$Bilibili Inc.(BILI)$ Bilibili announced outstanding performance for this year's Double 11 shopping festival in China. platform gmv rose 251% compared to the same period last year. No company is the US is growing like them. I am buying tons of shares all week. Their growth is like youtube on steroids. Its growing very fast. This is going to be the channel of what people are going to watch and IQ. These will be the 2 main channels. I bought a lot on the dip this morning. Both are great long term holds over any streaming company in the US right now based on their price points. China is opening up, doing stimulus and lowering interest rates saying they wil have a strong economic year. People in china are hoarding to bili bili and iq pulling in the younger and older generation.
I shorted the chinese markets for 2 years including bili bil but its changing now. They opened up the country to let people back in again their down with covid lock downs. They are going to have a big 2024. I am actually shorting the US now. I would stay away from US based companies right now until they also do stimulus and lower interst rates. Until then the quarters wont be good. but china quarters are going to be good with everything opening back up.
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