Li Auto Inc. 's market capitalization is close to NIO Inc.; Taiwan Semiconductor Manufacturing Co Ltd's 3nm process plans for risk trial production next year, which is expected to advance large-scale mass production; Pinduoduo's first online "Zhenxiang Festival" will provide 100 million cash for targeted subsidies; TAL Education Group Q1 turned losses into profits in fiscal year 2021.
On Thursday (July 30), U. S. stocks opened low and closed higher, with the Nasdaq closing higher and the Dow down more than 200 points. At one point, the Dow fell more than 500 points as us GDP plunged more than 30% in the second quarter and large technology stocks fell one after another.
On the same day, most US-listed US-listed Chinese stocks closed down, with 98 rising and 166 falling.
The specific performances of popular US-listed stocks are as follows:
In large-scale U.S.-listed stocksBABA is up 0.11%; Baidu, Inc. is down 1.52%; JD.com is down 0.48%; NetEase, Inc is down 0.26%; Pinduoduo is up 1.08%; NIO Inc. is down 3.94%; Bilibili Inc. is down 1.13%.
Other aspects of China-listed stocksTaoping Inc, Mogu Inc, Li Auto Inc., CBAK Energy Technology Inc and Concord Medical Services Holdings Ltd were among the top gainers, with Mogu Inc up 59.09%; Li Auto Inc. up 43.13% to $16.46 on its first day of trading; and Taoping Inc up 331.5%.
On the other hand, the biggest declines are: blue City Brothers, WiMi Hologram Cloud Inc, ZK International Group Co Ltd and other 10 stocks led the decline, of which Lancheng Brothers fell 13.44%.
Focus review
Li Auto Inc. 's first hanging up more than 43%! The market capitalization is close to NIO Inc.; major shareholder Wang Xinglian sent 26 messages to support it.
July thirtieth$Li Auto Inc. (LI.US) $Officially log on to NASDAQ. At this point, US stocks ushered in the second new force of Chinese car-making listed after Ji Wei came. Li Auto Inc. 's intraday share price was nearly 50% higher than its offering price ($11.50 per share), with a market capitalization of more than $14.8 billion at one point. It also surpassed NIO Inc. Automobile, a new car company listed on the same US stock market.
Li Auto Inc. gathered the investments of Wang Xing and Zhang Yiming. So far, Wang Xing and his related party, Meituan, have a combined ideal stake that has risen from 23.4% to 24%, surpassing Li Xiang's 21%, making him the ideal largest shareholder. Wang Xing has expressed his optimism for Li Auto Inc. on his personal food no website for many days in a row. Since June 30, Wang Xingyi has released a total of 26 comments referring to Li Auto Inc., including several forwarded to other bloggers for positive comments on Li Auto Inc..
TAL Education Group turned from deficit to profit in fiscal year 2021, and revenue increased by 35.2% compared with the same period last year.
The first quarter$TAL Education Group (TAL.US) $Revenue surged about 35 per cent year-on-year to $910.7 million, exceeding the company's previous expectations and turning a profit, with a net profit of $81.7 million. In a single quarter, TAL Education Group set an all-time high, earning more than $900m in a single quarter and gradually returning to a growth rate of more than 30 per cent.
However, TAL Education Group's Q2 revenue guidance fell short of market expectations, with second-quarter revenue expected to be between $1.0776 billion and $1.105 billion, below the average market forecast of $1.24 billion.
Taiwan Semiconductor Manufacturing Co Ltd 3nm process plans risk trial production next year, and is expected to advance mass production.
According to foreign media reports, after the mass production of the 5nm chip process in the second quarter,$Taiwan Semiconductor Manufacturing Co Ltd (TSM.US) $The next process focus will be on the more advanced 3nm process, which is expected to be mass produced ahead of their expectations. In the second quarter earnings analyst conference call, Taiwan Semiconductor Manufacturing Co Ltd CEO Wei Zhijia once again talked about the 3nm process and reiterated that it is progressing smoothly and plans for risk trial production in 2021 and mass production in the second half of 2022.
Pinduoduo launched the first "Zhenxiang Festival" and will give 100 million cash for targeted subsidies.
July twenty _ ninth$Pinduoduo (PDD.US) $Announced the launch of the first "Zhenxiang Festival", the platform will take out 100 million yuan in cash to targeted subsidies for brand goods marked as "Zhenxiang" by netizens. On the day of the launch of the Zhenxiang Festival, Wang Jingze, the protagonist of the online joke "Zhenxiang", also came to Pinduoduo's 10 billion subsidized live studio to share his experience of "Zhenxiang" in online shopping and try out online celebrity food, attracting more than 3 million netizens to watch and place orders online at the same time.
The person in charge of Pinduoduo's business said, "Pinduoduo will continue to invest 10 billion yuan in subsidies and design different ways of playing and subsidies for different groups. The ultimate goal is to let each group find benefits and fun here, and celebrate double 11 every day."
Six shares equals one share! Taoping Inc, a demon stock, soared by 330%.
$Taoping Inc (TAOP.US) $The closing price soared 330%, triggering a circuit breaker several times during the session. It is reported that Taoping Inc's six shares into one share came into effect yesterday, and the purpose of the partnership is to raise the trading price per share of the company's common shares to meet the minimum purchase price of $1 for continued listing on the Nasdaq stock market.
Risk hint: there is no limit on the rise and fall of the US stock market, and there are many sharp rises and falls in small market capitalization stocks, so investors should be on guard against volatility risks.
Edit / Phoebe