--- type: "News" locale: "en" url: "https://longbridge.com/en/news/278934287.md" description: "The NASDAQ Golden Dragon China Index initially closed down 1%. Among popular Chinese concept stocks, Pony.ai initially closed down 4.6%, Li Auto and Tencent fell over 2%, Alibaba fell 1.5%, PDD fell 1.3%, Nio rose 1.2%, XPeng rose 3.6%, and Fangduoduo rose 14.9%" datetime: "2026-03-12T20:02:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278934287.md) - [en](https://longbridge.com/en/news/278934287.md) - [zh-HK](https://longbridge.com/zh-HK/news/278934287.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278934287.md) | [繁體中文](https://longbridge.com/zh-HK/news/278934287.md) # The NASDAQ Golden Dragon China Index initially closed down 1%. Among popular Chinese concept stocks, Pony.ai initially closed down 4.6%, Li Auto and Tencent fell over 2%, Alibaba fell 1.5%, PDD fell 1.3%, Nio rose 1.2%, XPeng rose 3.6%, and Fangdd rose 14.9% ### Related Stocks - [Tencent Holdings Limited (TCEHY.US)](https://longbridge.com/en/quote/TCEHY.US.md) - [Li Auto Inc. (LI.US)](https://longbridge.com/en/quote/LI.US.md) - [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md) - [NASDAQ Golden Dragon China Index (.HXC.US)](https://longbridge.com/en/quote/.HXC.US.md) - [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md) - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [PONY-W (02026.HK)](https://longbridge.com/en/quote/02026.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md) - [Tencent Holdings Limited (TCTZF.US)](https://longbridge.com/en/quote/TCTZF.US.md) - [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md) - [KraneShares 2x Long BABA Daily ETF (KBAB.US)](https://longbridge.com/en/quote/KBAB.US.md) - [GraniteShares 2x Long PDD Daily ETF (PDDL.US)](https://longbridge.com/en/quote/PDDL.US.md) - [KraneShares 2x Long PDD Daily ETF (KPDD.US)](https://longbridge.com/en/quote/KPDD.US.md) - [GraniteShares 2x Long BABA Daily ETF (BABX.US)](https://longbridge.com/en/quote/BABX.US.md) ## Related News & Research - [Xpeng to kick off VLA 2.0 test drives on Mar 11 as analysts see autonomous driving leap](https://longbridge.com/en/news/278472738.md) - [Xpeng CEO confident in self-driving leap, welcomes peers including Tesla's Musk to experience it](https://longbridge.com/en/news/278222344.md) - [OpenClaw Founder Accuses Tencent of “Copying,” Company Responds Citing Support for the Ecosystem](https://longbridge.com/en/news/278848478.md) - [Xpeng to launch G6 EREV on Mar 6 as hybrid push continues](https://longbridge.com/en/news/277865922.md) - [Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results | LI Stock News](https://longbridge.com/en/news/278846598.md)