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Stock impact report

China’s Anime Streaming Site Bilibili Produces A Billie [Forbes]

Bilibili Inc. - American Depositary Shares (BILI) 
Last bilibili inc. - american depositary shares earnings: 3/17 07:00 pm Check Earnings Report
Company Research Source: Forbes
Chinese entrepreneur Chen Rui has re-entered the ranks of the world’s wealthiest people, as his anime and entertainment site Bilibili continues to produce unique content that attracts China’s free-spending Gen Z. (His fortune first briefly crossed the $1 billion benchmark in February 2019, when shares jumped after Chinese internet titans Alibaba and Tencent both invested in the firm.) The Shanghai-based firm was on a tear last week, with its Nasdaq-listed shares soaring 12.5% on Jan.2 and another 5.4% on Jan.3 after gaining 3% in 2019. The 42-year-old Chen, who owns 16.2% of the fast-growing company and is the largest shareholder, has become a billionaire with a current net worth of $ 1.1 billion, according to Forbes estimates. Bilibili’s ability to produce special content was on full display last Thursday. The company hosted for the first time a New Year countdown gala, where it ventured out of China’s tradition of featuring local stars and extravagant group performances. It instead Show less Read more
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