Bilibili (BILI) Rises as China Approves Record Number of Game Licenses

Dec 26, 2024

Bilibili (BILI, Financial) saw a 1.04% increase in pre-market trading, reaching $19.39. This comes after the National Press and Publication Administration in China issued a record 135 game licenses for December 2024, the highest this year. The surge in license approvals indicates a positive trend for the domestic gaming industry. Top companies with strong IP content, like Tencent, NetEase, and Bilibili, are expected to benefit from these approvals, setting an optimistic outlook for the gaming sector in the coming year.

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