Chinese Concept Stocks | Xpeng Secures $100 Billion Credit Line from CITIC Bank

On August 18 (Monday) Eastern Standard Time, the three major U.S. stock indices showed fluctuating trends. The S&P 500 Index fell by 0.01% to 6,449.15 points; the Dow Jones Index dropped by 0.08% to 44,911.82 points; and the Nasdaq Index rose by 0.03% to 21,629.77 points.

On August 18, the Nasdaq Golden Dragon China Index increased by 0.12%.

Regarding popular Chinese stocks, Bilibili rose by 2.01%, NIO by 1.14%, TSMC by 1.04%, XPeng Motors by 1.02%, NetEase by 0.84%, Baidu by 0.31%, JD.com by 0.22%, Alibaba by 0.12%, and Pinduoduo decreased by 0.51%.

Concerning continuously rising Chinese stocks, Ascentage Pharma rose by 5.53%, Hesai by 4.03%, Weibo by 3.38%, Haidilao by 1.38%, Mercurity Fintech by 4.88%, Deswell Industries by 2.65%, Wimi Holdings by 23.08%, and Wangdao Technology by 2.04% over five consecutive days, with cumulative increases of 18.59%, 19.43%, 22.71%, 2.95%, 26.33%, 19.53%, 18.12%, and 11.09% respectively during this period.

For continuously declining Chinese stocks, Next Technology fell by 1.75%, Color Star Technology by 10.30%, Oriental Culture by 0.11%, Jiayou International Holdings by 0.81%, Sharecare by 1.84%, and Sound Group by 4.95% over several consecutive days, with cumulative decreases of 42.56%, 87.19%, 20.89%, 35.45%, 9.90%, and 16.04% respectively during this period.

XPeng Motors and China CITIC Bank have reached a strategic cooperation agreement, granting XPeng a credit line of 10 billion RMB. Recently, XPeng Motors and China CITIC Bank held a strategic cooperation signing ceremony in Guangzhou. The Vice Chairman and Co-President of XPeng Motors, Gu Hongdi, and the President of China CITIC Bank Guangzhou Branch, Xue Fengqing, attended the ceremony and signed the strategic cooperation agreement on behalf of both parties. According to the agreement, China CITIC Bank Guangzhou Branch will grant XPeng Motors a total credit line of 10 billion RMB to fully support XPeng Motors' business operations and development. This credit line is significant for the cash utilization efficiency and settlement cost management optimization of XPeng Motors, marking a deepening of cooperation between the two parties and China CITIC Bank's high recognition of XPeng Motors' enterprise strength and development prospects.

Douyu: Q2 revenue reached 1.054 billion RMB, a year-on-year increase of 2.1%. Douyu released its Q2 2025 financial report, indicating that the total revenue for the quarter was 1.054 billion RMB, a year-on-year increase of 2.1%. The adjusted net profit was 25.28 million RMB compared to an adjusted net loss (non-GAAP) of 45.50 million RMB in the same period last year.

NIO to enter Singapore, Uzbekistan, and Costa Rica markets successively in the next two years. On August 18, NIO announced plans to enter the markets of Singapore, Uzbekistan, and Costa Rica between 2025 and 2026. In the Singapore market, NIO will collaborate with Wearnes Automotive, and plans to launch the Firefly right-hand drive model in 2026, which will be NIO's first right-hand drive model. In Costa Rica, NIO will cooperate with the largest local electric vehicle dealer, Horizontes Cielo Azul Movilidad, and plans to first launch NIO EL8 (ES8 in China), EL6 (ES6 in China), ET5 Touring (ET5T in China), and Firefly models, marking NIO's first entry into the Americas market. In Uzbekistan, NIO will cooperate with Abu Sahiy Motors and plans to first launch NIO EL8 (ES8 in China), EL6 (ES6 in China), ET5, ET5 Touring (ET5T in China), and Firefly models, marking NIO's first entry into the Central Asian automotive market.

Baidu Wenku Netdisk launches the universal intelligent entity GenFlow2.0. On August 18, at the Baidu AI Day Open Day, Baidu Wenku, in collaboration with Baidu Netdisk, announced the release of the world's first universal intelligent entity GenFlow2.0. The product supports more than 100 expert intelligent entities working simultaneously, completing more than five complex tasks in parallel within three minutes, with a generation speed ten times faster than mainstream products of the same type. It is the first to achieve minute-level delivery, with an intervenable process and traceable memory. GenFlow2.0 is now available on Baidu Wenku’s Web and APP platforms, without the need for waiting or an invitation code, accessible directly to all users.

Ant Group declares a war against fake medical advertisements. On the afternoon of August 18, Ant Group officially announced a campaign against fake medical advertisements. Ant Group's AI Health Manager, AQ, has officially launched a series of AI initiatives against counterfeiting. The official statement mentioned four major initiatives: AI identification of fake advertisements, where users can quickly call multiple AI anti-counterfeiting functions by entering "anti-counterfeiting" in the AQ App, including AI photo anti-counterfeiting, AI phone verification, and 24-hour rolling debunking; avoiding fake science popularization, with the launch of an anti-counterfeiting and debunking zone to crack health rumors.

IDC Report: Alibaba Cloud remains the leader in China's AI public cloud service market. On August 18, international research institution IDC released the "China AI Public Cloud Service Market Share, 2024" report, showing Alibaba Cloud with a 24.6% market share, maintaining its position as the national leader for two consecutive years. It has also led in key AI cognitive indicators—conversational AI and intelligent voice segments—for many years. The IDC report indicates that China's AI public cloud service market achieved a rapid growth of 55.3% in 2024, reaching a scale of 19.59 billion RMB.

Dong Yuhui initiates a new rights protection case, with a defamation case set to go to trial. Tianyancha Tianyan Risk Information shows that recently, Dong Yuhui initiated a new defamation case, with the defendant being Wen Mou. The case is set to be heard on September 16 at the Nanjing Yuhuatai District People's Court. Reports indicate that in April this year, With Hui Together had issued a statement, stating that they had received multiple feedback reports pointing out that certain internet users and self-media accounts were engaged in long-term malicious slander and defamation against With Hui Together Company and its anchor, which constituted illegal behavior. Legal measures have been taken to protect rights, and significant progress has been made. Among them, internet user Ma Mou expressed remorse in court and submitted a written apology letter.

Great Wall Qingtian servers pass Alibaba Cloud's private cloud certification. Recently, the Great Wall Qingtian RF6260 V5 server successfully completed the Alibaba Cloud private cloud adaptation certification, officially joining the Alibaba Cloud private cloud hardware compatibility certification zone, becoming an important choice for domestic servers in the cloud computing field.

MINISO establishes a new international supply chain management company. The Qichacha APP shows that recently, MINISO (Guangzhou) International Supply Chain Management Co., Ltd. was established, with Zhou Shu as its legal representative and a registered capital of 60 million RMB. The business scope includes software sales, enterprise management, international cargo transportation agency, and domestic cargo transportation agency. Qichacha equity penetration shows that the company is wholly owned by MINISO (Guangzhou) Co., Ltd.

JD.com: Qixian Gourmet MALL to expand nationwide, in talks with over 10 cities. On August 18, it was reported that JD.com's first catering entity infrastructure brand—Qixian Gourmet MALL—since its opening on June 18 in Harbin, has seen offline customer flow increase by over three times, with a shopping rate close to 100%, effectively helping over 30 catering brands achieve healthy growth. Qixian Gourmet MALL plans to expand its business nationwide and is in talks with over 10 cities, including Beijing, Xi'an, Changchun, and Hohhot, to implement a "one city, multiple stores" plan. Additionally, from the second phase of the project, Qixian Xiaochu will be stationed in Qixian Gourmet MALL, with a combination expansion to promote JD.com's quality takeaway.

ZTO Express deploys unmanned vehicles in Shenzhen. On the morning of August 15, at the sorting site of ZTO Express's Shuanglong branch in Shenzhen, a blue-and-white unmanned courier vehicle completed scanning and loading before slowly setting off along a preset route to begin the day's delivery tasks. This marks the first deployment of ZTO Express's end-point intelligent delivery equipment in Longgang District, Shenzhen, signifying that the Shuanglong branch of ZTO Express has officially entered a new stage of "human-machine collaboration" for delivery. According to Huang Huabo, the business manager of ZTO Express's Shuanglong branch in Shenzhen, the unmanned vehicle used this time is equipped with multi-sensor devices such as LiDAR and high-definition cameras, capable of autonomous obstacle avoidance, traffic light recognition, and automatic parking, adaptable to scenarios such as residential areas and industrial parks.