Bilibili (BILI) Rises on Record Game Approvals in China

Dec 26, 2024

Bilibili (BILI, Financial) shares increased by 1.04% to $19.39 during pre-market trading. This rise follows the announcement from the National Press and Publication Administration in China, which approved a record 135 domestic and imported online games in December 2024. The abundance of new game licenses suggests a robust trend for the nation's gaming industry. Leading companies with high-quality content and intellectual property products have passed the approval process, setting positive expectations for the upcoming year. Investors are advised to keep an eye on major players such as Tencent, NetEase, and Bilibili.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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