The Nasdaq China Golden Dragon Index closed down 1.37%, with a cumulative decline of 0.01% for the week. Most popular Chinese concept stocks fell, with iQiyi, Bilibili, and Xiaopeng Motors falling more than 3%, Alibaba falling more than 2%, and JD.com, Gaotu, Baidu, Ideal Auto, and Miniso falling more than 1%; Jinshan Cloud rose nearly 25%, while NIO rose over 3%.