Chinese concept stocks rise, New Oxygen jumps more than 21%

Chinese concept stocks rise, as of the time of publication, the Nasdaq Golden Dragon Index has risen by 0.61%. Newegg has risen by more than 21%, Citigroup analyst Nelson Cheung has upgraded the stock to a buy rating and raised the target price from $0.8 to $5.5; Kingsoft Cloud has risen by over 9%, the company has fully integrated the Kimi-K2 model; NIO has risen by over 5.6%, Li Auto has risen by 2.3%, and XPeng has risen by over 1%.