<h3><strong>Alibaba (dropped back to September 2024 level, a price that can be traced back to November 2014)</strong></h3><p>Since the beginning of 2025, Alibaba's stock price has been driven by the growth of its AI cloud computing business, continuously rising. However, the upward trend in stock price has been interrupted since the end of January due to the impact of the U.S. cancellation of tariff exemptions for small packages between China and the U.S. On the last trading day, Alibaba's stock price closed at $116.54. However, in today's night trading, its stock price fell more than 8%, currently priced at $106.61. Compared to the recent three-month high, Alibaba's stock price has decreased by about 15%, falling back to the price level of September 2024, a price that can be traced back to November 2014.</p><p><img src="https://pub.pbkrs.com/cms/2025/0/syviNp5tx7NQyyjdc8j8FHyhHsvmMbmz.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2025/0/syviNp5tx7NQyyjdc8j8FHyhHsvmMbmz.jpg"/></p><h3><strong>PDD (dropped to January 2025 level, a price that can be traced back to October 2020)</strong></h3><p>PDD's fourth-quarter financial report shows that the company's revenue growth rate is below market expectations, and the growth rate of operating profit has declined. In addition, affected by tariff war policies, the exemption for small packages under $800 has been canceled, challenging the &#34;direct sales of small packages&#34; strategy. PDD's closing price on the last trading day was $104.21, and in today's night trading, the stock price fell by 9.76%, currently priced at $94.01. The stock price has dropped over 20% in a month, falling to the January 2025 level, a price that can be traced back to October 2020.</p><p><img src="https://pub.pbkrs.com/cms/2025/0/d8V5gFzMxFAN5dKkvb8rLa28SE1JsYJs.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2025/0/d8V5gFzMxFAN5dKkvb8rLa28SE1JsYJs.jpg"/></p><h3><strong>XPeng (dropped back to February 2025 level, a price that can be traced back to October 2020)</strong></h3><p>Despite XPeng's impressive Q4 2024 financial report, with electric vehicle deliveries in March increasing by 268% year-on-year, XPeng's overseas strategy may be affected by the Trump administration's universal tariffs on the automotive industry, leading to a decrease in car demand. XPeng's closing price on the last trading day was $19.43, and in today's night trading, it fell by 12.4%, currently priced at $17.02, down nearly 30% from the recent high, dropping back to the February 2025 level, a price that can be traced back to October 2020.</p><p><img src="https://pub.pbkrs.com/cms/2025/0/6uuA2BSprMxpMNt8muta9BMqhktmU1d2.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2025/0/6uuA2BSprMxpMNt8muta9BMqhktmU1d2.jpg"/></p>

BABA

XPEV

09988

09868

<p>The shadow of Trump's tariffs has caused significant declines in the prices of several Chinese concept stocks. Alibaba's stock price has fallen 15% from its recent peak, approaching its initial listing level in 2014; PDD has dropped over 20% this month; XPeng's stock price has decreased nearly 30% from its high, returning to levels seen in October 2020</p>

- Alibaba's stock price, driven by growth in AI cloud computing, has fallen back to September 2024 levels, impacted by U.S. tariff policy changes.  
- The stock closed at $116.54 but dropped over 8% in after-hours trading to $106.61, marking a 15% decline from its recent peak.  
- Pinduoduo and Xpeng Motors also experienced significant declines, with Pinduoduo's stock falling to $94.01 and Xpeng's to $17.02, both reflecting pressures from market expectations and tariff policies.

U.S. stocks of Chinese concept stocks plummeted in after-hours trading! What level have they dropped to?