Woofun AI reports that popular Chinese concept stocks experienced broad-based declines prior to the opening of US stock markets on Monday. Alibaba and Li Auto led the downturn, with both shares falling by more than 2%. JD.com, Pinduoduo, Bilibili, and Xpeng Group also recorded losses exceeding 1%, while Baidu dropped 0.85%. In contrast, NIO posted a slight gain of 0.18%.