According to Futu News on July 1, the three major US stock indexes fluctuated in a narrow range after opening higher. The Dow is up 0.49%, the Nasdaq is up 0.42%, and the S & P 500 is up 0.57%.

NIO Inc. rose nearly 2%, and its intraday share price hit a new 15-month high. In addition, NIO Inc. has increased by more than 90% this year.

Pinduoduo fell 2.96%. Huang Zheng issued a letter to all members of the company saying that from July 1, 2020, I will no longer serve as PDD.O CEO. Chen Lei, the company's co-founder and CTO, will take over as CEO. At the same time, the company appointed Zhu Jianyu, senior vice president, as the company's chief legal officer (General Counsel), and Ma Jing as vice president of finance. I will continue to be chairman of Pinduoduo. Pinduoduo will continue to establish and improve the partnership system. I will allocate 370772220 common shares (about 7.74% of the total shares of the company) of Pinduoduo listed company under my personal name to the Pinduoduo partner group.

Learn from whom to lose 8.88%. Goldman Sachs Group downgraded his rating to neutral from buy and raised his target price to $57 from $50.

TAL Education Group rose 0.26%. Goldman Sachs Group raised the target price of TAL Education Group Education Group (TAL.N) from $64 to $75. TAL Education Group submitted his annual report to SEC on June 30th, which ended February 29th, 2020. TAL Education Group's revenue in fiscal year 2020 was 3.2733 billion US dollars, an increase of 27.7 percent over the same period last year. The net loss for fiscal year 2020 was $110.2 million and the net profit for fiscal year 2019 was $367.2 million. Non-GAAP net profit was $7.7 million, compared with $444.5 million in fiscal year 2019.

Huazhu fell 2.72%. Huazhu Hotel announced its results for the first quarter of 2020, which ended March 31. Revenue in the first quarter was 2.013 billion yuan (in RMB, the same below), down 15.7% from the same period last year. The net loss was 2.135 billion yuan, compared with a net profit of 100 million yuan in the same period last year. The diluted loss per ADS was 7.46 yuan, compared with earnings per share of 0.36 yuan in the same period last year. Huazhu expects second-quarter revenue to fall 32 to 34 per cent or 35-37 per cent year-on-year.

Tencent Music rose 0.07%. According to third-party public statistics, China's digital music albums bucked the trend in terms of quantity and sales in the first half of the year. As of June 15, 2020, a total of 62 digital music albums had been sold in China, an increase of 12.7% over the same period last year. Overall sales exceeded 300 million yuan, an increase of 78.78% over the same period last year.

The three major music platforms of Tencent Music Entertainment Group (QQ Music, KuGou Music and Kuwi Music) are still the platforms with the largest number of films, and the number of specialties sold exclusively by them has already exceeded half of the total number of films distributed online. Sales accounted for 78% of the total digital album sales in the first half of this year, almost four times that of the second place NetEYun Music, and increased by 92.1% compared with the same period last year, nearly doubling. In the part of non-exclusive digital albums, TME also accounts for 61% of the sales of the whole network and firmly occupies a leading position in the industry.