Most popular Chinese concept stocks fell on Friday, with Xiaopeng Motors dropping more than 6%.

On Friday, the popular Chinese concept stocks had mixed performance, with the Nasdaq Golden Dragon China Index falling by about 1%. Vipshop rose by over 2%, while JD, Huya, Baidu, and Alibaba all closed slightly down. NIO and Sohu fell by over 1%, Bilibili fell by over 2%, Li Auto fell by over 4%, and XPeng fell by about 6%.