In the U.S. pre - market trading session, the majority of well - known Chinese concept stocks experienced a downward trend. Specifically, XPeng's stock price took a significant hit, plummeting by more than 5%. NIO wasn't far behind, with its shares dropping over 4%. JD.com also saw a decline, with its stock value decreasing by more than 3%. Pinduoduo and Li Auto weren't spared either, as both witnessed their share prices slip by more than 2%. Alibaba and Baidu also felt the pressure, with their stocks falling by more than 1%. In contrast, Bilibili and Weibo stood out as they bucked the trend, rising by more than 1%.
