<p>The Nasdaq Golden Dragon China Index initially closed down 0.3%, with a cumulative decline of about 1.1% this week. Among popular Chinese concept stocks, XPeng initially closed down 5.6%, WERIDE fell 3.2%, Baidu and Nio fell over 2%, Li Auto fell 1.1%, Alibaba fell 0.9%, Pinduoduo remained flat, and YUM China rose 1.8%, while New Oriental and NetEase rose 2.1%</p>

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<p>The Nasdaq Golden Dragon China Index preliminarily closed down 0.3%, with a cumulative decline of about 1.1% this week. The performance of popular Chinese concept stocks varied, with XPeng down 5.6%, WERIDE down 3.2%, Baidu and Nio down over 2%, XPeng down 1.1%, Alibaba down 0.9%, Pinduoduo flat, Li Auto up 0.3%, YUM China up 1.8%, and New Oriental and NetEase up 2.1%</p>

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