Chinese Tech Stocks Experience Significant Declines

Dec 10, 2024

Several Chinese tech stocks faced substantial declines. Fangdd Network (DUO) plummeted over 16%, while UP Fintech Holding (TIGR) saw a drop of more than 12%. Bilibili (BILI, Financial) decreased by over 9%, and Futu Holdings (FUTU) fell more than 7%. Other notable declines included XPeng Motors (XPEV), New Oriental Education (EDU), and Kanzhun Limited (BZ), each dropping over 6%. Additionally, KE Holdings (BEKE), Pinduoduo (PDD), and Hesai Group (HSAI) fell by over 5%. NIO Inc. (NIO), Li Auto (LI), Huazhu Group (HTHT), TAL Education Group (TAL), and Baidu (BIDU) also experienced declines of more than 4%.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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