Scan of Chinese stocks： A total of 174 Chinese stocks in US stocks fell overnight. kering’s second-quarter revenue was lower than expected.

Three major US stock indexes overnightfall,S&P 500 indexIt fell 2.31% to 5427.13 points.Nasdaq composite indexIt fell 3.64% to 17,342.41 points.Dow Jones industrial averageIt fell by 1.25% to 39,853.87 points.

Among the US stocks overnight,A total of 95 Chinese stocks rose and 174 Chinese stocks fell..

Popular Chinese stocksAmong them, Pinduoduo fell by 0.91%, Alibaba by 0.39%, Netease by 1.16%, JD.COM by 1.64%, Baidu by 1.79%, New Oriental by 1.63%, Billy by 2.56% and Iqiyi by 3.17%.

New forces of building carsAll fell, LI fell by 4.61%, Weilai fell by 4.02% and Xpeng Motors fell by 4.17%.

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Kering’s second-quarter revenue was lower than expected.

Kering’s revenue in the second fiscal quarter was 4.551 billion euros, and analysts expected 4.67 billion euros; In the second fiscal quarter, same-store sales fell by 11%, and analysts expected a decline of 9.36%; In the second fiscal quarter, Gucci sales fell by 19%, and analysts expected a decline of 15.9%; It is estimated that the income from continuing operations in the second half of the year may drop by about 30% year-on-year.

He Xiaopeng comments on Tesla FSD: The end-to-end big model can realize L4 automatic driving.

At the earnings conference call in the early morning of July 24th, elon musk, CEO of Tesla, said that he would apply for regulatory approval in Europe and China to implement the supervised FSD, which is expected to be approved before the end of this year. As soon as this statement comes out, FSD’s entry into China and its impact on China’s intelligent driving ecology have once again aroused discussions inside and outside the industry. He Xiaopeng, chairman of Xpeng Motors, said on his personal social platform: "This year’s FSD and Tesla Autopilot are completely different in terms of their abilities, and I appreciate it very much. Recently, I talked to several L4 bosses end-to-end. They all think that end-to-end is the best route for L2 driver assistance or L3 autopilot, but it is definitely not the best choice for L4. I really think that end-to-end and big models will eventually drive to L4. " (Yicai)

Lufax: The deadline for option and performance unit holders to send comprehensive documents was extended to August 30th.

Lufax and China Ping An jointly announced that due to the need for additional time to determine some information to be included in the comprehensive document, including but not limited to the details of Lujin Institute’s US offer, they have applied to the executive for their consent to extend the deadline for sending the comprehensive document in accordance with Rule 8.2 of the Takeover Code. The executive has indicated that it intends to grant consent to extend the deadline for sending comprehensive documents (together with the acceptance form) to independent lufax shareholders, lufax option holders and lufax performance share holders to August 30, 2024 or before.

JD.COM will issue a stable currency based on public blockchain and linked to the Hong Kong dollar at 1:1 in Hong Kong.

According to 21st century business herald, JD.COM will issue a cryptocurrency stable currency linked to the 1:1 Hong Kong dollar in Hong Kong. According to official website information of JD.COM Coinlink, a subsidiary of JD.COM Science and Technology Group, JD.COM Stable Coin is a stable currency based on public chain and linked to the dollar (HKD) at 1: 1. It will be issued in public blockchain, and its reserve consists of highly liquid and credible assets, which are safely stored in independent accounts of licensed financial institutions. The integrity of the reserve will be strictly verified through regular disclosure and audit reports. Prior to this, on July 18th, the Hong Kong Monetary Authority announced the "sandbox" participants list of stable currency issuers, including JD.COM Coinlink.

JD.COM: A stable currency based on public blockchain and linked to the HK$ 1:1 will be issued in Hong Kong.

JD.COM will issue a cryptocurrency stability currency linked to the HK$ 1:1 in Hong Kong. According to the information of JD.COM Currency Chain Technology (Hong Kong) official website, a subsidiary of JD.COM Science and Technology Group, JD.COM stable currency is a stable currency based on public chain and linked to the dollar (HKD) at 1: 1. It will be issued in public blockchain, and its reserve consists of highly liquid and credible assets, which are safely stored in independent accounts of licensed financial institutions. The integrity of the reserve will be strictly verified through regular disclosure and audit reports. Prior to this, on July 18th, the Hong Kong Monetary Authority announced the "sandbox" participants list of stable currency issuers, including JINGDONGCoinlink. (21 Finance)

Moore Thread signed a strategic cooperation with Baidu Map.

On July 24th, according to Moore Thread, Moore Thread and Baidu Map recently formally signed a strategic cooperation agreement. According to the cooperation agreement, the two sides will actively carry out in-depth and extensive continuous cooperation around the construction of the digital twin map project to jointly promote the application and scale of the digital twin map solution. (Interface)

Jeffrey: Baidu’s Robotaxi business may stand out from the competition.

In a research report, Jefferies Group analysts quoted an industry expert as saying that Baidu’s Robotaxi business may stand out from the competition because of its wide geographical coverage, technology and resources. They believe that in the next few years, the potential market size of Robotaxi may reach 1 trillion yuan, while Baidu occupies a leading position in 11 cities, with more than 6 million rides. They said that investors should pay attention to key indicators such as average order value, subsidy, safety cost and depreciation, and added that the key factor to achieve the balance of unit economy is the proportion of completely unmanned orders. Jefferies maintains its Buy rating on Baidu and maintains its target price at HK$ 168.00.

Tuniu: Summer parent-child and summer tourism are hot. In July, "Member Day" GMV exceeded 73 million.

According to the report released by Tuniu, since the summer vacation, Beijing, Shanghai, Guangzhou, Nanjing and other destinations have been favored by parent-child customers, and the summer vacation products in northwest and northeast China, including Guizhou, are in hot demand. Tourists’ demand for outbound travel has also ushered in a concentrated release in the summer, and the consumption of tourism has risen rapidly. In July, the GMV of Tuniu’s "Member Day" exceeded 73 million, of which the GMV of holiday products was nearly 60 million, up 64.1% year-on-year and 46.3% quarter-on-quarter.