0102 GMT - Bilibili's key stock overhang has likely been reduced as shareholder Tencent now seems less likely to monetize its stake in the Chinese video-sharing platform, says The Zephirin Group in a research note. Tencent is reportedly planning to issue bonds, which should lower the risk of it selling its shares in Bilibili, says Longdley Zephirin. Tencent holds around 12% interest in Bilibili, LSEG data show. The Zephirin Group therefore upgrades its trading call on Bilibili's Hong Kong-listed shares to hold medium risk from strong sell medium risk. It raises its price objective to 161.00 Hong Kong dollars from HK$134.00. Shares last closed 0.7% higher at HK$143.80. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 08, 2026 21:02 ET (01:02 GMT)
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