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Stock impact report

China Market Update: Meituan Crushes Analyst Estimates, Alibaba's Must-Read Regulatory Filing, Week In Review [Forbes]

Bilibili Inc. - American Depositary Shares (BILI) 
Last bilibili inc. - american depositary shares earnings: 3/17 07:00 pm Check Earnings Report
Company Research Source: Forbes
The bottom line, earnings per share (EPS), beat was most notable as many analysts had expected the company's margins to suffer from increased user subsidies to provide an edge in its competition with Douyin (China's TikTok). % changes are year-over-year (YoY) Asian equities were mixed overnight despite the US dollar's strength as all Asian currencies were down versus the dollar, except for the Yen and the Hong Kong Dollar, which is pegged. Mainland China and Hong Kong were lower on several macro and micro factors. China's currency, the Renminbi (CNY), was off -0.42% versus the US dollar, closing at 7.22 CNY per USD as the 7.20 level was breached. After yesterday's close, insurance giant Ping An, a significant Hong Kong and Mainland index weight, released disappointing financial results. Its Hong Kong share class fell -5.77% while the Mainland (A share) share class fell -3.50%. The news weighed on the financial sector. Meanwhile, Alibaba's Bilibili stake sale sparked fears that Show less Read more
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