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Bilibili Shares Plummet as Quarterly Loss Balloons on Marketing Binge

2021年05月14日 20:18 来源于 财新网
Aggressive spending to expand user base undercuts a 68% surge in revenue, sending the video streaming company’s stocks falling by as much as 7.5%
Photo: VCG

Hong Kong-listed shares of video streaming site Bilibili (BILI: NASDAQ / 9626.HK) slumped as much as 7.5% on news its losses blew out by more than two-thirds in the first quarter even as revenues soared, after the company spent aggressively on marketing to grow its user base.

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