Chinese Concept Stocks | NIO, XPeng Surge Amid Nasdaq Golden Dragon Index 4.05% Rise

On October 28 (Monday), Eastern Time, the three major U.S. stock indices collectively closed higher, with the S&P 500 up 0.27% at 5823.52 points, the Dow Jones up 0.65% at 42387.57 points, and the Nasdaq up 0.26% at 18567.19 points.

On October 28, the Nasdaq Golden Dragon China Index rose by 4.05%.

Among popular Chinese stocks, XPeng Motors rose 8.94%, Bilibili rose 7.65%, JD.com rose 4.36%, Baidu rose 3.72%, Pinduoduo rose 2.71%, Alibaba rose 2.60%, NIO rose 10.46%, NetEase rose 1.68%, and TSMC fell 4.28%.

Li Auto rose 1.18% over 7 consecutive days, totaling a 22.65% increase during this period. Ming Teng rose 2.01% over 7 days, totaling a 73.91% increase. Lichen China rose 1.63% over 6 days, totaling a 6.25% increase. Cango rose 12.16% over 5 days, totaling a 42.29% increase. BaiJiaYun rose 2.87% over 4 days, totaling a 7.96% increase. China Automotive Systems rose 6.28% over 4 days, totaling a 10.12% increase. Starry Group rose 1.36% over 4 days, totaling a 4.06% increase. JiuZhou Pharmacy rose 11.17% over 4 days, totaling a 34.27% increase. YueHang Sunshine rose 24.55% over 4 days, totaling a 50.96% increase.

MicroCloud Hologram fell 5.73% over 9 consecutive days, totaling a 40.46% decrease during this period. Zibao Tech fell 1.26% over 5 days, totaling a 13.30% decrease. Boqii Pet fell 3.03% over 5 days, totaling a 29.49% decrease. Luokung fell 1.08% over 4 days, totaling a 10.16% decrease. Zhongjin Tech fell 8.92% over 4 days, totaling a 14.48% decrease. Huapu Group fell 5.95% over 4 days, totaling a 29.36% decrease. Fanhua Holdings Group fell 5.59% over 4 days, totaling a 91.56% decrease. Xiaoi Robot fell 1.79% over 4 days, totaling a 10.04% decrease. Chengdao Environmental fell 1.50% over 4 days, totaling a 13.20% decrease. XChange fell 1.05% over 4 days, totaling a 10.43% decrease. GD Culture Group fell 1.73% over 4 days, totaling an 11.92% decrease. Origin Agritech fell 0.75% over 4 days, totaling a 13.73% decrease. Huaxia Boya fell 0.75% over 4 days, totaling a 9.90% decrease. Oriental Culture fell 3.96% over 4 days, totaling a 9.18% decrease. Easy Electric fell 6.67% over 4 days, totaling a 15.15% decrease. Carbon Master Holdings fell 3.45% over 4 days, totaling a 25.00% decrease.

Alibaba International Station: Launches First Full-Process AI Product
On October 28, Alibaba International Station launched its first full-process AI product. This AI product is equipped with four professional AI assistants in the fields of foreign trade operations, reception, marketing, and compliance, capable of managing the entire foreign trade operation process. It can also link to the company's exclusive knowledge base to create personalized solutions.

Pinduoduo's First "Super Double Subsidy" Orders Exceed 16.4 Million
On October 28, Pinduoduo officially launched the second round of the "Super Double Subsidy" activity and released the first round report. From October 11 to 18, the first round of "Super Double Subsidy" accumulated over 16.4 million orders, with fresh food accounting for 32% of the total orders, while mobile and digital products made up more than 40% of sales. Beauty, personal care, and maternal and child categories accounted for 28% of sales.

Cainiao Fully Integrates into JD Platform to Provide E-commerce Delivery and Supply Chain Services
Following JD Logistics' integration with Taobao Tmall, Cainiao has also fully integrated into the JD platform. It is reported that Cainiao and JD's systems have mostly completed integration. Cainiao's self-operated delivery services, such as Cainiao Express and Cainiao Large Item Home Delivery Supply Chain, are among those integrated, providing global delivery and supply chain services to merchants and consumers on the JD platform. In the future, JD users can use Cainiao Express for doorstep delivery, half-day delivery, next-day delivery, and 2-hour pickup services. From November, with deeper integration of Cainiao's supply chain, JD users can also use Cainiao's precise appointment, delivery and installation, and old-for-new services for large home appliances.

Pinduoduo's First Round Orders Exceed 16.4 Million
On October 28, Pinduoduo officially launched the second round of the "Super Double Subsidy" activity and released the first round report. From October 11 to 18, the first round of "Super Double Subsidy" accumulated over 16.4 million orders, with fresh food accounting for 32% of the total orders, while mobile and digital products made up more than 40% of sales. Beauty, personal care, and maternal and child categories accounted for 28% of sales.

Guizhou Gas: Shareholder Beijing Dongjia Plans to Reduce Holdings by No More Than 3%
Guizhou Gas announced that its shareholder Beijing Dongjia Investment Co., Ltd., holding more than 5% of the shares, plans to reduce its holdings by no more than 34.5 million shares, accounting for 3% of the company's total share capital, from November 20, 2024, to February 19, 2025, through centralized bidding and bulk trading. As of the announcement date, Beijing Dongjia holds 250 million shares, accounting for 21.76% of the company's total share capital. This reduction is due to its own funding needs and does not violate its share lock-up commitment.

TCL Technology: Company Optimistic About LCD Maintaining Mainstream Display Technology for a Long Time
On October 28, TCL Technology stated on an interactive platform that according to company and market research, LCD remains the absolute mainstream technology in most display application scenarios. The company is optimistic that LCD will maintain its mainstream display technology position for a long time in the future.

Ant Group and Others Invest in China Ocean Energy Storage
According to Tianyancha App, recently, China Ocean Energy Storage Technology (Beijing) Co., Ltd. underwent industrial and commercial changes, with original shareholder SCC Venture IX Holdco B, Ltd. exiting and new shareholders including Ant Group's Shanghai Yunyang Enterprise Management Consulting Co., Ltd., Beijing Changping SME Growth Investment Fund (Limited Partnership), and Huizhou Huiyang District Junheng Investment Management Partnership (Limited Partnership) added as shareholders. The registered capital increased from approximately 32.74 million RMB to about 36.83 million RMB. Established in November 2020, the company is represented by Wang Shen and engages in engineering and technology research and experimental development, energy storage technology services, energy management contracts, battery components production, and sales, currently co-held by Wang Shen, Beijing China Ocean Energy Storage Enterprise Management Center (Limited Partnership), Zeng Jianhua, and the aforementioned new shareholders. The official website shows that China Ocean Energy Storage focuses on the research and development of new large-capacity electrochemical energy storage products, specifically iron-chromium flow battery energy storage systems.

NIO Announces Over 2600 Battery Swap Stations Nationwide
According to NIO, on October 28, NIO's 2600th battery swap station was officially launched at Wuxi Lihu Bridge Park. As of October 28, NIO has deployed 2601 battery swap stations nationwide, including 868 highway swap stations, 4067 charging stations, 23911 charging piles, and 1.1 million third-party piles.