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The Nasdaq Golden Dragon China Index closed down 2.5% in May, with a cumulative increase of about 1.8%. Popular Chinese concept stocks Bilibili fell 4.1%, XPeng fell 3.6%, NIO fell 3.5%, Womai Zhixing and New Oriental also fell over 3%, while Baidu, Alibaba, Yum China, and Tencent fell over 2%, and Xiaoma Zhixing rose 11.8%.
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