Futu News on July 8, today's hot Chinese stocks rose across the board, NIO Inc. rose more than 11%, the stock price reached an all-time high, with a market capitalization of more than 17 billion US dollars.

Niu Technologies rose more than 5% and earlier announced that he would sell 160138 electric scooters in the second quarter, an increase of 61.2% over the same period last year. The new product G0, sold at a discount of 1999 yuan on its own e-commerce platform, has boosted sales in China by 81 per cent year-on-year since mid-May.The number of electric scooters sold in the international market fell by 62.3% to 5179.

Bilibili Inc. has increased by more than 4% and has signed an exclusive contract with the director of the famous gaming circle UP for a period of 5 years. According to people familiar with the matter, in order to sign Director Huiao, Bilibili Inc. offered a price as high as 40 million yuan. Starting from July 1, all the contents of ao's factory director, including video and live broadcast, will be updated exclusively in Bilibili Inc.. Bilibili Inc. responded that he had signed an exclusive contract with ao factory director, but denied the amount of the signing fee. ParallelThere are a lot of rumors in the market now, and many of them are made up to disturb the market.

BABA rose 4%, and foreign media reported that Ant Financial Services Group would be listed in Hong Kong as soon as this year, with a valuation of US $200 billion. To thisAnt Financial Services Group responded that the news was not true.

JD.com rose 2.8%. JD.com International plans to lay out Hainan Free Trade Port and carry out cross-border retail import business. at the same time, JD.com International Duty-free Store or experience Store may be opened. Analysts say duty-free business can add new value-added business channels for enterprises and, to some extent, stimulate commodity sales.

Pinduoduo rose slightly.BoCom International believes that Pinduoduo's ability to achieve BABA's GMV market position of about 1 GMV 3 in the short term has been recognized by investors.The key to the improvement of future valuation lies in whether it can further narrow the market share gap and continue to improve its liquidity, and gradually achieve profitability.Maintain the buy rating.