On Tuesday, most popular Chinese concept stocks closed lower.

Most popular Chinese concept stocks fell on Tuesday, with the NASDAQ Golden Dragon Index dropping by 2.12%. NIO rose by about 0.8%, Alibaba fell by about 0.7%, Ctrip and Tiger Securities both fell by over 1%, Sohu and JD.com both fell by over 2%, Kingsoft Cloud fell by about 4%, and Baidu fell by over 8%.