On March 2, during the pre-market trading session in the US, a broad downturn was observed among popular Chinese concept stocks. Notably, Pony.ai witnessed a significant drop, plunging over 4%. XPeng Inc. also faced a decline, with its stock price falling over 3%. Similarly, tech giants Alibaba and Baidu saw their shares drop by more than 3%. E-commerce and entertainment platforms were not spared either, as JD.com and Bilibili experienced declines exceeding 2%. Meanwhile, other well-known names such as Pinduoduo, iQIYI, NetEase, Weibo, Li Auto, and NIO also saw their stock prices dip by over 1%.
