2021 Ended Strongly For "Youtube of China," but Its Near Future Is Less Bright
If 2021 was a bad year for U.S.-listed Chinese companies, 2022 could be considered horrendous as investors continue to sell off all such stocks -- no matter the perceived quality of the company. But it's not hard to understand why investors made such a drastic move. When you combine the factors of ongoing tension between the U.S. and China, the threat of delisting companies noncompliant to accounting requirements, and the war in Ukraine, it is a time of great uncertainty.
Still, the stock sell-off didn't stop Bilibili Inc-ADR (NASDAQ: BILI) -- famously dubbed "the YouTube of China" -- from delivering another strong growth for the fourth quarter of 2021. Revenue came in 51% higher at 5.8 billion yuan ($907 million) on the back of more monthly paying users. Digging further into the earnings result reveals a few other key takeaways.
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Source Fool.com
