Popular Chinese concept stocks mostly closed higher

On Monday, most Chinese concept stocks closed up, with the Nasdaq Golden Dragon Index rising by 0.87%. Alibaba rose by over 4%, Pinduoduo rose by over 1%, NetEase rose by over 5%, Baidu rose by over 2%, Xiaopeng fell by over 2%, Beike fell by over 3%, Li Xiang fell by over 2%, and NIO fell by over 5%.