Popular Chinese concept stocks fell on Thursday, with NetEase dropping more than 4%.

On Thursday, most popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index dropping 1.79%. Alibaba fell more than 2%, Pinduoduo and Baidu fell more than 1%, Netease fell more than 4%, Tencent Music fell more than 4%, Xpeng fell more than 2%, and Li Auto fell more than 1%.