On Monday, the popular Chinese concept stocks closed with mixed gains and losses, with Xiaopeng Motors rising over 5%.

Popular Chinese concept stocks closed mixed, with the Nasdaq Golden Dragon Index down 0.29%. Alibaba, Pinduoduo, and Baidu fell by over 1%, while JD.com dropped nearly 1%. Tencent Music rose by over 2%, Xiaopeng Motors surged by over 5%, Bilibili rose by over 1%, and KE Holdings rose by 1%.