BILIBILI-W's stock price plummeted 5.02% during intraday trading on Monday, reflecting significant selling pressure on the popular video-sharing platform.
The decline occurred as part of a broader downturn in Chinese and Hong Kong technology stocks. Hong Kong stocks opened lower, with the Hang Seng Tech Index down 2.78% at the open, leading to widespread declines across the popular tech sector. Other major technology companies, including Alibaba and Kuaishou, also saw their shares drop more than 3% during the session.
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