Chinese Concept Stocks | Trump Meeting with TSMC CEO Amid $100 Billion US Investment Plan

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On March 3rd (Monday), Eastern Standard Time, all three major U.S. stock indices fell by more than 1%. The S&P 500 index dropped by 1.76% to 5849.72 points; the Dow Jones index fell by 1.48% to 43191.24 points; and the Nasdaq index decreased by 2.64% to 18350.19 points.

On February 28th, the Nasdaq Golden Dragon China Index fell by 1.82%.

Among popular Chinese concept stocks, NIO fell by 8.21%, XPeng Motors fell by 5.86%, TSMC fell by 4.17%, JD.com fell by 3.96%, NetEase fell by 3.10%, Bilibili fell by 2.66%, Baidu fell by 2.46%, Alibaba fell by 1.27%, and Pinduoduo fell by 0.96%.

In terms of continuously rising Chinese concept stocks, Shengda Technology increased by 0.21% over five consecutive days for a total increase of 2.11%. Wangban Technology rose by 7.84% over five days for a total increase of 5.48%. Akso Health rose by 0.74% over four days for a total increase of 9.68%. Cheche Technology surged by 10.48% over four days for a total increase of 31.73%. Huhu Technology increased by 1.13% over four days for a total increase of 10.34%. Libang Kitchenware rose by 1.36% over four days for a total increase of 118.63%. Oriental Culture increased by 1.54% over four days for a total increase of 1.54%.

Regarding continuously declining Chinese concept stocks, Cango fell by 0.93% over fourteen consecutive days for a total decrease of 38.39%. Xinghui Cloud Print fell by 6.44% over seven days for a total decrease of 20.69%. E Home Fast Service fell by 3.36% over seven days for a total decrease of 11.89%. AngioDynamics fell by 59.53% over seven days for a total decrease of 83.16%. MicroAlgo fell by 7.91% over six days for a total decrease of 39.62%. Haichuan Securities fell by 3.17% over six days for a total decrease of 19.21%. Mengyun Hologram fell by 1.56% over six days for a total decrease of 39.17%.

News on Chinese Concept Stocks

TSMC CEO to Meet Trump on Monday
Market sources report that the CEO of TSMC will meet with Trump on Monday.

Trump to Announce TSMC's $100 Billion Investment in the U.S.
Insiders report that U.S. President Donald Trump is expected to announce on Monday evening that TSMC intends to invest $100 billion in the country's chip manufacturing facilities over the next four years. The investment will be used to build advanced chip manufacturing facilities.

Li Xiang, Chairman of XPeng Motors and National People's Congress Representative: All Car Companies Must Transition to Robot Car Companies
Li Xiang, Chairman of XPeng Motors and a representative of the National People's Congress, stated that all car companies must transition to robot car companies. In the future, cars will become mobile robots with four wheels. According to Li Xiang, the future car will have an upper body serving as living and working space, a lower body as the chassis, a smart cabin in the middle, a flying device on the roof, a camera at the rear, a lidar underneath, and hub motors on the wheels. Li Xiang also mentioned that future cars will achieve intelligent assisted driving in all scenarios, including urban, highway, parking lots, and rural roads, achieving point-to-point autonomous driving.

TSMC's Largest Customer to Contribute NT$624.3 Billion in Revenue in 2024, Accounting for 22%
According to TSMC's financial report, the largest customer in 2024 is expected to contribute NT$624.3 billion in revenue, setting a new high with an annual increase of about NT$77.7 billion, a growth rate of 14.2%, accounting for 22% of total revenue. Analysts estimate that Apple is still TSMC's largest customer. According to TSMC's statistics, the revenue contributed by the largest customer, "Client A," continues to increase, rising to NT$546.6 billion in 2023 and further surpassing the NT$600 billion mark in 2024 to reach NT$624.3 billion.

Golden Galaxy: Recent Deep Cooperation with Microvast in Solid-State Battery Field Has No Major Impact on Company's Performance in the Short Term
Golden Galaxy announced that its stock trading price deviated by more than 30% over three consecutive trading days, indicating abnormal stock price fluctuations. The company recently signed a strategic cooperation agreement with Microvast for deep cooperation in the solid-state battery field, but further promotion and implementation are needed, and there is no major impact on the company's performance in the short term. The company has not found any undisclosed major information that may or has affected the company's stock trading price reported in recent public media. The company, controlling shareholders, and actual controllers do not have any undisclosed major matters that should be disclosed.

Canaan Technology Expects Q4 2024 Total Revenue of Approximately $89 Million
On March 3rd, Canaan Technology announced preliminary financial results for the fourth quarter of 2024, expecting total revenue of approximately $89 million, exceeding the previous guidance of $80 million; the expected gross margin loss is expected to narrow to between $10 million and $6 million.

Tencent Aurora A2 Studio General Manager Yang Feng Resigns
Yang Feng, the general manager of Tencent Aurora A2 Studio, has officially resigned. This change is related to the poor performance of the MMORPG "Moonlight Blade." Under Tencent's focus on evergreen products and high-level attention to team output, "Moonlight Blade" failed to meet expected performance. Meanwhile, Tencent's Interactive Entertainment Group has undergone organizational restructuring in its domestic distribution line, establishing several new product departments and dissolving some cooperative departments.

Li Auto's First Pure Electric SUV to Be Released in July
On March 3rd, Li Auto's official Weibo account announced that its first pure electric SUV, the Li i8, is planned to be released in July 2025. The i8 is the first product of the Li i series, positioned as a mid-to-large six-seater SUV. Li Auto stated that they will focus all their efforts on user needs rather than sales and competition. As for the mid-term goal, they will strive to enter the first echelon of high-end pure electric brands within three years.

XPeng Motors: Entering the Indonesian Market
XPeng Motors: Entering the Indonesian market.

Deep Integration of DeepSeek and Youdao Translation Large Model, Youdao Zhiyun Launches New AI Product for Speech Interpretation
Recently, Youdao Zhiyun launched a new product "Youdao Speech Interpretation," based on the DeepSeek-R1 and Youdao Translation Large Model, providing multi-functional speech interpretation services to achieve real-time communication between users of different languages. It can be widely used in international conferences, business negotiations, educational training, and tourist guide scenarios to improve cross-language communication efficiency.

Ming-Chi Kuo: TSMC's CoWoS Expansion Plan Remains Unchanged
Famous analyst Ming-Chi Kuo recently wrote that TSMC's CoWoS 2.5D advanced packaging is expanding quarterly, and the plan to achieve a monthly capacity of approximately 70,000 pieces by the end of this year remains unchanged. NVIDIA's plan to deposit a total of 370,000 pieces in TSMC's CoWoS this year has also not changed significantly recently.

XPeng Motors Applies for P7 Ultra Trademark
The Qichacha APP shows that Guangdong XPeng Motors Technology Co., Ltd. recently applied to register a "P7 Ultra" trademark, with an international classification of transportation tools, and the current trademark status is in the application process.

XPeng Motors Registers P7 Ultra Trademark
Tianyancha intellectual property information shows that Guangdong XPeng Motors Technology Co., Ltd. recently applied to register a "P7 Ultra" trademark, with an international classification of transportation tools, and the current trademark status is pending substantive examination. Guangdong XPeng Motors Technology Co., Ltd. was established in June 2019, with He Xiaopeng as the legal representative, a registered capital of 40 billion RMB, and is wholly owned by XPeng (Hong Kong) Limited.

Hema to Open Nearly 100 Fresh Stores in the New Fiscal Year
Reporters learned that Hema will continue to focus on the counter-trend expansion of the Hema Fresh business this year, with a clear plan to open nearly 100 Hema Fresh stores in the new fiscal year, entering dozens of new cities.

Insiders Respond to Hema's Closure of 3 X Member Stores: Voluntary Business Adjustment
Hema X Member Stores announced on February 28th that due to business adjustments, the Gaoxing, Dachang, and Donghongqiao stores in Shanghai will suspend operations from April 1st. Insiders responded that this store closure is a voluntary business adjustment by Hema.

Hema to Close 3 X Member Stores Nationwide, Leaving Only 5
On February 28th, Hema X Member Stores announced via their WeChat public account that due to business adjustments, the Gaoxing, Dachang, and Donghongqiao stores in Shanghai will suspend operations from April 1st. Insiders revealed that this store closure is a voluntary business adjustment by Hema. Hema CEO Yan Xiaolei revealed in an internal letter at the end of 2024 that the company is focusing on the two core businesses of Hema Fresh and Hema NB. After the closure of these stores, only two Hema X Member stores will remain in Shanghai, with one store each in Beijing, Nanjing, and Suzhou.

Red Pine App Fully Integrates DeepSeek
On March 3rd, Red Pine announced that it has fully integrated the DeepSeek AI model and launched the country's first intelligent life assistant "AI Song Xiao Zhi" tailored for the 50+ retired population. The fully equipped Red Pine App 5.0 version is now available on major mobile app markets.

Baidu Plans to Issue $1.4 Billion Equivalent Offshore RMB Bonds
Baidu plans to issue $1.4 billion equivalent offshore RMB bonds.

Ant Group and Others Invest in Deep Intelligence
Tianyancha App shows that recently, Xiamen Deep Intelligence Technology Co., Ltd. underwent industrial and commercial changes, adding Ant Group's Shanghai Cloud 玡 Enterprise Management Consulting Co., Ltd., Xiamen Xuanshu Consulting Management Partnership (Limited Partnership), and others as shareholders. The registered capital increased from 10 million RMB to approximately 12.677 million RMB, and several executives changed. The company was established in July 2017, with Wu Chenglin as the legal representative, and its