Is Bilibili a Buy?
For many of China's biggest companies, 2021 is playing out like a disaster film. Back home, Beijing has cracked the whip on several industries, citing data security and antitrust issues. And in the U.S., regulators say they might delist Chinese companies that don't meet new disclosure rules.
In the meantime, prices for many Chinese stocks are plunging. Among the losers, the stock prices of tech giants Alibaba and JD.com are down over 40% from peak levels. Up-and-coming entertainment company Bilibili (NASDAQ: BILI) is doing even worse. The stock trades at $85 a share, down over 46% from 52-week highs set in February.
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Source Fool.com
