In U.S. premarket trading, popular Chinese stocks experienced a collective decline. Pinduoduo led the way with a steep drop of over 18%. XPeng Inc. fell by more than 3%, while NIO Inc. saw a decline of over 2%. Li Auto Inc. slipped by over 1%. Alibaba Group Holding Ltd. and JD.com Inc. each lost 0.85% and 0.66% respectively. Conversely, Baidu Inc. registered a marginal gain of 0.08%.
