Chinese Concept Stocks | Zhejiang Government Signs Strategic Agreement with Alibaba and Ant Group

On March 25th (Tuesday) Eastern Time, the major indices of U.S. stocks collectively rose, with the S&P 500 index up 0.16%, closing at 5776.65 points; the Dow Jones index up 0.01%, closing at 42587.50 points; and the Nasdaq index up 0.46%, closing at 18271.86 points.

On March 25th, the Nasdaq China Golden Dragon Index fell by 1.22%.

Among popular Chinese stocks, NIO rose by 0.11%, Bilibili fell by 2.82%, JD.com fell by 2.58%, Pinduoduo fell by 2.24%, XPeng fell by 1.82%, Alibaba fell by 1.28%, Baidu fell by 0.51%, NetEase fell by 0.19%, and TSMC fell by 0.11%.

Chinese stocks with consecutive gains include Eureka Acquisition with a latest increase of 0.29% over 18 consecutive days, and a total increase of 0.62% during this period. Zhongchi Chery rose by 3.88% over 17 consecutive days, marking a total increase of 37.82%. Ata Creativity increased by 2.02% over 6 consecutive days, with a total increase of 18.82%. Dajian Cloud Warehouse rose by 1.40% over 5 consecutive days, with a total increase of 10.41%. Jinsheng Amusement surged by 94.39% over 5 consecutive days, marking a total increase of 240.18%. The9 Limited rose by 1.42% over 5 consecutive days, with a total increase of 11.28%. Youku Link rose by 3.91% over 5 consecutive days, with a total increase of 7.26%. Stark increased by 1.37% over 5 consecutive days, with a total increase of 13.67%.

Chinese stocks with consecutive declines include Zhongbei Energy, which fell by 7.21% over 7 consecutive days, marking a total decline of 20.37%. Autohome fell by 1.80% over 6 consecutive days, with a total decline of 10.23%. Gaotu fell by 2.48% over 6 consecutive days, marking a total decline of 21.05%. Wanwu Xingsheng dropped by 1.63% over 6 consecutive days, marking a total decline of 13.51%. Li Auto fell by 0.53% over 5 consecutive days, marking a total decline of 5.72%. Yum China fell by 1.08% over 5 consecutive days, marking a total decline of 4.54%. 51talk fell by 0.48% over 5 consecutive days, marking a total decline of 16.90%. Huize fell by 8.64% over 5 consecutive days, marking a total decline of 15.90%. Libang Kitchenware fell by 1.53% over 5 consecutive days, marking a total decline of 21.82%. Yuexiang Holdings fell by 6.63% over 5 consecutive days, marking a total decline of 16.22%. Blue Hat fell by 10.92% over 5 consecutive days, marking a total decline of 40.18%.

Zhejiang Provincial Government signs strategic cooperation agreement with Alibaba Group and Ant Group
On the afternoon of the 25th, Zhejiang Provincial Government signed a strategic cooperation agreement with Alibaba Group and Ant Group. Governor Liu Jie witnessed the signing with Alibaba Group's Chairman of the Board, Tsai Chongxin, and Ant Group's Chairman, Jing Xiandong. According to the agreement, the provincial government will collaborate closely with Alibaba and Ant Group to integrate resources and promote healthy development of the platform economy, focusing on high-quality development, narrowing the "three gaps," using reform and innovation as the fundamental driving force, and meeting people's needs for a better life. The cooperation will extend to fields such as artificial intelligence to better serve the modernization practices in the province and implement national strategic initiatives. Vice Governor Lu Shan represented the provincial government in signing agreements with Alibaba Group CEO Wu Yongming and Ant Group CEO Han Xinyi.

He Xiaopeng: Next week, XPeng MONA deliveries will reach 100,000 units
He Xiaopeng posted on Weibo stating: Next week, XPeng MONA deliveries will surpass 100,000 units, thanks to 100,000 MONA owners with interesting souls. Most MONA owners are under 30 years old, with over 20% born after 2000 and over 40% being female; many users compared MONA with Tesla Model 3 before purchasing, and over 20% of upgrade purchases came from BBA users, with over 80% from traditional fuel vehicle brands.

XPeng launches its first technology experience store in Hong Kong, with the right-hand drive XPeng X9 priced at 599,900 HKD
XPeng Motors opened its first Asian technology brand experience store in the heart of Hong Kong Island, simultaneously launching the right-hand drive XPeng X9 priced at 599,900 HKD. At the event, XPeng Motors also announced the launch of its first ultra-fast charging station outside mainland China in Hong Kong.

XPeng Motors plans five range-extended models, including sedans and SUVs
According to reports, XPeng Motors is planning at least five range-extended models, including sedans and SUVs. "Both P7 and G6 will have range-extended versions." The first range-extended model will be based on the X9, with mass production scheduled for the second half of this year, and platforms like E, F, and H will have range-extended models in the coming years. Most of XPeng's future new cars will adopt both range-extended and pure electric dual power modes. Insiders revealed that during an internal strategy discussion at the end of 2022, XPeng considered two directions: low price and alternative power modes. Eventually, XPeng chose the low-price direction, which led to the current MONA.

Reports claim Apple secures TSMC's first batch of 2nm production capacity
Reports indicate that Apple's secured the first batch of production capacity from TSMC's 2nm mass production scheduled for the second half of the year, which will be used to manufacture the A20 processors. Apple remains TSMC's largest customer this year.

Internal source claims Baidu Vice President Xie Guangjun may have voluntarily resigned
An internal source from Baidu revealed that Xie Guangjun might have voluntarily resigned. As of the time of writing, Baidu has not responded to this news.

AliCloud initiates its largest AI talent campus recruitment in recent years
AliCloud has launched its largest AI talent recruitment initiative in recent years at top global universities. The recruitment targets technical talents in fields such as large language models, multimodal understanding and generation, model applications, and AI Infra, focusing on universities like Tsinghua University, Peking University, Zhejiang University, MIT, and Stanford University. The initiative includes the A Star Project and Al Clouder Project, providing better salaries and professional support for top talents with high-level papers and impactful open-source projects.

Trip.com Group's Sun Bo meets with UNWTO Secretary-General Zurab
On March 24th, UNWTO Secretary-General Zurab, Executive Director Liu Shijun, and Ambassador Zhu Shanzhong visited Trip.com Group's headquarters, meeting with Executive Vice President and Chief Marketing Officer Sun Bo, and Senior Vice President Wang Wei. The discussions aimed to explore deep cooperation in the global tourism sector and seek new paths for sustainable development in tourism. The parties reached several cooperation intentions, with Zurab expressing UNWTO's plan to establish an office in Shanghai to strengthen cooperation with China's tourism industry.

Response to rumors of Baidu's Xie Guangjun's resignation
Rumors circulated online today that Baidu Vice President Xie Guangjun has resigned. A Baidu insider stated that his information can still be found in the system, but the situation remains unclear. As of the time of writing, Baidu has not officially responded.

Southern Wanguo Data Center REIT officially filed with the Shanghai Stock Exchange
According to the Shanghai Stock Exchange disclosures, the Southern Wanguo Data Center Closed Infrastructure Securities Investment Fund project status has been updated to "filed". The original rights holder is Wanguo Data Holdings Ltd., the manager is Southern Fund Management Co., Ltd., and the special plan manager is Southern Capital Management Co., Ltd.

Temu reaches strategic cooperation with cross-border payment platform dLocal
Cross-border payment platform dLocal announced a strategic cooperation with global e-commerce platform Temu. The cooperation focuses on emerging markets such as Mexico, Colombia, Uruguay, among others, providing localized payment solutions for seamless shopping experiences. dLocal will also tailor payment solutions for markets in Africa, Asia, and Latin America based on local consumer habits and payment preferences.

XPeng Motors responds to rumors about Magna Steyr's Austrian factory contract: No relevant information
In response to rumors about Magna Steyr's Austrian factory potentially contracting with XPeng, XPeng Motors stated they have no relevant information. Recent market news suggested Magna Steyr might sign a contract with XPeng, assembling electric vehicles in Austria using SKD (semi-knocked down) methods to avoid EU tariffs.

XPeng Motors publishes a new patent for bipedal robots
Intellectual property information from Tianyancha shows that on March 25th, Guangzhou XPeng Motors Technology Co., Ltd. applied for a patent titled "Control Method for Bipedal Robots and Electronic Equipment". The abstract indicates the method involves responding to received control instructions for the bipedal robot, collecting its current posture, determining the swinging leg's movement trajectory, and controlling the robot's operation based on these trajectories, addressing the technical issue of achieving single-foot stance in bipedal robots.

Inspur Cloud, Baidu Cloud, Utree, and Rokid release intelligent body products
Inspur Cloud plans to upgrade 500 existing distributed cloud nodes within six months and deploy over 1000 distributed intelligent cloud nodes this year. Additionally, Inspur Cloud, in collaboration with Baidu Intelligent Cloud, Utree, Cloud Depth, Yilian, and Rokid, released intelligent body products such as Hai Ruo All-in-One machine, AI security inspection, water inspection, emergency management, and intelligent meeting terminals. They also signed strategic cooperation agreements with 12 ecological partners.

Baidu publishes patent for image generation model
Tianyancha financial information reveals that Beijing Baidu Netcom Science and Technology Co., Ltd. recently applied for a patent titled "Construction Method for Image Generation Model, Image Generation Method, and Device". The patent relates to image processing and artificial intelligence, aiming to train a UNet network using sample images and sample prompts, and constructing an image generation model based on this network.

Alibaba's Tsai Chongxin: Signs of bubble emerging in AI data center construction
Alibaba Chairman Tsai Chongxin expressed concerns about a potential bubble in AI data center construction, noting many investment announcements in the U.S. are "repetitive" or overlapping. He also mentioned that Alibaba’s employee count has bottomed out and plans to "restart and rehire", providing reasonable returns to shareholders through dividends.