Popular Chinese concept stocks rose across the board, with the Nasdaq China Golden Dragon Index closing up 1.55%.

2025-08-30 04:02:00

Popular Chinese concept stocks rose across the board on Friday, with the Nasdaq China Golden Dragon Index closing up 1.55%. Fangdd.com initially closed up about 54%, Alibaba rose 13%, Baidu rose 4.7%, JD.com, New Oriental, and Tencent rose over 1%, while NetEase, Pinduoduo, and NIO fell over 1%, while Pony.ai, TSMC, and Xpeng Motors fell as much as 4%.

TSMC Pony.ai Nio XPENG Auto JD Pinduoduo NetEase Alibaba Tencent

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Weekly Highlights

                                    Jefferies: Raised Alibaba (BABA.N) price target from $150.00 to $165.00.
                            2025-09-01

                                    The statement showed that Alibaba and Bosch announced the deepening of their strategic partnership.
                            2025-09-02

                                    Challenger Gray, a US employment consulting firm, reports that pharmaceutical companies announced plans to lay off 19,112 employees in August, bringing the total to 22,433. This represents a 142% increase compared to the 9,254 layoffs reported in the same period last year. The industry is facing increasing competition from patent expirations and is refocusing on higher-margin products. Many companies are also implementing artificial intelligence, which is leading to restructuring and job losses.
                            2025-09-04

                                    NIO (NIO.N) had revenue of 19.01 billion yuan in Q2 2025, compared with 17.45 billion yuan in the same period last year.
                            2025-09-02

                                    According to CNBC: Apple (AAPL.O) CEO Tim Cook arrived at the White House.
                            2025-09-05