The Nasdaq Golden Dragon China Index has seen a short-term surge, with an increase of 0.8%. Popular Chinese concept stocks include XPeng rising 7.5%, Li Auto up 3.1%, Nio up 3.2%, PDD up 2.1%, and Alibaba up 1.7%

Xpeng announces official entry into Qatar, signs distributor for Mauritius

Xpeng has officially entered the Qatar market, introducing its G9 and G6 SUVs and announcing the upcoming launch of the P7+ sedan. The company has also formed a strategic partnership with Mauritian distributor Axess Limited to enter the East African market. These moves are part of Xpeng's rapid overseas expansion in the Middle East and Africa, enhancing its global strategic footprint.

XPeng officially enters the Mauritius market

XPeng announced its official entry into the Mauritius market and opened a flagship showroom in Abu Dhabi, UAE, while also launching the largest dedicated service center in New Cairo, Egypt. This marks XPeng's further expansion in the Middle East and Africa market

Reminder: Please pay close attention to the following (all times are in Beijing time)

Daily focus: Japan's November unemployment rate, preliminary industrial output, and other economic data; stock markets in many parts of the world are closed; Guangdong-Hong Kong-Macao Greater Bay Area Low-altitude Economy Conference and Honor Win series launch; National Development and Reform Commission press conference; China's industrial enterprise profit data; LEAPMOTOR 10th anniversary press conference and brain-computer interface exhibition

Labubu craze fades as Pop Mart shares fall 40%

Pop Mart’s stock has plunged 40% as demand for its signature Labubu collectibles fades, raising concerns about market saturation and the company’s long-term growth strategy.