US Stock Market Move | The China Golden Dragon Index rose by over 4%. Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by nearly 5%.

On Wednesday, Chinese concept stocks rose, as of the time of publication, the NASDAQ Golden Dragon Index rose by more than 4%, the China Overseas Internet ETF (KWEB.US) rose by more than 4.4%, Full Truck Alliance Co. Ltd. Sponsored ADR (YMM.US) surged nearly 12%, KINGSOFT CLOUD (KC.US) rose by nearly 9%, Niu Technologies Sponsored ADR Class A (NIU.US) rose by more than 6%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by nearly 5%, JD.com, Inc. Sponsored ADR Class A (JD.US) rose by more than 4%, and Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose by more than 1.7%.