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Hot Chinese concept stocks continue to rebound in premarket trading.Alibaba,JD.com, Pinduoduo,Baidu,DiDi Global,Nio,Xpeng Motors and Li Auto climbed between 3% and 5%.

As far as EV stocks go, Nio has been one of the go-to choices for investors of late. Indeed, this Chinese EV play has continued to outperform. Shares of NIO stock are now up more than 27% over the past month as investors climb back into growth stocks. Additionally, today’s move of more than 9% higher in NIO stock has brought about more interest in this EV name.Well, the Chinese EV market is absolutely massive. Currently, China hasmore than 40%of the global EV market, sitting just slightly behind

The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.Alibaba is the dominant force in cloud services in China which could become a significant revenue g