Chinese Concept Stocks | TSMC and Pinduoduo Surge, Alibaba and Bilibili Decline Amid Market Fluctuations
4min read On January 6, Eastern Time (Monday), the three major U.S. stock indexes showed mixed results. The S&P 500 rose by 0.55%, closing at 5975.38 points; the Dow Jones index fell by 0.06%, closing at 42706.56 points; and the Nasdaq index rose by 1.24%, closing at 19864.98 points.
On January 3, the Nasdaq Golden Dragon China Index increased by 0.93%.
Among popular Chinese concept stocks, TSMC rose by 5.46%, Pinduoduo by 2.27%, NIO by 1.62%, XPeng Motors by 0.30%, Alibaba by 0.01%, while Bilibili fell by 0.76%, Baidu by 0.66%, JD.com by 0.57%, and NetEase by 0.03%.
In terms of continuously rising Chinese concept stocks, Zhongchi Chafu rose by 3.13% for 7 consecutive days with a cumulative increase of 2.22%. Future Vision rose by 0.10% for 7 consecutive days with a cumulative increase of 0.20%. Singularity Future rose by 14.22% for 6 consecutive days with a cumulative increase of 60.69%. Daqo New Energy rose by 0.43% for 5 consecutive days with a cumulative increase of 8.67%. Huapu Group rose by 17.46% for 5 consecutive days with a cumulative increase of 39.36%. Able View Global rose by 20.13% for 5 consecutive days with a cumulative increase of 37.86%. Jinsheng Yule rose by 0.38% for 5 consecutive days with a cumulative increase of 30.69%.
In terms of continuously falling Chinese concept stocks, Bilibili fell by 0.76% for 6 consecutive days with a cumulative decrease of 12.24%. Douyu fell by 1.90% for 6 consecutive days with a cumulative decrease of 7.67%. Yatsen Global fell by 5.41% for 6 consecutive days with a cumulative decrease of 30.40%. Studio City fell by 4.41% for 5 consecutive days with a cumulative decrease of 23.14%. Aihuishou fell by 1.45% for 5 consecutive days with a cumulative decrease of 10.86%. Qudian fell by 3.26% for 5 consecutive days with a cumulative decrease of 9.18%. Miniso fell by 0.83% for 5 consecutive days with a cumulative decrease of 12.85%.
JinkoSolar Sues LONGi Green Energy for Patent Infringement, LONGi Responds
JinkoSolar has recently filed a lawsuit against LONGi Green Energy in the Nanchang Intermediate People's Court, demanding an immediate halt to infringement of relevant invention patents and compensation for economic losses. The case has been filed and accepted. A LONGi Green Energy representative stated that the company is one of the enterprises with the most patents in the photovoltaic field and respects other companies' intellectual property rights. They will actively investigate and respond, and if necessary, will counter-sue regarding TOPCon and other technology series products.
Alibaba Health: Demand for Influenza-related Products Has Increased Over 200%
On January 6, "Baloxavir Demand Soars" became a hot search topic on Taobao. According to Alibaba Health Pharmacy, searches and demand for Baloxavir, Oseltamivir, and related drugs have continued to rise in the past two weeks. On January 5, the search demand for related products increased by more than 200% compared to the previous period. Baloxavir (Sufuda) is currently priced at 235 yuan (20mg*2 tablets/box) on Alibaba Health Pharmacy.
Fliggy: "Intangible Heritage Tours" Popularity Increased by 133% for This Year's Spring Festival
With more than 20 days to go until the long Spring Festival holiday, homecoming and travel bookings have peaked. According to Fliggy's "2025 Spring Festival Travel Indicator," searches related to "intangible heritage tours" that include intangible cultural heritage sites and experiences have increased by 133% compared to last month. Popular experiences include visiting lantern festivals, temple fairs, watching folk song and dance performances, and wearing Hanfu for travel photography. Additionally, long-distance travel destinations have rapidly emerged due to the long holiday. According to Fliggy data, Yunnan Nujiang, Ningxia Zhongwei, Yunnan Lincang, Guangxi Chongzuo, and Yunnan Dehong lead the nation in tourism product booking growth during the Spring Festival.
Tmall's New Year Goods Festival Officially Kicks Off at 8 PM Tonight
The Tmall New Year Goods Festival officially starts at 8 PM on January 6. This year's festival offers additional savings with ongoing government subsidy activities, initially launched online on Tmall, with up to 2,000 yuan in subsidies for eight major appliance categories, combined with the New Year Goods Festival subsidies, prices are as low as 60% off.
Ant Group and Others Invest in Restructurable Computing Chip Developer Qingwei Intelligence
According to Tianyancha App, Beijing Qingwei Intelligent Technology Co., Ltd. recently underwent industrial and commercial changes. Shenzhen Zhurong Venture Capital Co., Ltd. and LFC Investment Hong Kong Limited exited as shareholders, while Ant Group's subsidiary Shanghai Yunyan Enterprise Management Consulting Co., Ltd., National Private Equity Fund (Xi'an) Partnership (Limited Partnership), Shenzhen Zhurong Industrial Investment Co., Ltd., and others were added as shareholders. The registered capital increased from approximately 40.55 million RMB to approximately 42.49 million RMB. Established in July 2018, the company operates in entrusted processing of electronic products, sales of computers, software and auxiliary equipment, communication equipment, technical testing, import and export of goods, etc. The company's shareholders include Beijing Fuhua Tongchuang Technology Management Center (Limited Partnership), Yin Shouyi, Huake Technology Transfer Co., Ltd., National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., and the newly added shareholders. Qingwei Intelligence is a commercial enterprise for restructurable computing chips.
Xpeng and Volkswagen Join Forces to Build China's Largest Superfast Charging Network
On January 6, 2025, in Guangzhou, China, Xpeng Motors Co., Ltd., a leading smart electric vehicle company in China, and Volkswagen Group China, one of the world's largest automotive manufacturers, announced a strategic cooperation in the domestic superfast charging network sector and signed a memorandum of understanding (MOU). According to the consensus reached in the MOU, Xpeng Motors and Volkswagen Group China will mutually open their proprietary superfast charging networks to jointly create China's largest superfast charging network for customers. Through this strategic cooperation, Xpeng Motors and Volkswagen Group China will provide customers with a superfast charging network with over 20,000 charging terminals covering 420 cities in China. Combining the advantages of both parties in high-power liquid-cooled superfast charging and the high complementarity in domestic network coverage, customers from both parties will enjoy superior fast-charging experiences nationwide.
Reports Indicate MediaTek Delays Introduction of 2nm, Dimensity 9500 Chip to Use TSMC N3P Process
MediaTek has gradually shifted its focus to developing the next-generation Dimensity 9500 chip, which is expected to debut by the end of this year to early next year. Initially, MediaTek planned to manufacture the chip using TSMC's 2nm process, but due to the high cost of the process and Apple's capacity occupation for the M5 series chips with the same process, MediaTek opted for the N3P process for the Dimensity 9500 for cost and capacity considerations.
