On October 10, 2025, prior to the opening of the US stock market, a widespread decline was observed among popular Chinese concept stocks. As of the time of reporting, Baidu, XPeng Motors, and Weibo each witnessed a drop exceeding 2%. Alibaba and iQIYI saw their shares decline by more than 1%, while JD.com, Pinduoduo, and Bilibili experienced declines close to 1%. NIO's stock fell by 0.4%, contrasting with Li Auto, which managed to edge up by 0.3%.
