B[Hang Seng Technology Index closed down 1.1% and the optical communications sector rebounded] On September 29, Hong Kong’s Hang Seng Index closed down 0.48% to 24523.57 points, and the Hang Seng Technology Index closed down 1.08% to 4249.62 points. The optical communications sector rebounded, with YOFC Optical Fiber and Cable rising by over 7%, Cambridge Technology rising by 5%, and Zhongji InnoLight rising by over 3%. Heavyweight technology stocks fell collectively, with Tencent and Meituan falling about 2%, and Alibaba falling more than 1%. Automobile stocks fell, with NIO down 5%, Xpeng Group down 4%, and WeRide down nearly 3%. A[While the overall U.S. stock market fell, most Chinese concept stocks rose, NetEase rose more than 5%] September 28th, while the overall U.S. stock market weakened during the session, most Chinese concept stocks listed in the U.S. rose, with the Nasdaq China Golden Dragon Index rising 0.6%. Among the popular Chinese concept stocks, NetEase rose 5.03%, Zai Lab rose 4.28%, Pony.ai rose 3.63%, Beike rose 3.25%, BOSS Zhipin rose 3.01%, Huazhu Group rose 2.65%, Li Auto rose 2.19%, and Bilibili rose 1.85%. Alibaba fell 0.59%, Baidu fell 1.15%, and Xpeng Motors fell 1.14%. Among the top 30 popular Chinese concept stocks by market capitalization, 21 rose and 9 fell. B[Xpeng Group He Xiaopeng: We are communicating and cooperating with car companies and non-car companies, covering technology, chips and other fields] On September 17, He Xiaopeng, chairman of Xpeng Group, said today that in addition to Volkswagen Group, Xiaopeng is communicating and cooperating with many car companies and non-car companies, and the cooperation direction covers technology, chips and other fields. On the occasion of the Paris Auto Show, Xpeng may announce some of the results of its cooperation. In the evening of the same day, Xpeng G9L completed its domestic launch and was manufactured globally at its Guangzhou factory in China and Graz factory in Austria. The new car will hold a global launch conference in Paris, France on October 12. (Reporter Xu Hao) B[Yongmaotai: Magnesium alloy parts are expected to be supplied in large quantities in the second half of the year and gradually contribute to performance] On September 2, Xu Hong, chairman of Yongmaotai, said at the 2026 semi-annual performance briefing held this afternoon that the production and sales of the aluminum alloy liquid business will be normal in the second half of the year; magnesium alloy parts In terms of performance, the company has launched formal cooperation with OEMs and first-tier suppliers such as Luxshare Precision, Xpeng, General Motors, Volkswagen, SAIC Passenger Cars, SAIC Transmission, and BYD, and has successfully developed various parts and components and gradually mass-produced and delivered them. It is expected to be able to supply large quantities in the second half of this year and gradually contribute to revenue and profits. (Reporter Wang Bin) A[Venture Capital Pass: 136 financings in the primary market this week, AI infrastructure and other subdivisions are active] "Science and Technology Innovation Board Daily" reported on the 30th, according to Venture Capital Pass data, a total of 136 investment and financing events occurred within the domestic statistical caliber this week (8.22-8.28), and the total disclosed financing was approximately 16.15 billion yuan. Judging from the number of investment events, advanced manufacturing, medical health, artificial intelligence, integrated circuits and other fields are more active; among the subdivided tracks, AI infrastructure, AI industry applications, medical equipment, etc. are more popular among investors. In terms of total financing, advanced manufacturing disclosed the largest amount of financing, approximately 6.625 billion yuan. Xpeng Robotics completed a first-round financing of over US$900 million led by IDG Capital, with participation from Gaorong Venture Partners, Tencent, and Alibaba, making it the largest investment event disclosed this week.
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