Bilibili Inc – ADR (NASDAQ:BILI) shares are trading lower by 4.9% to $15.88 during Monday’s session amid weakness in Chinese stocks after China reported softer-than-expected second-quarter GDP growth. China’s economy grew by only 4.7% from April to June, missing the 5.1% forecast by analysts.
Bilibili, like many other companies, is affected by the overall health of the economy. Slower economic growth can lead to reduced consumer spending, which directly impacts businesses that rely on consumer engagement and discretionary spending.
Companies also often cut back on advertising spend during economic slowdowns to conserve cash. Bilibili, which generates a significant portion of its revenue ...
BILI) Stock Is Trading Lower>Full story available on Benzinga.com