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The Nasdaq Golden Dragon China Index opened lower, down 1.3%. Kingsoft Cloud fell nearly 10%, Xunlei dropped over 5%, Bilibili declined over 4%, NIO fell over 3%, and XPeng rose over 3%

The Nasdaq Golden Dragon China Index opened lower, down 1.3%. Kingsoft Cloud fell nearly 10%, Xunlei dropped over 5%, Bilibili declined over 4%, NIO fell over 3%, and XPeng rose over 3%