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PREPAID EXPENSES AND OTHER CURRENT ASSETS - Additional Information (Details)
¥ in Thousands, $ in Thousands
5 Months Ended 12 Months Ended
Nov. 30, 2019
HKD ($)
Nov. 30, 2019
USD ($)
Jul. 31, 2019
USD ($)
Jul. 31, 2018
USD ($)
Jul. 31, 2017
USD ($)
Jun. 30, 2020
CNY (¥)
Jun. 30, 2020
USD ($)
Aug. 31, 2019
CNY (¥)
Aug. 31, 2019
USD ($)
Jul. 31, 2019
HKD ($)
Jul. 31, 2019
USD ($)
Prepaid Expense and Other Assets, Current [Line Items]                      
Prepaid consulting service fees (b)                     $ 891,098
Advance to vendor for fixed assets purchase (e)                     248,349
Advance to vendor for a trading platform development (f)                     180,000
Interest receivable (g)       $ 14,819              
Honest Smart Holdings Limited                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Amortization of prepaid consulting expense     $ 282,434 $ 0 $ 0            
Achievable Wisdom Limited                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Amortization of prepaid consulting expense     $ 0                
Shenzhen Hubao Media Company                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Prepaid advertising service fee collected back                     400,895
S.H.WATCH CASE & PAPTS MANUFACTURER LTD                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Total purchase price of car                   $ 2,430 310,436
Advance to vendor for fixed assets purchase (e)                   $ 1,940 248,349
China Artificial Intelligence Co., Ltd                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Advance to vendor for a trading platform development (f)                     $ 180,000
Subsequent Events                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Employee advances collected back               ¥ 1,960 $ 284,757    
Subsequent Events | Honest Smart Holdings Limited                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Prepaid consulting service fees (b)           ¥ 5,000 $ 730,000        
Subsequent Events | Achievable Wisdom Limited                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Amortization of prepaid consulting expense $ 3,300 $ 421,580                  
Subsequent Events | Shenzhen Hubao Media Company                      
Prepaid Expense and Other Assets, Current [Line Items]                      
Prepaid advertising service fee collected back               ¥ 2,760 $ 400,895