According to Futu News on January 22, the three major indexes of US stocks fell, with the Nasdaq down 0.38%, the S & P 500 down 0.57% and the Dow down 0.84%.

Among the new energy vehicle stocks, NIO Inc. and XPeng Inc. increased. NIO Inc. rose by more than 5% and XPeng Inc. by more than 4%.

Nomura first gave NIO Inc. a buy rating, with a target price of $80.30. NIO Inc. today announced the adjustment of users' lifetime free power exchange rights. Users who pay a deposit to buy NIO Inc. models from January 22nd, 2021, can enjoy free power exchange service four times a month if they choose free charging piles; if they choose to give up charging piles, you can enjoy six free power changes per month.

Deutsche Bank maintains XPeng Inc. 's buy rating with a target price of $58.

JPMorgan Chase & Co raised Tesla, Inc. 's target price from $105 to $125.

Baidu, Inc. rose by more than 2%. Baidu, Inc. will hold an interim shareholders' meeting on March 1, Beijing time to consider the split. At this special general meeting, Baidu, Inc. will submit a proposal for shareholders to consider and vote on, which is to split the company's authorized share capital at 1:80. Accordingly, Baidu, Inc. 's board of directors has approved the change of the proportion of Class A common shares represented by its ADS (American Depositary shares) from 1 Class A common share for every 10 ADS shares to 8 Class A common shares for every 1 ADS share, effective from March 1, 2021, and this change is subject to the approval of the aforementioned split proposal by the special general meeting.

For the holders of Baidu, Inc. ADS, the percentage of corporate equity represented by each ADS will not change, and the change in the proportion of Class A common shares represented by ADS will not affect the trading price of Baidu, Inc. ADS on the NASDAQ market. Holders of Baidu, Inc. ADS do not need to take any action on this ratio change.

In addition, it is reported that Baidu, Inc. has confirmed that he will submit an application for listing in Hong Kong or will issue shares at the same time as Bilibili Inc.. Baidu, Inc. responded: no comment.

Online education stocks vary, with whom to learn up more than 7%, 7 days tired up nearly 80%, youdao up more than 6%, 17 Education & Technology Group up more than 1%, TAL Education Group down nearly 5%, New Oriental Education & Technology Group fell more than 9%.

New Oriental Education & Technology Group fell by more than 9%. New Oriental Education & Technology Group released the financial report before the trading. The company's Q2 revenue in fiscal 2021 is $887.7 million, and the market is expected to be $885 million, compared with $785 million in the same period last year, up 13% from a year earlier. Adjusted earnings per ADS are 43 cents, compared with 36 cents a year earlier, and analysts expect 34 cents. The number of students who signed up is about 40.183, up 10.4% from the same period last year. As of November 30, 2020, the total number of schools was 117, a net increase of 20 compared with the same period last year; the total number of schools and learning centers reached 1518, a net increase of 214compared with the same period last year and a net increase of 46 over the previous quarter.

TAL Education Group fell nearly 5 per cent. China International Capital Corporation upgraded TAL Education Group's rating from being on a par with the big market to outperforming the big city. TAL Education Group reported net revenue of $1.1191 billion in the third quarter of fiscal 2021 on Thursday, up 35.0% from the same period last year. The net loss was $43.6 million, compared with a net profit of $19.6 million in the same period last year. Based on non-Non-GAAP, net profit was $10.4 million, compared with $49.7 million a year earlier.

In addition, with the end of autumn semesters around the country, primary and secondary school students across the country like to mention the longest winter vacation. It is reported that offline training in off-campus training institutions in Beijing has been suspended a few days ago. Affected by the epidemic, since January 16, Shanxi, Anhui, Inner Mongolia and other places have "suspended" offline teaching and training activities of off-campus training institutions. According to SkyEye survey data, as of October this year, there were 82473 new online education enterprises, accounting for 17.33% of the total education and training industry.