U.S. stocks closed down on Thursday: Tesla fell 37.5% this quarter, a record single-quarter decline, and Tuniu rose more than 26% against the trend – yqqlm

Beijing time on July 1st news, data showed that personal spending in May fell for the first time this year after taking into account inflation, US stocks closed lower.

The S&P is down about 21% this year, its worst first half since 1970. As of the close, the Dow fell 253.88 points, or 0.82%, to close at 30775.43 points; the S&P 500 fell 33.45 points, or 0.88%, to close at 3785.38 points; the Nasdaq Composite fell 149.16 points, or 1.33%, to close at 11028.74 point.

Most of the major technology stocks in the Chinese concept stocks fell, and Tuniu rose by more than 26% against the trend, and the stock price has doubled since this week.

Major U.S. tech giants all fell:

Major US tech giants

Major Chinese tech stocks were overwhelmingly down:

Major Chinese tech stocks

China concept stock price

Other Chinese concept stocks that rose include:

▲ Other Chinese concept stocks that have risen

Companies that fell include:

▲ Other Chinese stocks that fell

Disclosed stocks were sold by JD.com, and Vipshop fell nearly 7% at one point

After it was disclosed that JD.com sold some of its holdings, Vipshop’s share price hit a bottom of $9.52 in regular trading today, a drop of nearly 7%. This is also the fourth consecutive day that its share price has fallen. JD.com once bottomed out at $62.91 today, down 3%.

▲ Since the beginning of this year, the stock price of Vipshop has risen by 14%

Vipshop disclosed in a revised 13D filing with the U.S. Securities and Exchange Commission on Thursday that JD.com holds 5.64 million shares of the company, or 4.3 percent. Just 6 days ago, the revised 13D document submitted by Vipshop disclosed that JD.com holds 7.1 million shares, with a shareholding ratio of 5.4%. A 13D document in mid-April showed that JD.com held 8.59 million shares of Vipshop, or 6.3%. Since the beginning of this year, Vipshop’s share price has risen by 14%, while JD.com’s share price has fallen by 9.3%.

Bit Mining Completes Shelf Additional Offering Transaction, Earning About $16 Million

Bit Mining announced last night that it had completed the additional shelving transaction announced on June 27. Under the agreement, institutional investors will buy 16 million American depositary shares and warrants to buy 16 million American depositary shares in Series A and B. Each ADS of BitMining is equivalent to 10 Class A ordinary shares.

▲ Bit Mining will use the funds obtained to invest in mining machines, etc.

Excluding underwriters’ commissions and other fees, Bit Mining will earn about $16 million from this shelving transaction. Bit Mining will use the funds to invest in mining machines, build data centers, increase liquidity, and more.

US/Foreign tech stocks

Other foreign tech stocks that rose included:

▲ Other foreign tech stocks that rose

Companies that fell include:

▲ Other foreign tech stocks fell

Apple’s Korean App Store opens to third-party payment systems with 26% commission

Apple said on Thursday local time that developers publishing apps on the South Korean App Store can apply to use a third-party payment system. However, enjoying this policy comes at a price. Apple requires apps that take advantage of this policy to report sales to Apple each month and pay a 26 percent commission. Currently, Apple charges between 15% and 30% commissions for apps that use its payment system.

▲ Apple opens App Store to third-party payment systems in South Korea

South Korea passed a law last year requiring app stores to open up to third-party payment systems. Apple’s new policy applies only to the South Korean version of the App Store, but it sheds light on Apple’s response should regulators or courts in other countries ask the store to open up to third-party payment systems. Apps that use third-party payment systems will display a pop-up that says “The app does not support the App Store’s secure payment system,” Apple said. It also warns developers that using a third-party payment system means they will need to handle refunds, subscription management and other issues themselves.

Tesla’s China market performance in June will have an important impact on the stock price

Investment firm Wedbush analyst Dan Ives said in an investment report Thursday that Tesla delivered a “bottom line” of 250,000 vehicles in the second quarter. In addition, he also suggested that investors pay attention to Tesla’s China market deliveries in June. The recent performance of the Chinese market after the new crown epidemic in China has been effectively controlled will be the most important data for Tesla when it announces its second-quarter deliveries.

▲ It is expected that the Tesla Shanghai factory will deliver about 56,000 vehicles in June

Before the recent outbreak, Tesla’s Shanghai plant delivered about 180,000 vehicles per quarter. Tesla delivered about 310,000 vehicles in the first quarter, including about 130,000 at the Fremont, California plant. The Fremont plant is still expected to deliver about 130,000 vehicles in the second quarter. The Texas and Berlin plants have just started production, and the expected delivery is about 30,000, which means that the Shanghai plant will deliver about 90,000 vehicles. The Shanghai plant delivered 1,512 vehicles and about 32,000 vehicles in April and May respectively, which means that the delivery volume in June needs to reach about 56,000 vehicles.