On February 20th local time, most popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index falling by more than 1%. Xiaopeng Motors fell more than 5%, Futu Holdings and JD.com fell more than 4%, NIO fell more than 3%, Pinduoduo and Tencent Music fell more than 2%, Manbang, Vipshop, Bilibili, Baidu, Alibaba fell more than 1%, and NetEase slightly declined. Ideal cars and Weibo saw a slight increase.