U.S.-listed Chinese stocks slide premarket, Alibaba down 2% leading losses

Most U.S.-listed Chinese stocks declined in pre-market trading. Alibaba led the major decliners with a 2% drop, while JD.com, Bilibili, Pinduoduo, and Baidu each fell by approximately 1%. XPeng Motors dropped 0.9%, and Li Auto declined 0.4%. NetEase Cloud Music was the sole gainer, edging up 0.4% against the trend. Overall, market sentiment remained cautious, with technology and consumer-related Chinese stocks broadly under pressure.