Chinese Concept Stocks | Baidu Surges 9.01% as Chinese Tech Stocks Rally on Nasdaq

On March 17 (Monday), the three major U.S. stock indexes collectively closed higher, with the S&P 500 index rising 0.64% to 5675.12 points; the Dow Jones index rising 0.85% to 41841.63 points; and the Nasdaq index rising 0.31% to 17808.66 points.

On March 17, the Nasdaq China Golden Dragon Index increased by 4.03%.

In terms of popular Chinese concept stocks, Baidu rose 9.01%, Pinduoduo rose 5.19%, JD.com rose 4.75%, Alibaba rose 4.62%, Bilibili rose 3.92%, XPeng Motors rose 3.50%, NIO rose 2.55%, TSMC rose 1.19%, and NetEase fell 0.79%.

Global Lights has risen by 0.19% for 13 consecutive days, with a cumulative increase of 0.46%. Mingzhu Logistics has risen by 1.93% for 10 consecutive days, with a cumulative increase of 47.11%. Rising Dragon has risen by 0.39% for 8 consecutive days, with a cumulative increase of 0.89%. Bosideng has risen by 0.50% for 8 consecutive days, with a cumulative increase of 11.26%. BeiGene has risen by 2.27% for 5 consecutive days, with a cumulative increase of 9.24%. Full Truck Alliance has risen by 5.96% for 5 consecutive days, with a cumulative increase of 12.22%. BOSS Zhipin has risen by 3.65% for 5 consecutive days, with a cumulative increase of 17.58%. Zai Lab has risen by 0.39% for 5 consecutive days, with a cumulative increase of 10.55%. Daqo New Energy has risen by 2.83% for 5 consecutive days, with a cumulative increase of 7.69%. Silvercorp Metals has risen by 1.72% for 5 consecutive days, with a cumulative increase of 15.28%. Yirendai has risen by 7.63% for 5 consecutive days, with a cumulative increase of 21.35%. Xiaoying Technology has risen by 3.28% for 5 consecutive days, with a cumulative increase of 19.67%. Yatsen E-Commerce has risen by 12.02% for 5 consecutive days, with a cumulative increase of 47.12%. Fu Lang Group has risen by 5.96% for 5 consecutive days, with a cumulative increase of 21.58%. Global Mofei has risen by 5.34% for 5 consecutive days, with a cumulative increase of 29.17%. Zhongchi Chafu has risen by 5.86% for 5 consecutive days, with a cumulative increase of 4.83%. Jinsheng Entertainment has risen by 0.96% for 5 consecutive days, with a cumulative increase of 13.96%. Deswell Industries has risen by 1.98% for 5 consecutive days, with a cumulative increase of 3.03%. Ritu Ecology has risen by 9.49% for 5 consecutive days, with a cumulative increase of 21.59%.

DayDayCook has fallen by -8.45% for 8 consecutive days, with a cumulative decrease of -30.36%. Junhang Digital Technology has fallen by -0.96% for 4 consecutive days, with a cumulative decrease of -5.50%. Ancom has fallen by -6.55% for 4 consecutive days, with a cumulative decrease of -23.48%. Austin Technology has fallen by -21.43% for 4 consecutive days, with a cumulative decrease of -32.38%. Great Natural Pharmaceuticals has fallen by -4.76% for 4 consecutive days, with a cumulative decrease of -28.81%.

JD Takeaway announced that since its official launch on February 11, it has covered 126 cities nationwide, including Beijing, Shenzhen, Guangzhou, Shanghai, Chengdu, Hangzhou, Zhengzhou, Chongqing, with over 300,000 quality dine-in restaurant outlets.

Nanjing Light announced that its shareholder Jinfuyuan No.5 Fund plans to reduce its holdings of no more than 2,226,443 shares, or 1.00% of the company's total share capital, between April 9, 2025, and July 8, 2025.

Alibaba repurchased 42,400 shares on March 14 at a cost of $741,500.

Hongda New Materials announced that its wholly-owned subsidiary Dongguan New Oriental intends to increase capital by 10.05 million yuan to its wholly-owned subsidiary Tianchang New Dongcheng New Materials. The registered capital will increase from 4.95 million yuan to 15 million yuan.

China Health announced that Alibaba Health's shareholding has fallen below 5% after reducing its holdings by 10,048,900 shares, accounting for 2.51217% of the company's total share capital.

Li Bin, founder and CEO of NIO, delivered an internal speech detailing organizational changes, urging the team to improve management efficiency and achieve business goals.

Liu Qiangdong, Chairman of JD Group, visited Hong Kong University of Science and Technology and toured AI projects.

Oriental Selection responded to the quality issue of frozen shrimp, stating that their self-operated shrimp does not contain water-retaining agents.

XPeng Motors announced that the delivery of XPeng MONA is expected to exceed 100,000 units next month.

DingTalk launched AI smart customer service, which can autonomously take over enterprise websites and public accounts.

Alibaba Cloud launched the "T Project" to accelerate AI research and development.

Trump announced an increase in investment for TSMC from $100 billion to $200 billion.

Patent litigation between Jinko Energy and Longi Green Energy is intensifying, which may accelerate industry consolidation.

Construction has begun on the renovation and environmental improvement of Beijing's East Fourth Ring Road.

IM Motors, Ele.me, and Banma Zhixing announced joint exploration of AI intelligent travel, developing the industry's first "AI ecological cockpit."

Goldman Sachs expects Tencent, Meituan, and Pinduoduo's fourth-quarter performance to remain stable, with a focus on AI-related capital expenditure.

JD Takeaway has covered 126 cities nationwide, with over 300,000 quality dine-in restaurant outlets.

21Vianet announced the completion of pricing for its $430 million convertible preferred notes, with a conversion premium of approximately 25% over its Nasdaq closing price.

JD announced that JD Takeaway has covered 126 cities nationwide since its launch.

Citi Group stated that Baidu may maintain competitiveness in AI product launches.

Hesai Technology plans to build a factory overseas to avoid geopolitical risks and tariffs.