Tencent sent out an invitation for the merger of DouYu International Holdings Limited and HUYA Inc., and sources said DouYu International Holdings Limited executives would manage the new company; Sogou CEO Wang Xiaochuan said he had set up a special committee to evaluate Tencent's acquisition proposal; and New Oriental Education & Technology Group was revealed to be considering a secondary listing in Hong Kong to raise at least $1 billion.

Trump signed a "shrunk version" of unemployment assistance to boost market confidence. On Monday (Aug. 10), U. S. stocks closed in a split direction. By the close, the Nasdaq was down more than 0.4%, or 42.62 points, at 10968.36; the Dow was up nearly 360 points, or 1.3%, at 27791.44; and the S & P 500 was up 9.19, or 0.27%, at 3360.47.

In terms of US-listed Chinese stocks, most US-listed stocks closed down, with a total of 124 rising and 143 falling.

The details of the hot Chinese stocksThe performance is as follows:

Among large-scale Chinese stocks, NIO Inc. was at $14.21, up 5.89%; Sina Weibo Corp was at $35.36, up 2.88%; NetEase, Inc was at $456.38, down 2.17%; BABA was at $248.13, down 1.57%; JD.com was at $61.49.

For other hot Chinese stocks, JOYY Inc Times rose 5.59% to $77.57, Momo Inc rose 3.44%, HUYA Inc. fell 9.83%, Xunlei Ltd fell 6.1% to $3.85, and Qutoutiao fell 2.6% to $3.00.

Sohu.com Ltd, Tianhua Sunshine, China Index Holdings Ltd, Hebron Technology, Leju Holdings Ltd, Molecular Data Inc., who learned from DouYu International Holdings Limited, ColorStarTechnology, Chinatown supermarket and other 10 stocks led the decline, with Sohu.com Ltd at US $20.19, down 14.77% and Leju Holdings Ltd at US $2.62, down 10.27%.

Focus review

• NIO Inc. led the sales of Q2, and the new force of car building won the championship from January to July.

It is understood that NIO Inc. achieved a very good sales performance in the second quarter, delivering a total of 10331 vehicles (an increase of 159% over the same period last year), which is the first time that it has exceeded 10,000 in a single quarter, while also exceeding the upper limit of management's previous guidelines for delivering 9500-10000 vehicles. From the monthly data, the 2020Q2 delivery level is also rising month by month, showing a significant growth momentum.

The new car-building force released its sales from January to July, with NIO Inc. (first with 17691 vehicles) and XPeng Inc. at the bottom, delivering only 8009 electric vehicles.

• Tencent sent out an invitation for the merger of DouYu International Holdings Limited and HUYA Inc., and the source said that DouYu International Holdings Limited's senior management would manage the new company.

DouYu International Holdings Limited announced yesterday that his board of directors had received a non-binding preliminary proposal issued by Tencent on the 10th, proposing a stock-for-stock merger between DouYu International Holdings Limited and HUYA Inc.. HUYA Inc. will acquire each of DouYu International Holdings Limited's issued common shares (including common shares represented by American depositary shares).

If the acquisition goes through, DouYu International Holdings Limited's senior management team will become the new company's executive team. In this regard, a number of people close to the deal said that Tencent did put forward a proposal to promote the merger of DouYu International Holdings Limited and HUYA Inc., and the proposal had risen to the level of Tencent's General Office. "if it's fast enough, it can be done by the end of the year. "said a person close to the deal.

• It was revealed that New Oriental Education & Technology Group was considering a secondary listing in Hong Kong, raising at least US $1 billion.

New Oriental Education & Technology Group has selected three banks to arrange his planned secondary listing in Hong Kong, which could raise at least $1 billion, and New Oriental Education & Technology Group is working with Bank of America Corporation, Credit Suisse and UBS on the deal, Bloomberg reported.

New Oriental Education & Technology Group listed in the United States in 2006, becoming the first education and training institution for Chinese mainland to be listed overseas. This year's COVID-19 epidemic has had a negative impact on New Oriental Education & Technology Group's performance in the first half of the year.

• Ideal ONE todaySales of 2516 vehicles in July 2000, an increase of 33% over the previous month

According to the newly released retail data of CNAC data terminal, ideal ONE sold 2516 vehicles in July 2020, up 33% from June. Ideal ONE sold a total of 12182 vehicles from January to July 2020, surpassing Lexus RX 450h, NIO Inc. ES8, Porsche Cayenne E-Hybrid, etc., and continued to maintain the first place in China's large-scale new energy SUV market (including hybrid, plug-in hybrid, pure electric, plus electric).

CNAC data terminal retail data also show that the cumulative sales of ideal ONE have reached 13193 since it was delivered in December last year.

• Sogou Wang Xiaochuan: a special committee has been set up to evaluate Tencent's acquisition proposal.

After Sogou released his unaudited financial report for the second quarter, the management of Sogou CEO Wang Xiaochuan and CFO Zhou Yi attended the subsequent conference call. In a subsequent statement, CEO Wang Xiaochuan revealed the latest progress of the deal.

"not long ago, Sogou received a preliminary non-binding offer from Tencent," he said. According to the proposal letter, Tencent will acquire all issued common shares of Sogou, including Sogou's issued common shares on behalf of ADS, for US $9 per common share or ADS (American depositary shares). We are very grateful to Tencent for her recognition of our technology and innovation capabilities, and we have set up a special committee to evaluate Tencent's proposal. We will try our best to protect the interests of our shareholders. "