---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288110595.md"
description: "The NASDAQ Golden Dragon China Index initially closed roughly flat, down 4.8% for May. Among popular Chinese stocks, MEITUAN initially rose 3.9%, Baidu gained 2.4%, PDD advanced 1.8%, Alibaba fell 1.4%, Xiaomi dropped 2.4%, Li Auto declined 3.3%, and Advanced Semiconductor Engineering slid 5.6%"
datetime: "2026-05-29T20:00:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288110595.md)
  - [en](https://longbridge.com/en/news/288110595.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288110595.md)
---

# 

The NASDAQ Golden Dragon China Index initially closed roughly flat, down 4.8% for May. Among popular Chinese stocks, MEITUAN initially rose 3.9%, Baidu gained 2.4%, PDD advanced 1.8%, Alibaba fell 1.4%, Xiaomi dropped 2.4%, Li Auto declined 3.3%, and Advanced Semiconductor Engineering slid 5.6%.

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