Stock Track | Bilibili Shares Plunge Over 11% as U.S.-Listed Chinese Stocks Retreat
Shares of Bilibili Inc., a popular Chinese video-sharing and entertainment platform, plummeted by 11.26% on October 3, 2024, joining a broader sell-off in U.S.-listed Chinese stocks. The sharp decline came after a recent surge fueled by China's economic stimulus measures, as investors reassessed the valuations of these Chinese American Depositary Receipts .The sell-off in Bilibili's shares mirrored the movement in Hong Kong stocks, which fell on Thursday after taking a pause from the rally drive