On December 11th local time, the Nasdaq China Golden Dragon Index closed down 0.74%, with most popular Chinese concept stocks falling. Tencent Music fell more than 5%, JD.com fell more than 3%, Xiaopeng Motors fell more than 2%, and Bilibili, NIO, and Pinduoduo fell more than 1%. In terms of price increases, Tiger Securities rose by over 3%, while Youdao and Gaotu rose by over 1%.