Popular Chinese concept stocks fell on Thursday.

On Thursday, most popular Chinese concept stocks fell, with the Nasdaq Golden Dragon Index falling by 1.57%. Kingsoft Cloud dropped by over 10%, Daqo New Energy dropped by over 8%, NIO, Xpeng, 21Vianet, and Bilibili all dropped by at least over 4%, while New Oriental rose by over 1% and Xiaopeng rose by 2.5%.