Chinese Concept Stocks | Xpeng and Bilibili Lead Gains Amid Nasdaq Golden Dragon Index Decline

On February 6th (Thursday), Eastern Standard Time, the three major U.S. stock indexes showed mixed results, with the S&P 500 Index rising by 0.36% to 6083.57 points, the Dow Jones Index falling by 0.28% to 44747.63 points, and the Nasdaq Index rising by 0.51% to 19791.99 points.

On February 5th, the Nasdaq Golden Dragon China Index dropped by 2.26%.

Regarding popular Chinese concept stocks, XPeng Motors rose by 3.26%, Bilibili by 3.14%, Pinduoduo by 2.34%, NetEase by 1.91%, Alibaba by 1.08%, TSMC by 0.93%, JD.com by 0.50%, Baidu by 0.20%, and NIO by 0.12%.

For continuous rising Chinese concept stocks, Distoken increased by 0.78% over 7 days with a cumulative rise of 5.03%, Best Inc. by 0.55% over 6 days with a cumulative rise of 1.10%, Antelope Enterprise Holdings by 2.55% over 5 days with a cumulative rise of 11.12%, Kingsoft Cloud by 11.47% over 4 days with a cumulative rise of 38.42%, Weibo by 5.09% over 4 days with a cumulative rise of 9.37%, Joyy Inc. by 0.42% over 4 days with a cumulative rise of 4.84%, 21Vianet Group by 5.05% over 4 days with a cumulative rise of 28.26%, Silvercorp Metals by 0.91% over 4 days with a cumulative rise of 5.73%, Jiayin Group by 20.15% over 4 days with a cumulative rise of 28.57%, Douyu by 4.28% over 4 days with a cumulative rise of 5.68%, TH International by 1.25% over 4 days with a cumulative rise of 5.18%, SENSETIME by 0.50% over 4 days with a cumulative rise of 5.73%, NINGBO SUNNY by 1.16% over 4 days with a cumulative rise of 17.65%, and Lixiang Education by 3.23% over 4 days with a cumulative rise of 64.82%.

For continuous falling Chinese concept stocks, Kuke Music fell by 3.60% over 8 days with a cumulative fall of 15.83%, Hao Xi Health by 7.14% over 7 days with a cumulative fall of 47.30%, Emeren Group by 2.78% over 5 days with a cumulative fall of 8.38%, Bit Origin by 1.96% over 5 days with a cumulative fall of 17.95%, Studio City by 5.08% over 4 days with a cumulative fall of 18.78%, Star Plus Legend Holdings by 0.40% over 4 days with a cumulative fall of 25.30%, Zhong Bei Energy by 3.08% over 4 days with a cumulative fall of 6.79%, Three Gorges Smart by 1.58% over 4 days with a cumulative fall of 6.65%, XChange by 1.70% over 4 days with a cumulative fall of 13.89%, and Tongcheng Tongmei by 4.38% over 4 days with a cumulative fall of 38.34%.

The team of Li Feifei reportedly recreated DeepSeek's R1 for $50 using the Qwen2.5-32B-Instruct model from Alibaba Cloud
It was reported today that researchers including Li Feifei from Stanford University and the University of Washington trained an AI inference model called s1 for under $50 in cloud computing costs. This model performed similarly to cutting-edge inference models like OpenAI's o1 and DeepSeek's R1 in tests on math and coding abilities, garnering widespread attention. However, it soon emerged that the s1 model was not trained from scratch; its base model was the Alibaba Qwen model. Alibaba Cloud confirmed that they used the Qwen2.5-32B-Instruct open-source model as a base, fine-tuning it on 16 H100 GPUs for 26 minutes to create the new s1-32B model, achieving math and coding abilities on par with leading models like OpenAI's o1 and DeepSeek's R1, even outperforming o1-preview by 27% on competition math problems.

Trip.com Group and Sanya discuss future cooperation directions
According to Trip.com Group, on February 6th, Sun Bo, Executive Vice President and Chief Marketing Officer of Trip.com Group, led a team to visit Sanya and met with Wang Qiyang, Secretary of the Sanya Municipal Party Committee. The two sides conducted in-depth discussions on deepening cooperation and jointly building a world-class tourism resort destination.

The truth about Li Feifei's team's "50-dollar" recreation of DeepSeek's R1: based on Qwen model fine-tuning on Alibaba Cloud
It was reported today that researchers including Li Feifei from Stanford University and the University of Washington successfully trained an AI inference model called s1 for under $50 in cloud computing costs. This model reportedly performed on par with cutting-edge inference models like OpenAI's O1 and DeepSeek's R1 in math and coding ability tests. A journalist investigation found that the s1 model was not trained from scratch; its base model was Alibaba's Qwen model. The s1 model was trained with $50 by extracting 1,000 samples from the Google model and then fine-tuning the Qwen model.

Autohome to announce Q4 2024 and full-year earnings on February 20, 2025
Autohome announced that its board of directors will meet on February 20, 2025, to review the unaudited financial results for the three months and full year ending December 31, 2024. The results will be announced on the company's website and the Hong Kong Stock Exchange website after the Hong Kong Stock Exchange trading session and before the U.S. stock market opens on the same day. The company will also hold an earnings conference call at 8 PM (Hong Kong time) that evening.

Youdao announces full embrace of DeepSeek-R1
According to NetEase Youdao's official Weibo, on February 6th, Youdao officially announced a full embrace of DeepSeek-R1. Additionally, products such as Hi Echo, Youdao Zhiyun, and QAnything will fully integrate DeepSeek's inference capabilities and will upgrade in the coming days. New intelligent hardware products and the "Youdao Little P" 2.0 version, which integrate the new inference large model capabilities, will also be launched soon.

Former Cainiao CFO Liu Zheng joins Ant Group as new CFO
It is reported that Ant Group's incoming CEO and President Han Xinyi announced via internal email on February 5th that former Cainiao Group CFO Liu Zheng has joined Ant Group and will serve as the CFO effective immediately, fully responsible for the group's financial management, reporting to Han Xinyi. Han Xinyi has been serving as Ant Group CFO since April 2020, and after being promoted to President of Ant Group in March 2024, he will continue to serve as the company's CFO. Ant Group announced on December 8th last year that effective March 1st this year, Ant Group President Han Xinyi will assume the role of Ant Group CEO, while Eric Jing will focus on the chairman role.

World-class AI scientist Xu Zhuhong joins Alibaba
According to insider information, top global AI scientist Xu Zhuhong (Steven Hoi) has officially joined Alibaba as Vice President of Alibaba Group, responsible for AIToC business's multimodal foundational models and Agents-related foundational research and application solutions. According to insiders, Xu Zhuhong will focus on AIToC business's multimodal foundational models and Agents-related foundational research and application solutions, greatly enhancing Alibaba's AI application C-end products' model-combined application end-to-end closed-loop capabilities. Meanwhile, Alibaba AIToC business is forming a top-tier AI algorithm research and engineering team, attracting numerous outstanding talents in the industry to join.

Apple M5 enters mass production, first to feature TSMC's latest 3nm process technology
According to reports, Apple has started mass production of the M5 series chips, which will debut in the second half of this year, expected to be first equipped in the iPad Pro. The Apple M5 series chips will be the first to use TSMC's latest 3nm process technology N3P, which offers a 5% performance boost and a 5%-10% power reduction compared to previous processes. The Apple M5 series chips use TSMC's SoIC-MH packaging technology, which is TSMC's latest packaging solution. The Apple M5 series will include multiple members such as M5, M5 Pro, M5 Max, and M5 Ultra, with the standard version set to debut first in the iPad Pro.

Borland: Related products have integrated with general large models such as DeepSeek and Wenxin Yiyan and have had successful cases
Borland stated on the interactive platform that with the industry entering the era of large models, the company's related products have integrated with general large models such as DeepSeek, QWen, ChatGLM, and Wenxin Yiyan and have had successful cases. These products assist industry users in creating AI Agent applications for vertical fields and have also adapted to the underlying computing power based on Ascend series NPU cards, fully utilizing Ascend NPU computing power for training and providing inference services.