Chinese Concept Stocks | XPeng G7 Launch Boosts Stock Amidst Mixed Performance in Chinese Tech Stocks

On July 3rd, Eastern Time (Thursday), all three major U.S. stock indices closed higher, with the S&P 500 index rising 0.83% to 6279.35 points; the Dow Jones index up 0.77% to 44828.53 points; and the Nasdaq index climbing 1.02% to 20601.10 points.

On July 3rd, the Nasdaq Golden Dragon China Index rose by 0.40%.

Regarding popular Chinese concept stocks, XPeng Motors increased by 2.64%, NIO rose by 0.86%, TSMC went up by 0.54%, Bilibili gained 0.19%, Alibaba fell by 1.87%, JD.com dropped by 1.23%, Pinduoduo decreased by 0.37%, NetEase went down by 0.11%, and Baidu declined by 0.10%.

In terms of continuous rising Chinese concept stocks, Puhua Biotech rose by 1.96% over 14 consecutive days with a cumulative increase of 115.16%. Melco Resorts & Entertainment increased by 1.54% over 11 consecutive days, accumulating a 36.31% gain. Daqo New Energy surged by 7.17% over 9 days, with a total gain of 36.65%. BIT Mining rose by 2.68% over 8 days, with a 21.69% increase. Juhua Mall increased by 3.85% over 7 days, accumulating a 47.54% gain.

Regarding continuous declining Chinese concept stocks, Li Auto fell by 0.75% over 7 consecutive days with a cumulative decline of 9.06%. New Oriental decreased by 0.08% over 7 days, accumulating a 7.24% decline. Lipon Cookware dropped by 2.76% over 6 days, with a total decline of 16.07%. Huazhu fell by 0.24% over 5 days, accumulating a 3.06% decline. Nabtesco fell by 4.77% over 5 days, with a 26.94% decline. Luda Technology declined by 0.81% over 5 days, accumulating a 14.78% decline. Jiayu Da fell by 0.16% over 5 days, with a total decline of 8.11%. China Natural Resources decreased by 3.16% over 5 days, with a decline of 11.61%.

XPeng Motors: The world's first L3-level AI-powered car, XPeng G7, is launched, starting at 195,800 yuan.

At today's launch event for the XPeng G7, XPeng Motors Chairman and CEO He Xiaopeng gave a speech. He stated that in the first half of 2025, XPeng Motors delivered a total of 197,189 units, surpassing the total deliveries for the entire year of 2024 within six months. The second quarter set a new single-quarter record, and it remains the only emerging car company to deliver over 30,000 units consecutively for eight months. He also revealed that the XPeng Huitian flying car manufacturing base will be completed in the third quarter, and the land aircraft carrier will be mass-produced and delivered in 2026. The humanoid robot, IRON, has entered factory training, with plans for mass production in 2026.

He Xiaopeng challenges Tesla Model Y: XPeng G7 leads in space.

At today's launch event for the XPeng G7, XPeng Motors Chairman and CEO He Xiaopeng gave a speech. He stated that the 200,000-300,000 yuan mid-to-large market was quite lively in the first half of the year, and the class leader Model Y also issued a challenge, saying "bring it on." With the launch of the XPeng G7, He Xiaopeng declared, "We are here," aiming to redefine the standard for household mid-to-large SUVs with more space, comfort, technology, and safety. He mentioned that the XPeng G7 meets the dual needs of more young families, combining technological fun with the happiness of home as an AI-powered intelligent family SUV. He also compared the XPeng G7 with the Tesla Model Y in terms of various space parameters, claiming that, except for the front trunk, the XPeng G7 leads in space.

Tmall's Flash Sale 50 billion yuan subsidy sees a 100% increase in orders from 589 retail brands on the first day of launch.

On July 2, Tmall Flash Sale announced a 50 billion yuan subsidy for users and merchants. The latest data shows that on the first day of the subsidy, 589 retail brands saw a more than 100% increase in orders compared to May 2 (when Tmall Flash Sale was fully launched), with categories such as ready-to-eat food and alcoholic beverages doubling in order volume.

Alibaba: Plans to issue approximately HKD 12 billion zero-coupon exchangeable bonds.

Alibaba announced that the company plans to issue zero-coupon exchangeable bonds with a total principal amount of approximately HKD 12 billion, maturing in 2032. After issuance, the bonds will constitute unsecured and unsubordinated debt of Alibaba Group. The bonds will not generate regular interest. The bonds will mature on July 9, 2032, unless redeemed, repurchased, or exchanged earlier in accordance with the terms of the bonds. The net proceeds will be used for general corporate purposes, including investments to support the development of cloud infrastructure and international commercial business.

Li Daokui: Tmall's Flash Sale 50 billion yuan subsidy could drive a trillion-yuan increase in service consumption, breaking merchant "involution" competition.

On July 2, Tmall Flash Sale announced the launch of a 50 billion yuan subsidy plan, providing direct subsidies to consumers and merchants over 12 months. In response, renowned economist and dean of the Institute of Chinese Economic Thought and Practice at Tsinghua University, and former member of the Monetary Policy Committee of the People's Bank of China, Li Daokui, expressed on Weibo that Tmall Flash Sale's subsidy is expected to drive a trillion-yuan increase in service consumption. The platform's funding model can also break merchants' "involution" competition.

Focus Media: The "tap and go" project in cooperation with Alipay is currently in the pilot phase.

Focus Media stated on the interactive platform that the "tap and go" project in cooperation with Alipay is an innovative technical collaboration attempt aimed at exploring applications for location-based near-field interaction scenarios and empowering consumption scenarios. The project is currently in the pilot phase, and the company will advance equipment coverage based on project progress and market demand.

JD.com releases its first self-developed unmanned light truck product—JD Logistics VAN.

According to JD.com, JD Logistics has released its first self-developed unmanned light truck product—JD Logistics VAN. The vehicle has a maximum range of 400 kilometers when fully loaded and is equipped with Level 4 autonomous driving capabilities for public roads. It can autonomously plan optimal routes, accurately identify and flexibly avoid obstacles, and handle complex traffic environments with mixed human and vehicle interactions.

NIO announces NIO Day 2025 will be held in the fall.

NIO announced on its official Weibo account that this year's NIO Day will be held in the fall. The company considered factors such as climate, venue, and the rhythm of promotion and delivery. The specific date will be announced later.

JD Property and Abu Dhabi Airport Free Zone sign cooperation agreement to build a smart logistics hub in the Middle East.

On July 3, JD Property and Abu Dhabi Airport Free Zone signed a cooperation agreement to jointly develop and operate high-standard logistics infrastructure in the Abu Dhabi Airport Free Zone. This is JD Property's first self-built project in the Middle East, with the smart logistics hub covering approximately 70,000 square meters and expected to be operational by 2028. Once completed, it will meet the local demand for cross-border e-commerce.

Blockbuster films with affordable ticket prices set to heat up the July summer movie season.

With the summer holidays starting for schools nationwide in 2025, cinemas have long been prepared for the summer movie season. Compared to previous years, the opening of this year's summer season appears more "calm." According to Lighthouse Platform data, the cumulative box office for the first month of this summer season (June) is approximately 1.9 billion yuan, slightly lower than 2024 and significantly lower than 2023. In June, there were 48.7 million moviegoers, down by about 6.7 million from the same period last year. However, as July begins, changes are quietly taking place: overall ticket prices are decreasing, key films are gradually being released, and cinema activities are becoming more abundant. The industry expects the July summer movie market to heat up rapidly.