Why Bilibili Stock Was Slipping Today
Shares of Bilibili (NASDAQ: BILI) were pulling back today after the Chinese digital media specialist posted second-quarter earnings this morning. Though the results topped estimates, they still weren't enough to overcome the stiff headwinds against Chinese stocks, as investors anticipate the Chinese government will impose stricter regulations on the sector.
As of 2:08 p.m. EDT, Bilibili stock was down 6.3%.
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Source Fool.com