Video streamer Bilibili sees losses more than double on increased competition and tighter regulation

Source: China – South China Morning PostLosses at China’s video-streaming website Bilibili, which has seen its stock price fall 70 per cent since a Hong Kong listing last March, more than doubled in 2021 to 6.8 billion yuan (US$1.07 billion) from the year before, amid rising competition and tighter regulation.In the fourth quarter of 2021 alone, its net loss amounted to 2.1 billion yuan, according to financial results released by the company on Thursday.The heavy losses at Bilibili, once touted as the leading online community for…Read More

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