The Nasdaq China Golden Dragon Index closed down 0.19%.

2025-09-04 04:12:45

Popular Chinese concept stocks closed mixed, with the Nasdaq China Golden Dragon Index closing down 0.19%. Fangdd closed down nearly 15%, NIO fell nearly 4%, Xpeng Motors fell over 2%, and Alibaba fell over 1%. Pinduoduo rose over 2%, and iQiyi rose over 1%.

Nio XPENG Auto Pinduoduo Alibaba

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Weekly Highlights

                                    Qualcomm (QCOM.O) CEO: Qualcomm needs more energy-efficient chips.
                            2025-09-06

                                    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

                                    The value of projects signed at the 2025 Smart Expo exceeds 200 billion yuan
                            2025-09-05

                                    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