On October 31, 2025, ahead of the U.S. stock market opening bell, the majority of well - known Chinese concept stocks experienced a downturn. Notably, tech giants like Alibaba, JD.com, along with popular platforms Bilibili and electric vehicle manufacturer Li Auto, saw their stock prices decline by more than 1%. Meanwhile, XPeng and Baidu witnessed drops close to 1%, and iQiyi's shares fell by 0.43%. On the flip side, NIO's stock price edged up by 0.57%, and Weibo registered a modest increase of 0.31%.
