Alibaba and Pinduoduo both saw gains of over 10% in the top 20 Chinese concept stocks by transaction volume. Alibaba, ranked 7th, closed up 10.07% with a transaction volume of 6.929 billion US dollars. Driven by China's stimulus policies, popular Chinese concept stocks rose on Thursday, with the Nasdaq China Golden Dragon Index rising nearly 11%, the largest daily increase since 2022. On September 25, Fortune magazine published the list of "companies that will change the world" in 2024. Alibaba became the only Chinese company in the top 10 due to AI technology assisted detection of pancreatic cancer lesions. In addition, according to market news, JD Logistics and Cainiao Express will access Taotian and JD platforms respectively, and JD will also launch Alipay payment before the "Double 11".