---
title: "The China Concept Index fell by about 1.2%, Vnet dropped by 5%, Kingsoft Cloud fell over 3.1%, GDS declined by about 2.9%, and Alibaba decreased by 2.3%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272850741.md"
description: "Chinese concept stocks generally fell, with the Nasdaq Golden Dragon China Index down about 1.2%. Vnet fell 5%, Kingsoft Cloud fell over 3.1%, GDS fell about 2.9%, and Alibaba fell 2.3%. Some stocks, such as Huazhu, WeRide, and NetEase, saw slight increases. Related ETFs also experienced varying degrees of decline"
datetime: "2026-01-16T14:43:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272850741.md)
  - [en](https://longbridge.com/en/news/272850741.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272850741.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/272850741.md) | [繁體中文](https://longbridge.com/zh-HK/news/272850741.md)


# The China Concept Index fell by about 1.2%, Vnet dropped by 5%, Kingsoft Cloud fell over 3.1%, GDS declined by about 2.9%, and Alibaba decreased by 2.3%

The Nasdaq Golden Dragon China Index's initial decline has expanded to 1.18%.

Popular Chinese concept stocks: Vnet fell 5%, Kingsoft Cloud fell 3.16%, GDS fell 2.88%, Daqo New Energy, Li Auto, Vipshop, and Alibaba all fell at least 2.3%, Zai Lab fell 2.1%, and Pinduoduo fell 0.2%.

Huazhu is currently up 0.9%, WeRide is up 1.4%, and NetEase is up 1.4%.

Among ETFs, KWEB fell 1.64%, MCHI fell 1.6%, ASHR fell 0.99%, CQQQ fell 0.94%, and EMXC rose 0.14%.

The FTSE A50 night futures decline has now expanded to 0.26%

### Related Stocks

- [VNET Group, Inc. (VNET.US)](https://longbridge.com/en/quote/VNET.US.md)
- [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md)
- [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md)
- [GDS Holdings Limited (GDS.US)](https://longbridge.com/en/quote/GDS.US.md)
- [GDS-SW (09698.HK)](https://longbridge.com/en/quote/09698.HK.md)

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