DAO - Better Chinese Tech Stock: NetEase vs. Bilibili
2023-09-27 05:25:00 ET
NetEase (NASDAQ: NTES) and Bilibili (NASDAQ: BILI) are well-known tech companies in China. NetEase is one of China's top video game publishers, and it owns the online education platform Youdao (NYSE: DAO) and the streaming music platform NetEase Cloud Music. Bilibili also publishes video games, but it generates most of its revenue from its streaming video platform -- which hosts anime series, video game streams, and other content aimed at Gen Z viewers.
NetEase's stock rallied roughly 40% this year and trades just 20% below its all-time high. Bilibili's stock declined over 40% this year and trades more than 90% below its all-time high. Both stocks hit their record highs during the buying frenzy in meme stocks in February 2021. Let's see why NetEase outperformed Bilibili -- and if it will remain the better buy.
Image source: Getty Images.
For further details see:
Better Chinese Tech Stock: NetEase vs. Bilibili