 and A18 Pro chips in the iPhone 16 series, and the increase in orders for these chips will significantly boost TSMC's 3nm process revenue. Previous forecasts indicated that TSMC's 3nm process revenue would grow by 26-29% in 2024, but with increased orders from major customers like Apple, this forecast has been raised to 31-34%.

Ding Lei resigns as legal representative and executive director of Human Horizons
According to Tianyancha, on September 5, Human Horizons underwent an industrial and commercial change, with Ding Lei resigning as the legal representative and executive director. Ma Weimian has taken over as the legal representative and director, and the supervisor has also changed.

TSMC's first ASML High NA EUV system to be installed this month? Both companies respond
Industry sources indicate that TSMC's first ASML High NA EUV lithography system is expected to be installed this month. Due to the specific and precise nature of the equipment, which costs over 400 million euros and has dimensions exceeding those of a meeting room, it may require special transportation arrangements, such as nighttime transport via highways connected to airports or seaports, to avoid traffic disruptions. ASML stated that it does not comment on individual customers, while TSMC declined to respond to market rumors.

Korean Huaren appointed as the legal representative of Baidu Zhixing
According to Tianyancha, on September 6, Beijing Baidu Zhixing Technology Co., Ltd. underwent an industrial and commercial change, with Nie Yuren resigning as the legal representative and executive director. Korean Huaren has been appointed as the legal representative and director, and Jin Wenyuan resigned as the financial officer, with Ye Mingxi taking over. Beijing Baidu Zhixing Technology Co., Ltd. was established in April 2017 with a registered capital of 100 million RMB, engaged in the development of communication equipment, intelligent in-car devices, and mobile terminal devices, with Choi Shanshan and Liang Zhixiang each holding 50% shares.

NIO's legal department: Part of the compensation from rights protection has been donated to support relief efforts for Typhoon "Morakot"
On September 9, NIO's legal department announced that the company will continue to donate compensation obtained from rights protection to support charitable causes. Recently, part of the compensation has been donated through the NIO User Charity Foundation to support relief efforts for those affected by Typhoon "Morakot".

Ernie Bot's market head denies abandoning general-purpose large model
On September 9, in response to recent online rumors that the general-purpose large model behind Ernie Bot was being abandoned, Ernie Bot's market head Zhang Quanwen stated in a social media post, "The claim that we are abandoning the development of the general-purpose large model is completely false! Ernie Bot has just completed a comprehensive upgrade of its features. We will continue to increase our investment in the development of general-purpose large models." The upgrade includes more in-depth and professional content creation, more comprehensive and rich Q&A effects, support for processing hundreds of various format files simultaneously, one-click connection to cloud drive documents, intelligent translation, and image understanding.

Pinduoduo's "100 Billion Subsidy" introduces a new policy, with the platform covering all logistics transfer fees for remote areas
According to reports, Pinduoduo's "100 Billion Subsidy" plan has introduced a new policy where, starting immediately, all logistics transfer fees for orders to remote areas will be covered by the platform. Merchants only need to send orders to transfer warehouses, and the transfer warehouses will then ship the orders to remote areas such as Xinjiang, Tibet, Gansu, Ningxia, and Inner Mongolia, with the logistics transfer fees fully covered by the platform. This new measure has already covered all merchants on the platform and is expected to further reduce logistics costs for merchants, promoting the direct connection of more products to remote areas like Xinjiang.

Qingdao home appliance trade-in subsidy goes live on JD.com: National consumers can receive up to 2,000 yuan per item
According to "Qingdao Release", starting at 10 AM today, Qingdao's home appliance trade-in activity will go live on JD.com and Taobao platforms, officially launching the online subsidy activity. National consumers can log in to the aforementioned platforms to participate in the activity. Consumers can search for "Qingdao trade-in" on JD.com and Taobao apps to receive subsidy coupons, which can be used to purchase eight categories of home appliances, including refrigerators (including freezers), washing machines (including dryers), televisions, air conditioners (including central air conditioners), computers, water heaters (including boilers), household stoves (including integrated stoves), and range hoods, with a maximum subsidy of 2,000 yuan per item, and up to 16,000 yuan per person. It is reported that this round of subsidy policy is not limited to the traditional trade-in model, and consumers who directly purchase new home appliances can also enjoy government subsidies. Additionally, the activity is not limited to the local area, and consumers who log in to the platform to receive subsidies can enjoy the activity benefits.

Intel to entrust TSMC with producing all chips below 3nm
Intel will entrust TSMC with producing all chips below 3nm.