On December 30th local time, most popular Chinese concept stocks closed down, with the Nasdaq China Golden Dragon Index falling 1.9%. Kingsoft Cloud fell over 8%, Xiaopeng Motors fell over 6%, Upward Rongke and Dingdong Maicai fell over 5%, Ideal Auto and Fangduoduo fell over 4%, Pinduoduo and Jike fell over 3%.