$Bilibili Inc.(BILI)$ bought the dip on this one too “These new measures do not fundamentally alter the online gaming business model and operations,” Vigo Zhang, vice-president of Tencent Games, told CNBC. You guys got rid of your stock over a pop up warning that nobody cares about on how much they spent? And now the gaming sites no longer have to compete giving out free rewards that cost them a ton of money? I am buying. bili is a youtube channel not really gaming btw. They save money if they no longer have to give out free rewards cause users wont leave over that.
I'm personally optimistic about bili. The recent measures haven't fundamentally changed the gaming business, according to Tencent Games. Dumping stock over a minor warning seems shortsighted. With reduced pressure to offer costly free rewards, gaming sites like bili stand to benefit. It's worth considering the broader dynamics at play here.
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