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Chinese Video Site Bilibili Falls in Hong Kong Market Debut

By Juro Osawa
· · Source: The Information

Chinese video site Bilibili had a disappointing debut on the Hong Kong stock exchange Monday, as the stock closed below its initial public offering price. Bilibili’s weak performance on its first day of trading, which came after the Nasdaq-listed company completed its $2.6 billion secondary offering in Hong Kong, could raise concerns for many other privately-held Chinese tech companies that...

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