The result of LUCKN COFFEE DRC's special general meeting resolution was questioned by some investors. The lottery network received a warning from the New York Stock Exchange for failing to submit its 2019 annual report on schedule.

Chinese stocks rose and fell at the start of trading on Tuesday, closing down generally, with a total of 10 stocks rising, 1 closing flat and 20 closing down.

The specific performances of popular US-listed stocks are as follows:

In large-scale U.S.-listed stocksAlibaba is down 1.45%, who is learning from whom is up 5.17%, Bilibili Inc. is up 4.73%, Tencent Music is up 4.39%, Baidu, Inc. is down 3.84%, iQIYI, Inc. is down 2.55%, Pinduoduo is up 4.60%, TAL Education Group is down 4.45%, JD.com is down 2.48%, NetEase is up 0.97%.

For other Chinese stocks, the ones that have risen a lot areMogu Inc is up 104.84%, Ruhan Holdings is up 19.35%, and Futu Holdings Limited is up 4.84%.

On the other hand, the larger decreases are as follows:Qudian Inc fell 13.60%, Qutoutiao fell 7.16%, and New Oriental Education & Technology Group fell 4.31%.

Focus review

• The share price hit a new high with whom to learn, rising more than 5% on Tuesday.

Learn from who continued to rise 5.17% on Tuesday to close at 69.11, with a turnover of 346 million, once again setting an all-time high.

On Monday, Grizzly Research, a short seller, said it had received a report from EducationEquity Research on whom to learn (GSX.US). The agency said the report was written by a group of Chinese software engineers and data analysts, and their investigation further proved the trick from whom to learn.

The report stresses once again that the number of applicants who studied with is heavily manipulated, and it is likely that at least 70% and 80% of the enrollment is fake, and in many cases, the enrollment of a course fluctuates by thousands. In addition, Gaotu Techedu Inc. 's classroom with whom to learn uses well-designed traps to attract students who do not do well but want shortcuts to improve their learning results quickly.

Several institutions have previously released investigation reports on who to learn from, including Muddy Waters, incense rafters, Scorpio Ventures, and so on, the report said. But the stock price has not been affected by whom to learn from.

• The result of LUCKN COFFEE DRC's special general meeting resolution was questioned by some investors.

Some investors in LUCKN COFFEE DRC are said to be challenging the voting results of the special shareholders' meeting over the weekend. According to reports, some representatives of LUCKN COFFEE DRC's shareholders raised objections to the voting procedure, including the way the votes were counted.

Although the media reported that LUCKN COFFEE DRC held an extraordinary general meeting of shareholders on Sunday, as well as the resolution passed at the meeting to remove Chairman Lu Zhengyao and others, the company has not yet announced the results. The LUCKN COFFEE DRC pink market rose as much as 13% on Tuesday, closing up 12%.

The dismissal of Lu Zhengyao is the ultimate step in a senior personnel shake-up after the revelation of fake transactions that date back to April 2019. In the face of investigations by Chinese and US regulators, the coffee chain fired its chief executive and chief operating officer in May.

A representative of LUCKN COFFEE DRC didn't immediately respond to a request for comment.

• NIO Inc. continued to rise 14% on Tuesday, only one step away from reaching an all-time high.

At one point on Tuesday, NIO Inc. opened nearly 5% lower, then began to rise, closing at 13.22%, up 14.86%, with a turnover rate of 58%.

On July 7, NIO Inc. officially released a new electricity exchange charging model for non-first car owners and operating vehicles, as well as charging standards. The cost of changing electricity is composed of the number of changing degrees * (electricity charge + service charge). The latest charging model will be implemented from July 10, 2020. This standard is aimed at charging all NIO Inc. 's non-first car owners and all operating vehicles. The cost of changing electricity is composed of the number of changing electricity degrees * (electricity charge + service charge).

Among them, the power change degree is the difference between the electricity of the two batteries before and after the change of electricity; the electricity charge is the electricity price cost of the location of the replacement power station; and the pricing of the service charge will be slightly higher than the charging level of the operational fast charging piles around the exchange power station.

• Mogu Inc rebounded for two days in a row, rising 104% against the trend.

Mogu Inc's share price soared on Tuesday, rising more than 130 per cent at one point in intraday trading before closing up 104.84 per cent.

Since May, Mogu Inc has continued to innovate live e-commerce games. At the end of May, Mogu Inc released the "Meili Plan" for anchors, institutions and supply chain recruitment. Six anchor support policies including "guaranteed monthly salary", "goods docking", "flow support" and "official brokerage" and six supply chain support policies such as "commission-free for one year", "platform underwriting" and "operation service" were launched to promote the growth of high-quality anchors and jointly improve the performance of the brand.

Since the beginning of the year, Mogu Inc has continued to rebound, with a cumulative increase of more than 200% from the lowest point.

• 500 Lottery received a warning from the New York Stock Exchange that the 2019 annual report was not submitted on time.

According to foreign media reports, 500 Lottery announced today that it had received notification from the New York Stock Exchange on July 1, 2020 that it had failed to submit its annual report for 2019 as of December 31, 2019.

On June 15 this year, 500Lottery submitted an application to the Securities and Exchange Commission (SEC), delaying the submission of the 2019 annual report. According to the application, the 500 Lottery Network should submit its 2019 annual report by June 30, 2020. However, up to now, 500 Lottery Network has not been able to submit the report.

The annual report 2019 will be submitted after meeting the following three conditions: 1) completion of the previously announced internal investigation; 2) finalization of the annual financial statements as of December 31, 2019; and 3) evaluation of the internal control of the company's financial reporting as of December 31, 2019, completed by 500Lottery and independent certified public accounting firm Friedman LLP.

The 500 Lottery Network also said that it is not yet possible to determine the exact date for the submission of the 2019 annual report. In addition, if the report is not submitted within the grace period, the NYSE may initiate a suspension and delisting process in the future.