Popular Chinese concept stocks rose by nearly 8%, with Bilibili rising by over 9% and Alibaba rising by nearly 8%. NetEase, Baidu, and JD.com rose by over 7%, Futu Holdings rose by over 5%, Xiaopeng Motors rose by over 4%, NIO, Weibo, and Ideal Motors rose by over 3%, and Tencent Music, Vipshop, and iQiyi rose by over 1%. Pinduoduo saw a slight decline.