BILI - Bilibili Inc.
44.00 +0.02 (0.05%)
Before hours: 4:40AM EDT
Chart Events
Williams %R
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 45.31 |
| Open | 43.95 |
| Bid | 44.11 x 1100 |
| Ask | 44.49 x 1200 |
| Day's Range | 41.30 - 44.13 |
| 52 Week Range | 13.23 - 51.25 |
| Volume | 9,998,152 |
| Avg. Volume | 6,206,712 |
| Market Cap | 15.192B |
| Beta (5Y Monthly) | 1.19 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.83 |
| Earnings Date | May 18, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 292.28 |
Fair Value
Related Research
- Bloomberg
China Plans to Test Digital Yuan on Food Delivery Giant’s Platforms
(Bloomberg) -- China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in a major step toward the token’s mass adoption.Meituan has been in talks with a research wing of the People’s Bank of China on real-world uses for the virtual legal tender dubbed Digital Currency Electronic Payment or DCEP, according to people with direct knowledge of the matter. The specifics of the partnership have yet to be finalized, they added, asking not to be identified revealing private discussions.Meituan joins ride-hailing startup Didi Chuxing in exploring applications for a digital yuan, which lives on a mobile wallet application and offers Beijing greater control of the country’s financial system. Like Didi, Meituan hosts billions of dollars in daily transactions in realms from meal delivery to online travel services, and its participation would drive mass acceptance and widen Beijing’s global lead in government-backed virtual currencies. The central bank research wing is also in discussions on trials with Bilibili Inc., another Tencent-backed company that streams video, one of the people said.The PBOC had no immediate comment when contacted. Meituan declined to comment, while representatives for Bilibili didn’t immediately respond to a request for comment.Read more: China’s Digital Yuan Gets First Big Test Via Tech Giant DidiThe duo -- which offer a slew of online services from food delivery to e-commerce and video games -- currently employ payment systems from Tencent and Alibaba Group Holding Ltd.-affiliate Ant Group and would appear to be good candidates to help DCEP carve out a share of the country’s $27 trillion payments industry. A virtual yuan could bolster the government’s grip over the world’s No. 2 economy and its giant financial services industry, and some observers think it could someday shift the global balance of a U.S.-dollar-centric global currency system.Virtual cash would be quicker and easier to use than the paper kind -- and would also offer China’s authorities a degree of control never possible with physical money. The rise of independent cryptocurrencies such as Bitcoin and Ether, meanwhile, have created the danger that a huge swath of economic activity will occur out of the view of policymakers.While a digital currency is likely years away from a national rollout, China’s moves have triggered concern about a new threat to U.S. financial dominance. China’s central bank has led global peers in the development of digital legal tender, with research efforts started in at least 2014.It began a pilot program for its digital currency only a few months ago. The initial testing was limited to four cities, with local media reporting that some of the money was distributed via transport subsidies to residents in Suzhou.Read more: China’s Digital Currency Could Challenge Bitcoin and Even the DollarFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Schaeffer's Investment Research
BILI Trendline Could Prove Fruitful for Bulls
Options traders could see a big return on calls for BILI stock
- Bloomberg
Google Couldn’t Help This Chinese Games Startup Beat Tencent
(Bloomberg) -- Once high-flying Chinese game-streaming platform Chushou TV has shuttered, becoming the latest casualty in a market increasingly dominated by Tencent Holdings Ltd.The mobile-focused streaming network’s demise on July 2 comes just two years after it received $120 million in investment from backers including Alphabet Inc.’s Google. The company, whose name translates as “tentacle,” has asked streamers who play exclusively on the platform to switch to Tencent-backed video-sharing app Kuaishou, according to an in-app notice viewed by Bloomberg News. Chushou and Google representatives didn’t respond to requests for comment sent via email.Chushou’s downfall further underscores Tencent’s supremacy in China’s game-streaming market, which iResearch estimates will generate 23.6 billion yuan ($3.4 billion) in revenue by the end of this year. Now, Tencent effectively controls the two largest platforms -- Huya Inc. and DouYu International Holdings Ltd. -- and has its own esports site eGame. In addition, the social media behemoth has stakes in fast-growing video services Kuaishou and Bilibili Inc., both of which are vying for more gaming content. Chushou said in 2018 it had 8 million unique streamers and 90 million registered users on its platform.Read more: The Billion-Dollar Race to Become China’s Amazon TwitchChina’s streaming companies live and die on fans splurging on virtual gifts to tip performers, leading to bidding wars over the top professional gamers and putting an enormous strain on smaller platforms. Last year, No. 3 player Panda TV also succumbed to competitive forces and shut down its service. Tencent, whose WeChat messaging service is the social media starting point for more than a billion people, can market its services broadly and has forged close ties with influencers, advertisers and content providers across the country.Chushou streamers complained recently online that they’ve not received their cut of virtual-gifting revenue for months and at least one influencer agency is suing Chushou for breach of contract. Last month, Shanghai Xiaren Internet Technology Ltd. secured a court order to freeze 5 million-yuan worth of assets owned by Chushou operator Hangzhou Kaixun Technology Ltd., according to court documents viewed by Bloomberg News. Other investors in Hangzhou-based Chushou include Qiming Venture Partners, GGV Capital, Shunwei Capital and Baidu Inc.’s Netflix-style iQiyi service.Tencent dominates at home but its streaming and social media efforts haven’t progressed far abroad -- something it may be looking to address. The WeChat operator has been quietly testing a mobile-focused streaming network in the U.S. since at least March. Called Trovo Live, the new service closely resembles Twitch in its appearance and functionality, and sports Tencent’s own portfolio of popular games including Fortnite and PUBG Mobile.(Updates with details on Tencent’s business in the fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Motley Fool
3 Hot Chinese Stocks That Can Double Again in the Second Half
Some big winners in the world's most populous country can keep the good times going in July and beyond.
- Zacks
Top-Performing Stocks in the Top ETF of June
Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD) topped the list of the best-performing ETFs in June with impressive returns of 15.3%.
- Insider Monkey
HUYA Inc (HUYA) Could be a Leader in Electronic Gaming Industry
If you are looking for the best ideas for your portfolio you may want to consider some of Tao Value's top stock picks. Tao Value, an investment management firm, is bullish on Huya Inc. (NYSE:HUYA) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […]
- Bloomberg
China Punishes ByteDance, Tencent-Backed Apps in Clampdown
(Bloomberg) -- China has penalized 10 of the country’s most popular livestreaming apps, suspending some of their operations in a renewed crackdown on fast-growing services backed by Tencent Holdings Ltd. and ByteDance Ltd.Regulators singled out ByteDance’s Xigua and three apps run by Tencent-backed firms -- Bilibili Inc., Huya Inc. and DouYu International Holdings Ltd. -- among those subject to punishments ranging from halting new user sign-ups to suspending content updates for “main channels,” the Cyberspace Administration of China said in a notice posted Tuesday. The watchdog said those services must rectify vulgar and other problematic content and that it’s blacklisted selected live-streaming hosts, without elaborating. NetEase Inc.’s CC Live and Baidu Inc.’s Quanmin were also among those named.Beijing is intensifying scrutiny over the country’s internet giants as they deepen forays into content and user contingents grow into the hundreds of millions. Livestreaming in particular has burgeoned in past years as platforms from Bilibili to DouYu become vibrant social media forums that penetrate well beyond cities and into the countryside, enabling an explosion of communications that’s proven increasingly difficult to monitor. That in turn has fostered a growing cohort of online influencers with followings in the millions.It’s unclear what the content suspensions encompass. Both Huya and DouYu, which divide content into channels like games or entertainment, posted in the main recommendation section of their apps that they have “suspended updates” since Tuesday, without elaborating. Representatives for Baidu, Bilibili, ByteDance, Huya, NetEase and DouYu didn’t immediately respond to requests for comment.Read more: The Billion-Dollar Race to Become China’s Amazon TwitchThe migration of viewership online during the pandemic has only accelerated the phenomenon. The regulators said Tuesday the punishments came after they conducted examinations of a total of 31 major streaming platforms.China’s top state broadcaster recently criticized Huya for hosting gaming ads in a channel offering free online courses for homebound students. In response, the company shut its learning page and offered refunds to minors who spent their parents’ money on games, the app said in a statement.In April, Chinese regulators suspended key channels in Baidu’s flagship mobile app, citing vulgar content. That two-week punishment could reduce revenue from its core search and feed business in the June quarter by close to 2%, according to an estimate by Jefferies analyst Thomas Chong.(Updates with regulators’ comment in the fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- GuruFocus.com
5 Companies Reach 52-Week Highs
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- Insider Monkey
Hedge Funds Aren’t Done Buying Bilibili Inc. (BILI)
In this article you are going to find out whether hedge funds think Bilibili Inc. (NASDAQ:BILI) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]
- Bloomberg
Tencent Targets Japan Anime, Manga to Jump-Start Global Growth
(Bloomberg) -- Tencent Holdings Ltd., spurned in years past by Japan’s guarded entertainment industry, is rekindling its courtship of the country’s fabled anime and manga houses.The Chinese social media giant has in recent months scooped up slices of two prominent local studios, the brains behind smash hit Nier: Automata and Marvelous Inc. Those outlays are just the start of a spending spree designed to extend Tencent’s foothold in a key creative hub while imbibing Japan’s expertise in console game making and hit franchise creation, according to people familiar with its strategy. The Chinese firm is in negotiations with several other studios on potential investments, they said.Tencent has long regarded Japanese entertainment exports as an area ripe for optimization, where better distribution and marketing strategies can generate vastly greater revenues. Having cut its teeth on multibillion-dollar acquisitions of the likes of Clash of Clans developer Supercell Oy and Fortnite creator Epic Games Inc., the Chinese publishing powerhouse has been repeatedly rebuffed when trying to take over developers and studios in Japan. Its new approach is to spend on becoming a favored partner instead, buying board seats and priority access to new content, said the people, who asked for anonymity because the plans are not public.Tencent’s gaming division declined to comment.Commonly abbreviated to ACG, Japan’s anime, comic book and gaming franchises are already popular in Tencent’s domestic market of China, the world’s biggest mobile gaming arena. They’ve fueled the rise of services like streaming platform Bilibili Inc. and provided the characters for many of the country’s favorite games. But Japanese creators, loath to cede control of their prized assets, have preferred ad hoc licensing deals, leading to bidding wars between publishers like Tencent and TikTok owner ByteDance Ltd., who each have competing Naruto games in China. ByteDance is preparing for a big push into gaming this year and NetEase Inc., the other big games publisher in China, has just announced it’s opening a game-development studio in Tokyo.“Japanese ACGs are world class, while their Chinese counterparts are years behind. Even Tencent cannot cultivate sophisticated IP expertise internally fast enough,” said Tokyo-based games industry analyst Serkan Toto. “It’s all about quick international expansion, access to established ACG properties, and insight into creating top-notch IPs from scratch.”Read more: Ninja Naruto Leads Tencent’s March into China’s $31 Billion Anime MarketTencent’s vision is to help set up Marvel Universe-like multimedia franchises, with a focus on turning celebrated anime and manga comic book heroes and storylines into video games, squeezing the most out of each intellectual property. With its control of WeChat, China’s super-app and go-to messaging platform, the company has a significant advantage in cross-promoting its wares.The Japanese creative scene is rich on potential targets, said Hideki Yasuda of Ace Research Institute. Popular IPs like Neon Genesis Evangelion and Doraemon are recognized in China, but haven’t yet translated into major gaming hits in that country. Games like LovePlus by Konami Holdings Corp., Disgaea by Nippon Ichi Software Inc. and Legend of Heroes by Nihon Falcom Corp. also hold growth potential if properly adapted and distributed in Tencent’s home market.The Shenzhen-based company commands roughly half of China’s $33 billion mobile and PC gaming industry, data from research firm Niko Partners shows. That arena is increasingly dominated by titles built on already-familiar characters and lore, as 73 of the top 100 grossing mobile games last year were based on existing IP, according to Analysys.Tencent approached Tokyo-based Marvelous -- seeking to tap its IP library, console development expertise and connections with other ACG creators -- in April, according to several people with direct knowledge of the matter. Marvelous is known for the Story of Seasons farming simulation and produces theater shows based on hit anime series like Prince of Tennis (which in itself was an adaptation of a successful manga series).The 7 billion yen ($65 million) that Tencent is spending for a 20% stake grants it pole position for licensing Marvelous IP and makes the head of Tencent Japan an external director. Tencent wanted that board presence in order to have an insider’s view of the company’s product pipeline, the people said.“Marvelous covers ACG through and through -- a great target for Tencent,” said Toto. And for Japanese ACG creators, “Tencent is a great, established name to be associated with.”Fighting a tough battle against fiercely competitive domestic rivals, Tencent appears willing to spend extra to secure the rights to popular Japanese franchises, hoping to leverage them into multimedia juggernauts that lock Chinese consumers into its ecosystem and bolster its global ambitions.Equally important for Tencent was Marvelous’ success in developing console games. The Chinese behemoth is virtually absent from that contest, which accounts for 30% of overall game industry revenue according to Newzoo data. With a new generation of consoles from Microsoft Corp. and Sony Corp. on the holiday-season horizon and a budding partnership with Nintendo Co. as the sole distributor of official Switch hardware and software in China, Tencent is evidently interested in having a larger presence on this front.Tencent also made an investment in Bayonetta and Nier: Automata maker PlatinumGames Inc. earlier this year. In February, PlatinumGames co-founder and Chief Executive Officer Kenichi Sato assured fans that the so-called capital alliance with Tencent wouldn’t affect the company’s management, saying “They respect our autonomy as game creators.”The studio, whose work has until now been published by larger partners like Nintendo and Square Enix Holdings Co., had been looking for help to grow and become its own publisher, whereas Tencent saw high potential for its creations in the Chinese and mobile markets. The deal was “a win-win situation,” Sato wrote.Read more: Tencent Game Sales Surge Most in Years in China’s Lockdown“Japan and China have formed a symbiotic relationship for games in recent years with gaming companies from each country learning from each other to succeed in both markets,” said Niko Partners researcher Daniel Ahmad.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- GlobeNewswire
Bilibili Inc. Announces Completion of Convertible Senior Notes.
SHANGHAI, China, June 02, 2020 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced that it closed the offering (the “Notes Offering”) of US$800 million in aggregate principal amount of convertible senior notes due 2027 (the “Notes”), which included the exercise in full by the initial purchasers of their option to purchase up to an additional US$100 million aggregate principal amount of the Notes.
- TipRanks
J.P. Morgan Says These Are the 3 Stocks to Buy
Stepping back, and taking a macro look at the markets, JPMorgan strategist Marko Kolanovic believes that the risks posed by COVID-19 to public health and economic prosperity were badly overstated back in March, leading to a series of frankly wrong decisions that we are still feeling now. But now, the economy is starting to improve, and the current bear market’s bull rally is looking more and more like a sustained trend rather than a one-off event.However, Kolanovic acknowledges several large-scale risks. He points out that California and New York are the largest economic units in the US, and that the coronavirus pandemic has had an important – and negative – impact on ‘global cooperation and trade.’ Kolanovic writes, “We will closely monitor how these risks evolve, but at this point see them as potential tail risks rather than an imminent threat, and thus maintain our positive outlook on markets.”That positive outlook on the markets includes pointing out promising stocks. JPMorgan analysts have been noting a number of bullish stock moves — companies that are well-positioned to make gains in coming months. We’ve looked at three of those stocks through the lens of the TipRanks database, to find out what makes them compelling buys.Bilibili, Inc. (BILI)Up first is a Chinese internet video sharing website focusing on anime and comics and including a large Japanese audience – while for business purposes, traded in New York. Bilibili is a truly international company that has found a niche and levered it for growth. Since it started trading three years ago, this stock has seen considerable growth, tripling its share value in that time. In the months since the February market collapse, BILI has heavily outperformed the markets.Bili’s financial stats back this up. While the company operates at a net loss, the strong positives recorded in Q1 2020 included: 69% year-over-year revenue growth, to $327 million; an increase in average monthly users to 172.4 million, up 70% year-over-year (yoy); and an increase in daily active users to 50.8 million, up 69% yoy. The most impressive stat, however, is the increase in monthly paying users – a key metric. This rose to 13.4 million, for a 134% yoy increase.With positives like those, it’s no wonder that BILI is getting lots of love from Wall Street’s analysts. JPM analyst Alex Yao upgraded this stock from Neutral to Buy after the earnings report. His price target, which he raised to $42, indicates confidence in a 37% upside for the coming year. (To watch Yao’s track record, click here)In his comments, Yao wrote, “…it was the steady or even improving engagement metrics (i.e. DAU/MAU ratio, average daily time spend, etc.), in spite of the strong user growth, which makes us believe strong user growth remains achievable in the next 1-2 years, as a virtuous cycle between content and user base has been formed and reinforced by COVID-19. We expect seasonal user growth momentum (i.e. 3Q/1Q) to drive further share price upside.”Based on all the above factors, Wall Street analysts are thoroughly impressed with BILI. It boasts 100% Street support, or 7 Buy ratings in the last three months, making the consensus a Strong Buy. The $36.25 average price target implies that shares could surge 18% in the next twelve months. (See Bilibili stock analysis on TipRanks)Wyndham Destinations (WYND)Next up is Wyndham Destinations, a major operator of hotel brands and vacation ownership timesharing programs. Wyndham’s destinations are located in North America and the Caribbean, along with the South Pacific. As state begin to loosen economic restrictions, Wyndham expects to see a gain in activity; it’s North American locations will not be dependent on air travel to attract customers.With so much of the country under lockdown orders in Q1, WYND shares felt the pain. The stock is still down 37% year-to-date, severely underperforming the broader markets. Q1 earnings were grim, well below expectations at a 98-cent net loss.And yet, with all that, WYND shares are looking up. The company has announced that it will be reopening its resorts in 2H20, and expects that the corona lockdowns will have generated pent-up demand. With most of its American properties within driving distance of potential customers, Wyndham expects it can sell its destinations as compatible with social distancing rules. And finally, the company reported this month that it is sitting on $1 billion is cash reserves, and as access to an additional $342 million through a credit facility. With that kind of money available, Wyndham has said that it can continue operating for another 23 months.As a further gesture for investors, WYND will continue paying its 50-cent quarterly dividend. The dividend has been increased steadily over the past 2 years, and now at $2 annualized it offers an excellent yield of nearly 6.3%. Considering that the average yield among hospitality and services companies is only 1.37%, WYND’s yield is impressive.Joseph Greff, one of JPM’s 5-star analysts, is optimistic. He says of WYND shares, “We see WYND’s risk-reward as favorable given the potential for relatively attractive near-term leisure demand that is not reliant on air travel and that is offered at an affordable price point. We think WYND’s current bookings position is underappreciated with its second half 2020…”Greff shifts his view on WYND from Neutral to Buy, and sets a price target of $35. This suggests that he sees 10% upside growth in the stock’s future. (To watch Greff’s track record, click here)Wyndham has a Strong Buy analyst consensus rating, based on a 7 to 1 Buy-Hold split. Shares are selling for $31.94, and the $39.86 average price target indicates room for an upside of 25% in the coming 12 months. (See WYND stock analysis on TipRanks)Martin Marietta Materials (MLM)A commercial economy outgrowth of the old defense giant by the same name, the modern Martin Marietta company lives in the heavy construction niche, providing cement and other aggregate building materials for commercial and municipal purposes. The company’s products are common in roads and sidewalks – there is a strong chance that you have walked on them.MLM was hit hard by the Q1 economic shutdowns. The cessation or slow down of construction work reduced demand for MLM products, and the company reported sharp sequential declines in earnings. There were some bright spots, however. EPS remained positive, at 41 cents per share. Revenue was slightly up year-over-year, to $958.2 million. And the company reported strong gains in cash on hand, from $21 million at the end of 2019 to $424 million as of the end of Q1 2020. And best of all for investors, MLM projects Q2 earnings of $2.78 per shares, getting close to pre-corona levels.Martin is our third upgrade from JPM. Analyst Adrian Huerta raised his stance from Neutral to Buy, and set a $210 price target that indicates 9% upside growth potential for the year. (To watch Huerta’s track record, click here)Supporting his move, Huerta writes, “We see attractive upside at least in the short-term as 2Q will likely not be as bad as previously expected... Also, as the trade war with China intensifies, we see increased interest on domestic driven sectors like this one.”With 7 Buy and 5 Hold ratings, the analyst consensus on Martin Marietta Materials is more evenly divided than the other stocks on this list. MLM shares are currently selling for $194.28, while the average price target of $222.92 suggests a one-year upside potential of 15%. (See Martin Marietta stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- GlobeNewswire
Bilibili Inc. Prices Offering of Convertible Senior Notes
Bilibili Inc. (“Bilibili” or the “Company”) (BILI), a leading online entertainment platform for young generations in China, today announced the pricing of US$700 million in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) (the “Notes Offering”). The Notes have been offered to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and certain persons in offshore transactions in reliance on Regulation S under the Securities Act.
- Motley Fool
An Investor’s Quick Overview Of Bilibili’s Business Model
Bilibili (NASDAQ: BILI), a young Chinese online entertainment company, has enjoyed impressive returns since its 2018 IPO, thanks to strong revenue growth. It aims to fulfill that by providing a wide range of entertainments and services -- which include online games, videos, live broadcasting, and e-commerce -- to delights its users. A typical user may join Bilibili's platform initially for its ACG (animation, comics, games) content, then move on to consume other video content --which include professional user-generated and licensed video content -- across different genres including lifestyles, games, dramas and more.
- GlobeNewswire
Bilibili Inc. Announces Proposed Offering of US$650 Million Convertible Senior Notes
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.
- Motley Fool
Should You Buy Bilibili Stock at Its All-Time High?
China’s Gen Z darling continues to dazzle the bulls even as the COVID-19 crisis slams the broader economy.
- Simply Wall St.
Bilibili Inc. (NASDAQ:BILI) Analysts Are Pretty Bullish On The Stock After Recent Results
Investors in Bilibili Inc. (NASDAQ:BILI) had a good week, as its shares rose 5.4% to close at US$32.70 following the...
- Motley Fool
What Did Bilibili Gain From the COVID-19 Crisis?
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.
- Investor's Business Daily
Bilibili Stock Climbs As Quarterly Earnings Miss But Smash On Revenue
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.
- Motley Fool
Bilibili Inc. (BILI) Q1 2020 Earnings Call Transcript
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.
- TechCrunch
With 170M users, Bilibili is the nearest thing China has to YouTube
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.
- GlobeNewswire
Bilibili Inc. Announces First Quarter 2020 Financial Results
SHANGHAI, China, May 18, 2020 -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today.
- GlobeNewswire
Bilibili Announces Changes to Board and Committee Compositions
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.
- Bloomberg
China Inc. Is Unloved Abroad, Unwanted at Home
(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.
- GlobeNewswire
Bilibili to Report First Quarter 2020 Financial Results on Monday, May 18, 2020
SHANGHAI, China, May 07, 2020 -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today.
