Americans can’t seem to agree about much these days, but one thing crosses all political persuasions: gratitude for our health care professionals, especially in a... Read More The post Recognizing Our American Nurses on the Front Lines of Innovation appeared …
Market players were spooked by the passing of a Senate bill aimed at boosting the oversight of foreign companies and potentially resulting in them becoming deli
Dismal factory activity data in China and the U.S., coupled with downbeat earnings from tech giants dragged down equity indices in both countries.Feeling unloved in the U.S., JD.com looks to Hong Kong for secondary listing in the footsteps of Alibaba. I laid …
China’s Gen Z darling continues to dazzle the bulls even as the COVID-19 crisis slams the broader economy.
Mr. Wenji Jin has concurrently resigned from his positions as an independent director and a member of each of the three committees of the Board, and our current independent Board member Mr. Feng Li will serve as a member of each of these committees, effective immediately. Mr. Jin’s resignation did not result from any disagreement with the Company.
Staples were off in Hong Kong as the passage of China’s new security law could lead to both increased demonstrations and the US voiding Hong Kong’s special export and import rules.
Welcome back! After our brief hiatus, we have returned with a new week of Reading The Wheel of Time. This post will cover Chapters 31-33 of The Shadow Rising, in which we will see Perrin learning about responsibility, what it demands of him, and what price he…
China-based social media internet company Bilibil reported first-quarter results late Monday that missed on earnings but beat revenue estimates, as did its outlook for the second quarter.
Sony is to pay $400 million for a minority stake in Chinese online entertainment platform Bilibili. The deal values Bilibili at $8 billion. The all cash transaction is to be conducted through Sony Corporation of America and sees SCA buy 17.3 million Bilibili shares, or just under 5% of Bilibili’s capital. Bilibili stock is traded […]
Far from confirming fears of a widespread delisting of Chinese firms, a proposed U.S. law will likely improve the investment environment.
Bilibili, a Chinese video streaming website that was once regarded as a haven for youth subculture, has been steadily making its way into the mainstream as users age up and content diversifies. The NASDAQ-traded company recorded a 70% year-over-year growth to reach 172 million monthly active users by the first quarter, placing it in the same rank as video services operated by Tencent and Baidu's iQiyi. In the same period, Tencent Video reported 112 million subscribers, while iQiyi commanded 118.9 million, almost all of whom are paying.
Sony (SNE) believes that China is a key region in the entertainment business and this investment is in line with its long-term growth strategy.
Sony Corporation ("Sony") today announced that Sony Corporation of America ("SCA"), a wholly-owned subsidiary of Sony, has entered into a definitive agreement, pursuant to which SCA will subscribe for 4.98% of the total outstanding shares of Bilibili Inc.("Bilibili") (Nasdaq: BILI), a leading online entertainment platform for young generations in China, through the purchase of newly issued Class Z ordinary shares for an aggregate purchase price of approximately 400 million U.S. dollars.
SHANGHAI, China, May 07, 2020 -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today.
Esports is a fast growing industry with a predicted market CAGR of 15.5% between 2018 and 2023. COVID-19 may in fact cause offline events to be delayed or cance
Chinese video-sharing company Bilibili Inc. announced Thursday that it has reached an agreement with Sony Corp. of America through which Sony will invest about $400 million in the company. Sony will receive roughly 17.3 million newly issued Class Z shares per the agreement and own about 4.98% of Bilibili's total issued shares upon closing. The company expects this transaction to close on or before April 10. The two companies also plan to collaborate on various opportunities in the Chinese entertainment industry, including as it relates to mobile games and anime. Bilibili's U.S.-listed shares are up 7.4% in premarket trading Thursday. They've surged 41% so far this year as the S&P 500 has decreased 15%.
Image source: The Motley Fool. Bilibili Inc. (NASDAQ: BILI)Q1 2020 Earnings CallMay 19, 2020, 9:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, good morning and welcome to the Bilibili 2020 First Quarter Earnings Conference Call.
A leaked WHO report indicating the failure of Gilead's remdesivir in its first randomized clinical trial refueled negative sentiment already hurt by plunging crude oil prices.Chinese stocks were not spared but that had not prevented Pinduoduo from gaining 11%…
Bilibili Inc. (“Bilibili” or the “Company”) (BILI), a leading online entertainment platform for young generations in China, today announced a proposed offering (the “Notes Offering”) of US$650 million in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) subject to market conditions and other factors. The Company intends to grant the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional US$100 million in principal amount of the Notes. The Company plans to use the net proceeds from the Notes Offering for enriching content offerings, research and development, and other general corporate purposes.
Bilibili Inc. (NASDAQ:BILI), which is in the entertainment business, and is based in China, saw a significant share...
Hong Kong volume leader Tencent (700 HK) eased -0.32% ahead of its earnings release while Meituan Dianping jumped +5.45% on news that MSCI would increase its index weight.
Investors in Bilibili Inc. (NASDAQ:BILI) had a good week, as its shares rose 5.4% to close at US$32.70 following the...
ADR Earnings Parade: Baidu beats, Bilibili gets jiggy with it, Sina beats on lower costs. Meanwhile, the Hang Seng Index will now include Alibaba HK!
Bilibili Inc. (“Bilibili” or the “Company”) (BILI), a leading online entertainment platform for young generations in China, today announced that Sony Corporation of America (“SCA”), a wholly owned subsidiary of Sony Corporation (“Sony”) and a global leader providing entertainment services with solid foundation of technology, has entered into a definitive agreement with Bilibili such that SCA will invest an aggregate amount of approximately US$400 million in cash in Bilibili at the closing of the transaction. Pursuant to the share purchase agreement, SCA will subscribe for 17,310,696 newly issued Class Z ordinary shares of Bilibili for an aggregate consideration of approximately US$400 million.
Large EM benchmark weight and widely-held Taiwan Semiconductor (2330 TT) fell -2.68% on the news while South Korea’s Samsung +1.99% as the latest US noose-tightening hurts Huawei’s mobile phone business, which competes with the South Korean giant.
BILI earnings call for the period ending March 31, 2020.
Facilitating sales through Wechat group and aggressive sales strategy is the company’s competitive advantage, but it is unsustainable. GSX’s average daily searches or downloads do not match the level of its sales. P/S of 19 is too high for an …
Bilibili Inc. (NASDAQ:BILI), which is in the entertainment business, and is based in China, saw a significant share...
The popular video-sharing service won a ton of new users in Wuhan's coronavirus lockdown, even if management doesn't want to talk about it.
SHANGHAI, March 27, 2020 -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced.
(Bloomberg Opinion) -- Just like the tens of millions of migrant workers stranded by China’s coronavirus lockdowns, hundreds of mainland companies listed in the U.S. are stuck, unable to go home and without a future in their adopted land. They make perfect prey for short sellers.The climate in the U.S. is getting uncomfortable for China Inc. President Donald Trump has renewed his trade-war rhetoric while pointing fingers at Beijing for the Covid-19 outbreak. On Monday, his administration asked a government pension fund to block investment in Chinese stocks. Meanwhile, the spectacular admission that Luckin Coffee Inc., the upstart rival to Starbucks Corp., faked its sales figures has ripped open age-old doubts about accounting standards.Unfortunately, even if these businesses wanted to prove they’re fraud-free, Beijing’s new securities law forbids cooperation with U.S. regulators.Unlike most other nations, China doesn’t allow the Public Company Accounting Oversight Board — an auditor of auditors, set up after the Enron scandal — to inspect the work papers of its U.S.-listed companies. The Securities and Exchange Commission has issued warnings about the quality of these reviews, even when the industry’s biggest names are signing the annual reports (as was the case with Luckin). SEC Chairman Jay Clayton singled China out in a public statement late last month.The SEC has good reason to be annoyed, as Beijing’s tough stance has only hardened with a new law that took effect in March. Item 177 states that overseas regulators can’t directly inspect or collect evidence on Chinese soil. In addition, domestic companies aren’t allowed to provide any relevant supporting documents without permission. As a result, the cloud of suspicion over these businesses will only grow darker. Even the most well-meaning among them won’t be able to prove otherwise.Going home was always the grand slogan whenever China Inc. felt mistreated or undervalued abroad. The nation’s stock frenzy in the first half of 2015 saw a wave of take-private deals, to the tune of $24 billion, as companies trading in New York rushed to go public in Shanghai or Shenzhen. The timing seems ripe again, especially now that mainland exchanges and Hong Kong both allow secondary listings.But there’s a new problem: China doesn’t want these companies back. Its bourses’ secondary listing requirements rule out most small caps. Hong Kong, for instance, demands that companies need to already have a market cap over $5.2 billion, or barring that, $129 million in annual sales and a market cap of at least $1.3 billion.As for China, secondary listing rules released last month are intriguing. Beijing relented on its obsession with blue chips — the required market cap was lowered to $2.8 billion from $28 billion. There’s a catch, though. Smaller companies must have “independent research,” “world-leading technology” and an “edge” in their field. In other words, don’t bother if you’re sub-scale. The likes of e-commerce retailer Vipshop Holdings Ltd., online dating app Momo Inc. or after-school education provider New Oriental Education & Technology Group Inc. can stay put. What China wants is hard tech that spends millions on research and specializes in semiconductors and artificial intelligence.Alibaba Group Holding Ltd. has become the face of China for retail investors in New York, while e-commerce operator Pinduoduo Inc. and social video site Bilibili Inc. have become hedge fund playthings. Yet hundreds of more obscure names list in the U.S. Of the 335 stocks, only 27 have a market cap of more than $2.8 billion, data compiled by Bloomberg show, and most would still need to pass Beijing’s “edge” test. As for Hong Kong, less than 40 stocks are eligible for a dual listing.Will Beijing allow hundreds of its companies stranded overseas to languish? You bet. If you can’t make it in New York, Shanghai isn’t for you either, the thinking goes. As China looks to build its FANG equivalent — the big names that give the U.S. tech supremacy — more obscure mainland rivals will be forgotten. Except, of course, by short sellers.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
SHANGHAI, China, May 18, 2020 -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today.
Tao Value recently released its Q1 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -12.96% for the quarter, outperforming their benchmark, the MSCI All Country World Index (ACWI) which returned -21.05% in the same quarter. In the said letter, Tao Value highlighted a few stocks and Bilibili […]
10-year old Bilibili started as an animation site, but has expanded to other categories including e-sports, user-generated music videos, documentaries, and games. The announcement pushed Bilibili’s share up by 7.6% in pre-market trading. In a statement, Sony said the company believes China is a key strategic region in the entertainment business.
The rally in the oil market was a key catalyst driving markets higher last week but the underlying factor was higher fuel demand in China, thus Chinese indices outperformed.The share prices of e-commerce players JD.com, Pinduoduo, and Bilibili rallied for the…