Chinese concept stocks were mixed on Wednesday, with Xiaopeng Motors falling more than 3%.

On Wednesday, Chinese concept stocks were mixed, with the Nasdaq Golden Dragon China Index up 0.17%. Pinduoduo rose by over 1%, while Alibaba, NetEase, Ctrip, and JD saw slight gains. Baidu dropped by over 1%, Futu Holdings surged by over 4%, NIO rose by over 1%, Xiaopeng dropped by over 3%, Li Auto rose by over 1%, and Beike fell by over 2%.