According to Futu News on July 31, the three major indexes of US stocks opened high and went low. As of press time, the Dow index fell 0.2%, while the Nasdaq index narrowed down to 0.8%.

Pinduoduo rose nearly 7% to stand above the $90 mark. A few days ago, Pinduoduo announced the launch of the first "Zhenxiang Festival". The platform will take out 100 million yuan in cash to provide targeted subsidies for brand goods labeled as "Zhenxiang" by netizens.

Sohu.com Ltd rose more than 4% and his share price doubled in six trading days.

Bilibili Inc. rose by more than 2%. It is reported that Bilibili Inc. held a press conference on new game products today and launched 11 new mobile games, which will launch the first test and online experience version one after another.

Mogu Inc dived after opening 27% high, fell more than 10%, and triggered a circuit breaker three times during the session. On July 29th, Mogu Inc submitted to the U.S. Securities and Exchange Commission (SEC) its annual report on 20murf for the fiscal year 2020 ended March 31, 2020, disclosing the results for fiscal year 2020 and the latest shareholding structure.

Mogu Inc's revenue for fiscal year 2020 was 835 million yuan, down 22.2% from the same period last year. The net loss for shareholders was 2.224 billion yuan, and the net loss for fiscal year 2019 was 1.085 billion yuan.

Taoping Inc, who soared 331 per cent yesterday, fell sharply today, falling more than 42 per cent as of press time. 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.