$Bilibili Inc.(BILI)$ According to Bili’s last quarter report, they do have mobile gaming as one of their revenue streams. However, if you look closely.. you will notice that they are cutting support to this specific product by spending less on it, which resulted in Y-o-Y decrease in mobile gaming revenues. I believe Bili’s management knew that more restrictions are coming to the gaming industry, thus they focused more on video streaming and Ads. For short traders like me, I believe majority of Chinese stocks will remain under pressure for 2024. So it’s better to shift to US companies as an alternative.
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