Futu News on August 11, the three major US stock indexes fluctuated in a narrow range, with the Dow up more than 300 points, or 1.14%, the S & P 500 up 0.26% and the Nasdaq down 0.68%. Hot Chinese stocks are up and down.

NIO Inc. fell to 3.17 per cent after rising more than 8 per cent at one point. The company released Q2 results in pre-market trading. The company's revenue in the second quarter was 3.72 billion yuan, compared with 1.508 billion yuan in the same period last year. The gross profit margin was 8.4%, compared with-33.4% in the same period last year, which is NIO Inc. 's first quarterly gross profit margin in six years. Car deliveries were 10331 in the second quarter, compared with 3553 in the same period last year. Car sales in the second quarter were 3.486 billion yuan, compared with 1.415 billion yuan in the same period last year. Revenue in the third quarter is expected to be 4.048 billion yuan to 4.212 billion yuan.

Tencent ADR rose 2%. The company will release its financial report tomorrow. Goldman Sachs raised Tencent's target price to HK $556 and expected to earn 25 per cent more under non-GAAP in the next quarter.

Pinduoduo rose 1.51%. The company will report its unaudited financial results for the second quarter of 2020 before trading on August 21, 2020. In addition, data analysis platform Sensor Tower recently released the global ranking of non-game APP downloads in July 2020. According to the list, Pinduoduo ranked ninth in the list of downloads of Apple Inc apps in the global market in July, making it the only Chinese app on the list and the most downloaded by Apple Inc mobile phone users in China.

Bilibili Inc. 's decline narrowed to 0.21%. The results for the second quarter of 2020 will be released after trading on August 26.

HUYA Inc. fell 2.58 per cent. HUYA Inc. 's total income from Q2 increased by 34.2% year-on-year to 2.697 billion yuan. Under non-US GAAP, the net profit attributed to HUYA Inc. was 351 million yuan, an increase of 106.0 per cent over the same period last year. In the second quarter, the MAU and mobile MAU of HUYA Inc. LVB were 168.5 million and 75.6 million respectively, up 17.1% and 35.2% respectively over the same period last year.

IQIYI, Inc. fell 1.28%. IQIYI, Inc. is in discussions with Credit Suisse about a possible secondary listing in Hong Kong, Dealreporter quoted two sources as saying. The discussions are still at an early stage and there is no timetable or deal size. In response, iQIYI, Inc. replied: no comment.

Tencent Music fell 1.63%. Tencent Music's revenue in the second quarter was 6.93 billion yuan (the same below), and the market is expected to be 6.86 billion yuan, compared with 5.9 billion yuan in the same period last year. Online music subscription revenue in the second quarter rose 64.7 percent year-on-year to 1.31 billion yuan, while revenue from social entertainment services and other services was 4.71 billion yuan.

The net profit in the second quarter was 939 million yuan, and the market is expected to be 883 million yuan, compared with 927 million yuan in the same period last year; earnings per share in the second quarter were 0.28 yuan, compared with 0.28 yuan in the same period last year; and the number of monthly music users on the mobile phone in the second quarter was 651 million, down 0.9 percent from the previous quarter.