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Bilibili Inc. (BILI)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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103.06+0.06 (+0.06%)
As of 11:41AM EDT. Market open.
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Trade prices are not sourced from all markets
Previous close103.00
Open103.65
Bid102.93 x 900
Ask103.05 x 900
Day's range102.12 - 103.99
52-week range25.00 - 157.66
Volume1,114,006
Avg. volume6,959,814
Market cap38.886B
Beta (5Y monthly)1.26
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Tencent Joins China Tech Firms in Pledging Antitrust Compliance
    Bloomberg

    Tencent Joins China Tech Firms in Pledging Antitrust Compliance

    (Bloomberg) -- Tencent Holdings Ltd. and Alibaba’s supermarket arm joined their fellow Chinese tech giants in vowing to eradicate monopolistic practices, as the country’s largest corporations rush to publicly align themselves with Beijing.The WeChat operator, Alibaba’s Freshippo and ride-hailing giant Didi Chuxing were among 11 Chinese tech giants that issued pledges Thursday to obey antitrust laws, two days after Beijing gave companies a month to conduct internal reviews and comply with government guidelines. Twenty-three companies have now issued vaguely worded statements promising everything from consumer rights protection to loosening controls over their platform, stopping short of outlining specific actions.China’s government, worried about the growing influence of internet giants like Jack Ma’s Alibaba Group Holding Ltd., has in the span of a few months brought its giant technology sector to heel. Beijing regulators torpedoed Ant’s $35 billion initial public offering one month after Ma infamously attacked officials for being behind the times, launched an anti-monopoly probe into Alibaba in December, then finalized by March new rules intended to curb monopolistic practices across its entire internet landscape.In landmark announcements over the past week, it slapped a record $2.8 billion fine on Alibaba for abusing its market dominance, then ordered an overhaul of Ant Group Co. On Tuesday, regulators summoned 34 of the country’s largest companies from Tencent to TikTok owner ByteDance Ltd., warning them “the red line of laws cannot be touched.”More of China’s largest companies are expected to issue pledges Friday. It remains unclear whether the watchdog or other agencies might demand further action: top financial regulators now see Tencent as the next target for increased supervision, Bloomberg News has reported. And the central bank is said to be leading discussions around establishing a joint venture with local technology giants to oversee the lucrative data they collect from hundreds of millions of consumers, which would be a significant escalation in regulators’ attempts to tighten their grip over the country’s internet sector.In its statement on Thursday, Tencent promised to refrain from anti-competitive practices including exclusive arrangements. Bilibili Inc., Kuaishou Technology and Trip.com Group Ltd., which is set to debut next week in Hong Kong, were among 10 other firms that issued brief statements Thursday.Read more: Jack Ma’s Double-Whammy Marks End of China Tech’s Golden Age For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Company News for Apr 9, 2021
    Zacks

    Company News for Apr 9, 2021

    Companies In The News Are: CAG, COST, BILI, BOX.

  • Tencent-Backed Linklogis Rises 9.9% in Hong Kong Debut
    Bloomberg

    Tencent-Backed Linklogis Rises 9.9% in Hong Kong Debut

    (Bloomberg) -- Chinese fintech firm Linklogis Inc. rose on its debut in Hong Kong, with the Tencent Holdings Ltd.-backed company snapping a recent run of disappointing listings in the city.Shares of the Shenzhen-based firm closed 9.9% higher. Linklogis had priced its $1.02 billion initial public offering near the midpoint of an indicative range at HK$17.58 per share, while the retail portion of its offering was 98.5 times subscribed by local investors.Its performance comes after a run of underwhelming listings in Hong Kong. Fintech firm Bairong Inc. slumped 16% during its first day of trading last week, delivering the worst debut in three years, while video streaming service Bilibili Inc. also fell. It is the second IPO deal exceeding $1 billion launched in Hong Kong this year after Kuaishou Technology, which soared 161% on its debut in February.However, while Linklogis’ midpoint-pricing and ties to Tencent made it attractive, institutional demand was not particularly strong, said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “We are still in cherry-picking season where people are cautious about buying names without powerful cornerstone investors or solid businesses.”The firm offers digital services to help facilitate supply chain finance transactions in China. While its prospectus shows the company hasn’t made a profit in the last three years, revenue expanded 47% last year following an 83% surge in 2019.Chinese fintech companies are going through a particularly hard year after Beijing suddenly halted Ant Group Co.’s IPO last year, signaling wider crackdowns for the sector. Regulators are inspecting businesses spanning from online lending to payments and insurance tech, making investors wary when it comes to backing firms in the industry.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.