Popular Chinese concept stocks rose by over 5%, with NIO rising by over 5%. JD.com, Xiaopeng Motors, and Bilibili rose by over 3%, while Weibo, Ideal Motors, Futu Holdings, Alibaba, Baidu, iQiyi, and Pinduoduo rose by over 1%. NetEase and Tencent Music saw a slight increase. Vipshop will experience a slight decline.