Bilibili loses some shine as ‘growth-at-all-costs’ model comes under scrutiny from investors

Source: Tech – South China Morning PostChinese video-streaming and mobile gaming company Bilibili, once an investor darling for its popularity among the country’s youth, is losing some of its shine as more people question business models focused heavily on user growth, analysts say.The company’s shares dropped more than 10 per cent on Monday in Hong Kong, after a 10 per cent drop last Thursday before being suspended on Friday as the company announced a plan to raise up to US$1.6 billion by issuing convertible debt.Although shares…Read More

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