Among the three brothers of electric cars, only NIO Inc. achieved a slight increase of 0.34% in late trading; JD.com will hold about 68.73% of JD Health through its subsidiary; and Yunji Inc rose nearly 15%, soaring 119% in two days.

U. S. stocks closed mixed on Wednesday, with both the Dow and S & P closing lower, and the Nasdaq closing at a record high. Hot US-listed stocks also closed lower on Wednesday. The holiday is coming and trading is light. Thursday is a Thanksgiving holiday in the United States, and U. S. stocks will be closed for one day.

The specific performance is as follows:

In large-scale U.S.-listed stocksBABA is down 0.8%; Baidu, Inc. is down 1.22%; JD.com is down 1.77%; NetEase, Inc is down 3.81%; Pinduoduo is down 5.59%; Qutoutiao is down 4.69%; NIO Inc. is up 0.34%; Bilibili Inc. is down 1.32% and Dada is up 17.77%.

Among other Chinese stocksNew oxygen fell 9.41%; for example, 6.17%; Yunmi fell 8.76%; 21Vianet Group Inc rose 20.37%; ANDATEE CHINA MARI rose 168.12%; small-cap medium-cap stocks rose again, with Anpaike up 104%, MMTEC Inc up 67.5% and ZK International Group Co Ltd up 30.29%.

Focus review

• The new car-building power stalled. XPeng Inc. fell 9%, ideal fell more than 7%, and NIO Inc. rose slightly.

The three newly rich electric cars, who just experienced a soaring rise a few days ago, suffered a setback on Wednesday.$XPeng Inc. (XPEV.US) $跌9%，$Li Auto Inc. (LI.US) $Down 7.37% to just$NIO Inc. (NIO.US) $With a slight increase of 0.34% in late trading, the combined market capitalization of the three companies fell by more than $7 billion.

Researchers believe that in the short term, there is a certain bubble in the concept stocks of new energy vehicles, but from a medium-to long-term point of view, the slopes of new energy vehicles will be long and snowy in the next few years. It is suggested that investors should pay attention to risk control in the short term and lay out some targets which are still in a low position and have a large expectation difference.

• MINISO Group rose nearly 11%, and his market capitalization returned to 6 billion US dollars.

$MINISO Group (MNSO.US) $It rose nearly 11%, bringing the market capitalization back to $6 billion. MINISO Group has accelerated its expansion in Europe and other markets around the world, opening more than 20 stores in Asia, Africa and the US since October, and plans to open several more by the end of the year.

• JD.com: will hold about 68.73% of JD Health's shares through its subsidiary

JD Health issued a prospectus on the proposed spin-off and global offering on 26 November 2020. As disclosed in the prospectus, the total number of JD Health shares applied for in the global offering plan will be 381900000 shares. JD Health's market capitalization will be between HK $196,381 million and HK $220,709 million.$JD.com (JD.US) $Approximately 68.73% of JD Health's total issued share capital will be held upon completion of the global offering through a wholly-owned subsidiary.

• Goldman Sachs Group: put BABA on the list of "sure to buy"

Goldman Sachs Group issued a report saying that based on its core merchant products$BABA (BABA.US) $With a leading position in e-commerce, the bank is optimistic about the company's ability to take advantage of its infrastructure and the progress of its new business in new business development, maintain its "buy" rating, put it on the "sure buy" list, and set up$BABA-SW (09988.HK) $The target price is HK $352.

The bank quoted BABA's management as saying that it would ensure compliance with antitrust requirements and was committed to eliminating fraud and misconduct on its platform, and the antitrust regulations were expected to have a limited impact on the company's long-term prospects.

• Yunji Inc rose nearly 15%, soared 119% in two days, and announced the signing of a cooperation framework agreement with Douyin.

$Yunji Inc (YJ.US) $It rose nearly 15%, soared 90% on Tuesday, and soared 119% in two days. Yunji Inc announced today that the company has signed a cooperation framework agreement with its live streaming platform Douyin.

• Ruhan Holdings fell more than 6% and was privatized by three founders.
  

$Ruhan Holdings (RUHN.US) $After closing down 6.17%, the company announced on Wednesday that it had received a preliminary non-binding privatization proposal from its three founders, offering to take the company private at a price of 68 cents per share ($3.40 per ADS), with a potential increase of 12.2 percent from Monday's closing price. It is worth noting that Ruhan Holdings' IPO price is $12.50, while the privatization price is only $3.40, which is 72.8% less than the recruitment share price.

• So-young International Inc dropped 9%. The average number of monthly active users of Q3 increased by 153.7% compared with the same period last year.

$So-young International Inc (SY.US) $It closed down 9.41% after announcing before trading on Wednesday that total revenue in the third quarter was 359.6 million yuan, up 18.9% from a year earlier. The net profit of non-US GAAP is 26.4 million yuan; the average number of mobile monthly active users is 8.7 million, an increase of 153.7% over the same period last year.