On January 14th, the Nasdaq China Golden Dragon Index closed down 0.39%, with most popular Chinese concept stocks falling. Kingsoft Cloud fell over 10%, Miniso fell nearly 6%, New Oriental fell over 4%, iQiyi and Xiaopeng Motors fell over 3%, and NIO and Ideal Motors fell over 2%. NetEase rose over 3%, TAL Education and Pinduoduo rose over 1%, while Bilibili, JD.com, and Baidu rose less than 1%.
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