Popular Chinese concept stocks have mixed gains and losses, with Nio dropping more than 8%.

On Wednesday, popular Chinese concept stocks showed mixed movements, with the Nasdaq Golden Dragon China Index dropping by 0.95%. Alibaba dropped by over 2%, Pinduoduo and JD.com fell by more than 1%, NetEase rose by over 1%, Futu fell by over 3%, Li Auto dropped by over 1%, Xpeng dropped by over 3%, and Nio fell by over 8%.