The Nasdaq Golden Dragon China Index preliminarily rose by 0.9%. Among popular Chinese concept stocks, XPeng rose by 2.7%, Meituan, Tencent, WeRide, Nio, NetEase, and YUM China rose by up to 1.7%, Pinduoduo rose by 0.8%, New Oriental, Li Auto, and Alibaba rose by at least about 0.2%

Popular Chinese concept stocks in the U.S. pre-market collectively strengthened, with Baidu rising over 1%

36Kr learned that popular Chinese concept stocks collectively strengthened in pre-market trading in the US. As of the time of writing, Baidu, NetEase, Bilibili, Nio, and XPeng rose over 1%, JD.com rose 0.9%, PDD rose 0.69%, Alibaba rose 0.63%, and Li Auto fell 0.06%

Vipshop (NYSE:VIPS) Shares Cross Below 50 Day Moving Average - Here's Why

Vipshop (NYSE:VIPS) shares fell below their 50-day moving average, trading as low as $19.02. Analysts have mixed ratings: three Buy and four Hold. The stock has a consensus Hold rating and an average price target of $19.83. Vipshop's market cap is $9.78 billion with a P/E ratio of 10.04. Institutional investors own 48.82% of the stock. Recent analyst actions include downgrades and reaffirmations of Hold ratings.

XREAL 1S officially released, priced at 3,299 yuan

On December 18th, XREAL released its latest AR glasses XREAL 1S, priced at 3,299 yuan. The product is equipped with the X1 spatial computing chip, featuring a 500-inch portable giant screen, stable spatial display, and real-time 2D to 3D conversion capabilities. Reservations will open on December 18th at 14:00 on JD.com and Tmall, with official sales starting on December 22nd at 20:00

NIO's new ES8 vehicle deliveries exceed 30,000 units

NIO-SW announced that the cumulative delivery of the all-new ES8 has exceeded 30,000 units, setting the fastest record for domestic pure electric models priced above 400,000 yuan to reach 30,000 deliveries. According to the information, the all-new ES8 has been delivered since September 21