BILI - What's Going On With Bilibili Stock? | Benzinga
Bilibili Inc - ADR (NASDAQ: BILI) shares are trading lower by 2.2% to $13.36 Monday afternoon. Shares of several Chinese stocks are trading lower amid concerns over the country's property sector following reports suggesting China Evergrande said it's unable to issue new debt due to an ongoing investigation into its Hengda Real Estate subsidiary.
Bilibili generates a significant portion of its revenue from advertising. Economic uncertainty stemming from the property sector concerns can lead to reduced consumer spending, ...