TencentSecurities on August 1, US stocks staged a V-shaped reversal on Friday, with all three major stock indexes closing higher, thanks toApple、Amazon、Facebook IncAnd so on, the share prices of large technologies have soared.
Most US-listed Chinese stocks closed down, with 132 rising and 138 falling.
As of press time, most well-known Chinese stocks have risen, of whichAlibabaIt fell 0.68 per cent to $251.02.BaiduAt $119.40, an increase of 1.19%JingDongAt $63.79, an increase of 2.41%NetEaseAt $458.42, an increase of 1.6%SinaAt $40.35, an increase of 0.98%Sina Weibo CorpAt $34.56, an increase of 1.2%PingduoduoAt $91.80, an increase of 8.08%QutoutiaoAt $3.08, an increase of 8.07%NIO Inc.It fell 2.13% to $11.94.iQIYIAt $21.10, an increase of 2.13%Xunlei LtdIt fell 1.86% to $3.69.MOMOAt $18.47, an increase of 1.04%JOYY Inc eraAt $79.82, an increase of 5.88%HUYA Inc.At $24.32, an increase of 3.8%bilibiliAt $43.58, an increase of 5.52%Autohome IncIt was at $87.65, an increase of 2.37%.
In other Chinese stocksO2Micro International Ltd，Planet Green Holdings Corp，Sohu，Hebron Technology，Cango，IClick Interactive Asia Group Limited，Weidai Ltd，Happiness Biotech Group Limited，I-MAB，Origin Agritech LtdAmong the top 10 stocks, Bump Science and Technology rose 48% to US $3.33, Planet Green Holdings Corp US $2.28, up 23.24%, Sohu.com Ltd US $22.97, up 19.51%, Hebron Science and Technology US $17.30, up 12.7%. Cango reported $5.61, up 12.65%.
On the other handTaoping Inc，Kandi Technolgies，CBAK Energy Technology Inc，Mogujie，Wah Fu Education Group Ltd，Aesthetic Medical International，Dragon Victory International Ltd，Luokung Technology Corp，Color Star Technology Co Ltd，Suihuijin InternationalAmong the top 10 stocks, Taoping Inc fell 58.18% to US $3.68; Kandi Technolgies fell 16.63% to US $7.22; Mogu Inc fell 12.86% to US $3.05; and Wah Fu Education Group Ltd fell 11.57% to US $0.870.
Recent news on US-listed stocks is as follows:
Mogu Inc's revenue in fiscal year 2020 was 835 million yuan, down 22.2% from the same period last year. The net loss attributable to shareholders was 2.224 billion yuan, and the net loss for fiscal year 2019 was 1.085 billion yuan. The loss per ADS was 20.45 yuan and 21.74 yuan in fiscal year 2019.
July 31stSogouThe company's board of directors has set up a new special committee of three independent directors to consider and evaluate Tencent's initial non-binding offer, it was announced on Friday. Sogou's board of directors received a letter from Tencent on July 27, 2020, which included a non-binding acquisition offer from the latter. In the proposal, Tencent offered to buy all the outstanding common shares of Sogou that are not already owned by Tencent or his affiliates for $9 a share in cash or ADS (American depositary shares).
XPeng Inc., a Chinese electric carmaker, plans to list in the US as early as mid-August with an IPO of at least $700m, according to people familiar with the matter.
The Securities and Futures Commission issued a statement onLUCKN COFFEE DRCNotification of the investigation and disposal of financial fraud: a prior notice of administrative punishment has been served on LUCKN COFFEE DRC's parties involved in financial fraud.