On May 8th local time, popular Chinese concept stocks in the US fell, with the Nasdaq China Golden Dragon Index falling 1.63%. Xiaopeng Automobile fell more than 6%, NIO fell more than 5%, Ideal Automobile fell more than 4%, Weibo fell more than 3%, Futu Holdings and iQiyi fell more than 2%, Bilibili, Manbang, and Alibaba fell more than 1%, Baidu, Tencent Music, JD.com, and NetEase fell slightly. Vipshop and Pinduoduo rose by over 1%.