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Popular Chinese concept stocks rose by over 5%, with Xiaopeng Motors rising by over 5%, NIO rising by over 4%, Pinduoduo and Bilibili rising by over 2%, Tencent Music, Futu Holdings, and Ideal Automobile rising by over 1%, while Vipshop, NetEase, iQiyi, and Baidu rose slightly. JD.com fell more than 3%, while Alibaba fell more than 1%.
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