Chinese Concept Stocks | Uxin Partners with CATL Subsidiary for Battery Swap Project

On December 2nd (Monday), Eastern Time, the three major U.S. stock indices showed mixed performances. The S&P 500 Index rose by 0.24% to 6047.15 points; the Dow Jones Index fell by 0.29% to 44782.00 points; and the Nasdaq Index increased by 0.97% to 19403.95 points.

On November 29th, the Nasdaq Golden Dragon China Index rose by 0.60%.

Regarding popular Chinese concept stocks, XPeng Motors increased by 5.31%, TSMC by 5.30%, Bilibili by 3.91%, Pinduoduo by 2.51%, Baidu by 1.73%, NetEase by 1.59%, JD.com by 0.24%, NIO fell by 1.79%, and Alibaba decreased by 1.61%.

In terms of consecutive rising Chinese concept stocks, Yatsen Holding rose by 1.79% for 9 consecutive days, with a cumulative increase of 31.36%. Boqii Holding increased by 20.75% for 7 days, with a cumulative increase of 56.73%. LexinFintech rose by 2.37% for 6 days, with a cumulative increase of 57.27%. Xunlei increased by 8.35% for 6 days, with a cumulative increase of 15.05%. Baidu rose by 1.73% for 5 days, with a cumulative increase of 7.71%. Full Truck Alliance increased by 0.60% for 5 days, with a cumulative increase of 7.47%. MINISO increased by 14.04% for 5 days, with a cumulative increase of 36.81%. JOYY rose by 9.03% for 5 days, with a cumulative increase of 24.92%. 17 Education & Technology increased by 1.21% for 5 days, with a cumulative increase of 9.87%. Happiness Biotech Group rose by 6.32% for 5 days, with a cumulative increase of 9.80%.

Regarding consecutive declining Chinese concept stocks, ACM Research fell by 8.90% for 6 consecutive days, with a cumulative decrease of 18.35%. Akso Health fell by 5.09% for 5 days, with a cumulative decrease of 15.92%. Yuhang Sunshine fell by 4.25% for 5 days, with a cumulative decrease of 23.74%. Kandi Technologies fell by 6.50% for 4 days, with a cumulative decrease of 11.54%. Highpower Technology fell by 0.78% for 4 days, with a cumulative decrease of 7.91%. Color Star Technology fell by 7.81% for 4 days, with a cumulative decrease of 42.44%.

Uxin Group Signs Strategic Cooperation Agreement with CATL Subsidiary on Battery Swap Project
On December 2nd, Uxin Group announced that it has signed a strategic cooperation agreement with CATL's wholly-owned subsidiary, Times Electric Service, on a battery swap project. Both parties will jointly launch a used car trading system based on "separation of vehicle and battery", including the development of an online used car trading platform and battery mall, battery swap version used car inspection, certification, and rating services.

NetEase Cloud Music Crashes Again, Responds with Configuration Error in Development Page
On December 2nd, following a technical issue due to business expansion on August 19th, "NetEase Cloud Crashed" again became a hot search topic. Many users reported loading failures on NetEase Cloud Music. That evening, NetEase Cloud Music issued an apology on its official platform, stating that due to a configuration error in the development page, a small number of Android version users experienced homepage errors for about 20 minutes. The issue has since been resolved, and users can normally use NetEase Cloud Music again. NetEase Cloud Music will offer affected users a 7-day VIP membership as compensation.

Renren Network Stops Service, Customer Service: No Known Time for Resumption
Many users reported that Renren Network is no longer accessible, with login attempts showing account password errors. Renren's official customer service stated that services have been stopped, and there is no known time for resumption. Renren, originally known as Xiaonei Network, was founded in 2005 and gained popularity with the "Happy Farm" game.

Korean E-commerce Platform ABLY: Parent Company Receives 100 Billion Won Investment from Alibaba
On December 2nd, Korean e-commerce platform ABLY announced that its parent company, ABLY Corporation, received a 100 billion won (approximately 510 million RMB) investment from Alibaba. The statement said that through this investment, Alibaba will acquire a 5% stake in ABLY Corporation. After the investment, ABLY's enterprise value will increase to 3 trillion won, entering the "unicorn" company list. ABLY plans to use this investment as a starting point to attract another 100 billion won from Silicon Valley and overseas sovereign wealth funds.

Peanut Trading under Pressure, Slight Weakness
In the past two days, the overall trading of commodity rice in production areas has been stagnant, with downstream mostly observing. Some oil refineries with more arrivals have weaker prices. As of December 2nd, the main purchase price of Baisha bulk rice in Nanyang peanut market is 4.15-4.35 RMB per jin, slightly weaker by 0.05-0.10 RMB per jin than the previous trading day. The main shipping price of 8-screen refined rice is 4.55-4.60 RMB per jin, with some oil refineries' prices declining, affecting sentiment. In the short term, it is expected that the production area prices may run steadily with slight weakness, with the market watching for the stocking nodes for the double festival.

XPeng Motors: Former Employee Accepted Paid Interview and Fabricated Information, Legal Action to be Taken
XPeng Motors' legal department stated on its official Weibo that recently, a former employee who still identified as an XPeng employee accepted paid interviews from some securities firms and fabricated a large amount of false and erroneous information. The company solemnly declares that all public information from XPeng Motors is released through official channels, and any unauthorized interviews and information releases do not represent the company's position. The company will take legal action to protect the legitimate rights and interests of the company and investors. Securities firms are reminded to verify the identity of the interviewee and whether they are authorized to disclose information before conducting interviews to avoid being misled by false information or being held legally responsible for infringing on the company's trade secrets.

Yoke Silicon: Overseas Acquisition Target DGT Supplies Companies like TSMC and Micron, Due Diligence Underway
Yoke Silicon's General Manager Zhang Guohu stated at today's performance meeting that the company has signed a "Letter of Intent for Equity Acquisition" with RS Technologies Corporation and is actively conducting audit evaluation and due diligence work. The specific transaction plan is still under demonstration. The acquisition target, DGT, has a wide range of customer channels in Japan and is a supplier to companies such as Tokyo Electron, TSMC, and Micron. The acquisition can effectively reduce the cost and risk of terminal customer certification and accelerate the certification process. This acquisition aligns with the company's development strategy and is conducive to the company's accelerated overseas market expansion and integration and upgrading of the industrial chain from silicon materials to silicon components.