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However, on the positive side, Weilai’s sales continued to exert strength. In June, 3740 vehicles were delivered, a year-on-year increase of 179%.

2) OneConnect

OneConnect (OCFT.US) has continued to rise sharply, following the adjustments of the financial and insurance sectors, it plunged 16.19% this week.

OneConnect was listed on the New York Stock Exchange in December 2019. In the 2017-2019 fiscal year, the net loss of OneConnect was 607 million yuan, 1.196 billion yuan, and 1.661 billion yuan. The net loss in the first quarter of fiscal 2020 is 415 million yuan, and OneConnect has continued to lose money so far.

Second, key industry company news

1) Ali Retail Access entered the community group buying, and once again met with Meituan

Alibaba’s retail business department is currently preparing to establish a new community group buying department. The person in charge, Zou Zhijun, has been in place not long ago, with the rank of P10, reporting to Lin Xiaohai, general manager of the retail business department. “Zou’s team is still being built.” said a person close to Ali.

It is worth noting that this is another large company entering the field after Meituan announced the establishment of the “Preferred Business Unit” in early July and entered the community group buying business. Meituan and Ali once again faced each other.

2) Weilai’s share price has dropped by more than 4%, the new pure electric coupe EC6 is expected to be listed next week

NIO closed down 4% on Thursday to $12.94. After the market, it still fell 1%, and it has been callback for two consecutive days. Since July, Weilai’s share price has risen 67%. It is reported that Weilai’s new pure electric coupe SUV EC6 will be launched at the Chengdu Auto Show next Friday (July 24), and it is scheduled to be delivered in September this year.

3) was named by 315, Qutoutiao’s closing stock price plummeted 23% on Thursday

Qutoutiao’s closing stock price fell 23.04% on Thursday to close at $2.84. Last night, the CCTV 315 evening party exposed the chaos of Qu Toutiao advertising. CCTV’s investigation found that there were many illegal and illegal advertisements on the Qu Toutiao platform, suspected of false promotion.

Friday morning, Qu Toutiao announced a rectification: strict governance and suspension of the head of advertising operations. From now on