Chinese Concept Stocks | TSMC and Alibaba Lead Gains as XPeng Hits European Milestone

On December 23, U.S. Eastern Time (Monday), the three major U.S. stock indices collectively closed higher. The S&P 500 index rose 0.73% to 5974.07 points; the Dow Jones index increased by 0.16% to 42906.95 points; and the Nasdaq index went up by 0.98% to 19764.88 points.

On December 20, the NASDAQ Golden Dragon China Index rose by 0.53%.

Among popular Chinese concept stocks, TSMC rose by 5.32%, Alibaba increased by 3.49%, Baidu was up by 3.10%, JD.com rose by 1.82%, XPeng Motors increased by 1.27%, Pinduoduo went up by 1.08%, NetEase rose by 0.30%, Bilibili fell by 1.48%, and NIO decreased by 1.32%.

For the continuously rising Chinese concept stocks, Euroland Instruments increased by 2.00% over 7 consecutive days with an overall rise of 10.07% during the period. Lixiang Education rose by 12.60% for 7 days with an increase of 130.83%. Flagship Automotive was up by 6.34% over 6 days, with a total rise of 14.74%. Hiwin Metal Processing increased by 0.53% over 6 days, totaling 0.79%. Li Auto rose by 2.33% for 5 days with a total rise of 10.60%. Interstellar Fashion increased by 0.43% over 5 days, totaling 23.56%.

For the continuously declining Chinese concept stocks, Robbe decreased by 5.41% over 9 consecutive days, with a total drop of 27.08%. Haetian Network fell by 2.68% over 8 days, totaling a decline of 15.33%. Chanson International decreased by 11.68% over 6 days, with a total drop of 32.66%. Viomi Technology decreased by 0.71% over 4 days, totaling a drop of 6.67%. Bright Scholar Education fell by 22.70% over 4 days, with a total decline of 29.90%. Huaxia BoYa fell by 2.53% over 4 days, totaling a drop of 18.18%. Phoenix New Media decreased by 0.42% over 4 days, with a total drop of 9.40%. Wadi International fell by 0.50% over 4 days, totaling a decline of 2.60%. Fangdd Network dropped by 7.60% over 4 days, with a total decline of 23.14%. Great Q Technology fell by 4.32% over 4 days, totaling a drop of 17.11%. Haoxi Health decreased by 2.40% over 4 days, with a total decline of 28.45%. Yunji fell by 7.13% over 4 days, totaling a drop of 17.11%.

First Service and Beijing Tengyun Invest 61.5 million yuan to acquire 42 properties in Dongcheng District, Beijing
The target assets are a total of 42 property units located in Buildings 3, 6, 7, 8, and 12 at No. 1 Xiangheyuan Street, North District, Dongcheng District, Beijing, with a total construction area of 12,302.41 square meters.

Ant Group forms new Alipay Business Group and implements rotating president system
Ant Group announced in an internal letter that it will accelerate the advancement of the dual-flywheel and AI strategies by forming a new Alipay Business Group based on the existing APP Business Unit, Advertising Business Unit, Digital Product Business Unit, Digital Livelihood Business Unit, Digital Travel and Hospitality Business Unit, and Digital Logistics Business Unit (formerly the Digital Logistics & Corporate Code Business Unit). The Digital Payment Business Group and Alipay Business Group will establish a rotating president system, where rotating presidents will serve as presidents of various business groups, responsible for advancing strategy implementation and decision-making on major issues. The term for each rotating president is six months, with Qin Yi and Pu Tian serving as the initial rotating presidents for the Digital Payment Business Group and Alipay Business Group, respectively.

Taobao announces the top ten products for 2024
On December 23, Taobao officially announced the top ten products for 2024. The list includes the Ugly Fish Slippers popularized during the Olympics by Quan Hongchan, the first domestic low-orbit travel "space ticket" presold during Taobao's Double 11 live stream, first-level energy-efficient air conditioners hot-selling due to government subsidies, and concept products related to the phenomenal domestic game Black Myth: Wukong, which became annual products most representative of national memory. Additionally, products reflecting young people's optimistic and positive consumption preferences, such as borderless pillows, millets, banana green plants, "shameless" sun-protective clothing, working person stand-up cards, and digital coupons, were also voted onto the list.

XPeng Motors completes delivery of the 10,000th intelligent pure electric vehicle in Europe
According to XPeng Motors' Weibo, on December 20, XPeng Motors reached a new milestone in its overseas expansion by completing the delivery of the 10,000th intelligent pure electric vehicle in Europe. This makes XPeng Motors the first Chinese emerging brand to achieve deliveries exceeding 10,000 units in Europe, marking the acceleration of XPeng Motors' "Overseas 2.0" strategy.