
News
The NASDAQ Golden Dragon China Index initially closed down 0.9%. Among popular Chinese concept stocks, NetEase initially closed down 1.7%, Baidu, XPeng Motors, and New Oriental fell by at least 1%, Alibaba fell 0.8%, Tencent, Pinduoduo, Xiaomi, and Li Auto rose by up to 0.9%, while BYD, Meituan, YUM CHINA, WeRide, and Nio rose by up to 4.5%
