Bilibili sees better-than-expected revenue in third quarter, defying Beijing’s crackdown on live streaming and gaming

Source: Tech – South China Morning PostVideo-streaming and mobile gaming company Bilibili announced a 61 per cent year-on-year gain in net revenue for the third quarter, beating expectations as it grapples with a tighter regulatory landscape amid Beijing’s crackdown on the digital economy.The Shanghai-based company said net revenues reached 5.2 billion yuan (US$808 million) for the quarter, higher than the expected 5.17 billion yuan, according to a composite estimate from 19 analysts compiled by Bloomberg.Net losses reached 2.7…Read More

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