Popular Chinese concept stocks fell by nearly 8%, Baidu fell by nearly 8%, Xiaopeng Automobile and Bilibili fell by more than 6%, NIO, Weibo, and JD.com fell by more than 5%, Alibaba fell by more than 4%, Pinduoduo and Ideal Automobile fell by more than 2%, Futu Holdings and Tencent Music fell by more than 1%, NetEase and iQiyi fell slightly. Vipshop will increase by over 12%.