BABA CEO Zhang Yong: in the next five years, we will achieve a consumption scale of 10 trillion yuan on the BABA platform; Baidu, Inc. has reached a strategic cooperation with Pudong Development Bank and will have in-depth cooperation in financial technology and other fields. Bilibili Inc. was rumored to be listed in Hong Kong for a second time, and the share price rose by more than 3%.

Chinese stocks generally rose at the start of trading on Thursday, with a total of 22 stocks rising, 1 closing flat and 9 closing down.

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

In large-scale U.S.-listed stocksAlibaba rose 1.51%, Pinduoduo fell 2.23%, JD.com rose 3.03%, NetEase rose 6.31%, TAL Education Group rose 4.51%, Baidu, Inc. rose 1.45%, ZTO Express rose 2.74%, Tencent Music rose 3.92%, New Oriental Education & Technology Group rose 4.63%, who learned rose 12.34%, iQIYI, Inc. rose 1.09%, NIO Inc. 13.12%, Bilibili 3.34%, Trip.com fell 1.07%.

For other Chinese stocks, those who have increased significantly are as follows:Dianniu Finance rose 60.33%, Xiaobai Maimai Inc 31.88%, X Financial 27.50%, OneConnect Financial Technology 19.80%, Sogou 16.60%, eggshell apartment 15.06%, Sohu.com Ltd 10.99%.

On the other hand, the larger decreases are as follows:China Finance Online Co Ltd is down 21.86%, Puxin Ltd is down 17.91%, Ideanomics Inc is down 8.33%, and Qudian Inc is down 6.87%.

Focus review

• Bilibili Inc. was rumored to be listed in Hong Kong for a second time, and the share price rose by more than 3%.
  

According to foreign media reports, Bilibili Inc. intends to return to Hong Kong for a second listing. The company, backed by Chinese technology giants Tencent and BABA, listed on Nasdaq in March 2018 and has held preliminary talks with investment banks on the prospect of a secondary listing, according to people familiar with the matter.

Bilibili Inc., who currently has a market capitalization of $16.6 billion, is considering selling 5 to 10 per cent of his shares, one of them said. As the negotiations are at an early stage, it is not clear how much money the company intends to raise.

Bilibili Inc. can only be listed in Hong Kong next year, and under the city's listing rules, it must have a good regulatory compliance record for at least two fiscal years on another eligible exchange, people familiar with the matter said. Bilibili Inc. reportedly did not respond to comments sent via email.

At present, the company has not responded to this.

• Will NIO Inc. receive a credit line of more than 10 billion yuan? Response: subject to the announcement

People familiar with the matter have learned that NIO Inc. will receive a joint credit of 10 billion yuan from six major domestic banks and will sign a credit contract at NIO Inc. 's advanced manufacturing base in Hefei tomorrow.

The credit can be specifically referred to Tesla, Inc., which means that NIO Inc. can subsequently obtain low-interest loans from banks to support daily operations and even capacity construction.

NIO Inc. 's official response "won 10 billion yuan strategic investment from six major banks": it is not accurate, please wait for the news from the company.

However, NIO Inc. 's share price soared 13% on Thursday after the news.

• BABA CEO Zhang Yong: achieve a consumption scale of 10 trillion yuan on BABA platform in the next five years

BABA CEO Zhang Yong issued a letter to shareholders on July 10, Beijing time: our next goal is to serve 1 billion Chinese consumers, to achieve a consumption scale of 10 trillion yuan on BABA platform, and to move towards globalization in an all-round way. We hope to achieve this goal as soon as possible in the next five years.

In addition, Zhang Yong also said, "We will, as always, build the infrastructure facing the digital economy era, invest for the future, incubate for the future, and let BABA's innovation bring more beauty to the society." "

Based on small and medium-sized enterprises, focusing on "innovation" and "social value" is BABA's consistent answer in the face of uncertainty.

In this latest letter, Zhang Yong judged that the greatest certainty facing the future is the general trend of digitization of the entire economic and social life in an all-round way. "in the ever-changing wave of digitization, only those innovations that really go from zero to one, from scratch and continue to create value for customers can stand the test of history," he said. "

BABA's share price also rose 1.51% last night, reaching an all-time high, with a market capitalization of more than US $700 billion.

• Baidu, Inc. has reached strategic cooperation with Pudong Development Bank and will cooperate in depth in financial science and technology and other fields.

On the first day of the 2020 World artificial Intelligence Conference, Baidu, Inc. signed a strategic cooperation agreement with Pudong Development Bank to further deepen cooperation in artificial intelligence, financial technology and other fields.

The two sides will complement each other's advantages, realize the landing and empowerment of artificial intelligence technology in the financial field, and jointly create a new model for intelligent upgrading of financial enterprises. The president of the head office of Pudong Development Bank said that since 2017, Pudong Development Bank and Baidu, Inc. have formed deep cooperation and industry influence in many fields, especially the emergence of the first financial digital man.

Robin Li, chairman and CEO of Baidu, Inc., said that under the tide of new infrastructure, the integration of artificial intelligence and finance will accelerate. Baidu, Inc. and Pudong Development Bank will jointly promote the digital and intelligent upgrading of the financial industry, help more enterprises achieve intelligent transformation, and provide customers with more high-quality financial services.

• With whom to learn, the market value has risen by 12%, and the market capitalization has exceeded 20 billion US dollars.

The stock price continued to soar on Thursday, rising nearly 40% in three days, continuing to set an all-time high, with a market capitalization of more than $20 billion.

People's Daily posted a message from whom to learn so that college entrance examinees will not be left behind because of the interference of the epidemic. During the epidemic period, the majority of primary and secondary school students are unable to enter the school normally, especially the senior three students who are facing the college entrance examination. Therefore, online education has solved their urgent needs. During this period, online education institutions have adopted a variety of ways to provide teaching services for senior high school students, while many tutors have provided more question advice to students to ease their anxiety.