In U.S. pre-market trading, a collective surge was witnessed among popular Chinese concept stocks. At the time of publication, Alibaba, Li Auto, and XPeng Motors all reported gains exceeding 3%. Pinduoduo, iQIYI, Weibo, and Bilibili followed suit with increases of over 2%, while Baidu, NetEase, and NIO also saw notable gains of more than 1%.
