Popular Chinese ADRs are generally declining in pre-market US trading. Futu Holdings has dropped over 37%, UP Fintech Holding has fallen over 36%, Pinduoduo, iQIYI, and NIO have all declined by more than 5%, JD.com and Li Auto have dropped over 4%, Alibaba has fallen over 3%, Baidu has decreased by over 2%, and NetEase and XPeng have both dropped over 1%.
