Chinese Concept Stocks | Xpeng Leads Gains Amid Nasdaq Golden Dragon Index Dip

On August 11 (Monday) Eastern Time, all three major U.S. stock indexes closed lower. The S&P 500 Index fell by 0.25% to 6373.45 points; the Dow Jones Index dropped by 0.45% to 43975.09 points; and the Nasdaq Index decreased by 0.30% to 21385.40 points.

On August 11, the Nasdaq China Golden Dragon Index fell by 0.29%.

Regarding popular Chinese stocks, XPeng Motors rose by 5.97%, Bilibili increased by 1.74%, NIO gained 1.34%, NetEase grew by 0.20%, TSMC rose by 0.09%, while Baidu fell by 1.57%, Alibaba decreased by 1.41%, Pinduoduo dropped by 1.07%, and JD.com declined by 0.98%.

For continuously rising Chinese stocks, Gaotu increased by 1.91% for 8 consecutive days with a total gain of 7.49% during this period. Waterdrop rose by 2.21% for 7 consecutive days with a total increase of 14.91%. Ucloudlink surged by 3.34% over 7 days with a total rise of 45.49%. Tencent Music went up by 2.58% for 6 days with a total gain of 10.52%. BOSS Zhipin rose slightly by 0.09% for 6 days with a total increase of 13.08%. Wanwu Xinsheng jumped by 8.33% for 6 days, accumulating a total increase of 25.00%. Sunlands Online Education increased by 3.42% for 6 days with a total rise of 32.01%. Enlightify grew by 0.81% for 6 days with a total gain of 11.00%. ChinaNet Online Holdings rose by 1.15% for 6 days, achieving a total increase of 8.28%.

For continuously declining Chinese stocks, Moxian fell by 2.58% for 10 consecutive days with a total decline of 19.05%. Antelope Enterprise Holdings dropped by 3.27% for 6 days, accumulating a total loss of 40.52%. ACM Research decreased slightly by 0.08% over 5 days with a total decline of 22.19%. The9 Limited fell sharply by 10.37% for 5 days with a total loss of 13.60%. YishengXin dropped by 11.15% for 5 days, accumulating a total decline of 27.24%. Kuke Music fell by 11.33% over 5 days with a total loss of 24.37%. SOS Limited decreased by 5.73% for 5 days, achieving a total decline of 21.61%. Biostar Pharmaceuticals dropped slightly by 0.51% for 5 days with a total loss of 21.70%. Enjoy Holdings fell by 4.27% for 5 days, accumulating a total decline of 39.23%. Fuches Financial Technology Group dropped by 6.35% for 5 days with a total loss of 18.81%.

Turkish Governor Omel Tolaman stated that the Çanakkale Airport, which was temporarily closed due to forest fires, has resumed flight operations, and the Dardanelles Strait has resumed bidirectional navigation. Tolaman explained that the firefighting operation involved 10 planes, 9 helicopters, and ground deployment of 75 fire trucks, 35 fire engines, 10 bulldozers, 92 other vehicles, and 760 personnel. As a precaution, 2090 residents have been safely relocated by sea and land; 77 residents affected by smoke inhalation are receiving treatment, with no life-threatening conditions. On the morning of the incident, multiple forest fires suddenly broke out in Çanakkale Province, rapidly spreading under strong winds. To assist firefighting efforts, authorities temporarily closed parts of the Dardanelles Strait and suspended flights at Çanakkale Airport. The fire is still being actively fought.

On August 11, forest fires occurred in multiple locations in Çanakkale Province, Turkey, rapidly spreading under strong winds. Authorities have initiated joint air-ground firefighting operations and organized large-scale evacuations. Due to the fire situation, the Dardanelles Strait was temporarily closed to navigation from south to north, flights at Çanakkale Airport were suspended, and sections of the Çanakkale-Ezine road were closed.

On August 11, it was reported that the daily order volume of Taobao Flash Sale on August 8 and August 9 surpassed Meituan for the first time. A person close to Meituan stated that Taobao Flash Sale is aggressively advancing without any intention to stop, backed by strong e-commerce profits, enabling them to spend lavishly. "At such times, minor business details are not that important; sustaining fulfillment efficiency and user experience during peak periods is already sufficient." Multiple Meituan employees expressed patience with long-term competition but mixed with some dissatisfaction. A Taobao Flash Sale representative admitted that scale is crucial at this stage but mentioned that share growth is a natural process, with internal focus still on efficiency improvement. He stated, "The management's requirement is to maintain rhythm, proceed steadily, increase share, expand categories, and adjust structure."

According to the Qichacha app, recently, Beijing Pengdi Automobile Sales Service Co., Ltd. was established, with Han Jian as the legal representative and a registered capital of 5 million yuan. The business scope includes sales of new energy vehicles, automobile sales, and sales of new energy vehicle accessories. Qichacha's equity penetration shows that the company is wholly owned by Beijing XPeng Automobile Sales Service Co., Ltd.

On August 11, the topic "Pop Mart Thailand store accused of imitating Miniso" trended on social media. In response, reporters called Pop Mart and Miniso as consumers. Pop Mart's customer service stated that relevant departments are handling the situation and suggested following official channels for updates. Miniso's staff claimed that the issue has been registered for feedback, and if verified, relevant departments will follow up.

On August 11, Ant Group announced that it has noticed online claims that "Ant Group, together with the People's Bank of China and China Rare Earth Group, is jointly developing the world's first rare earth RMB stablecoin," which are intended to mislead investors into focusing on related sectors. Ant Group clarified that it has never had such plans with the mentioned institutions and advised the public to discern carefully to avoid being deceived.