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2021-05-13

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Hong Kong stocks track fall in other Asian markets

2021-05-13

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Bilibili Q1 revenues reached $595.4M(+68%Y/Y), DAUs reached 60.1M(+18%Y/Y)

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Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.</p><p>At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.</p><p>The sub-index of the Hang Seng tracking energy shares&nbsp;dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.</p><p>The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.</p><p>Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.</p><p>Tensions between Beijing and Washington added to the pressure.</p><p>The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.</p><p>Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.</p><p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.37%, while Japan's Nikkei index&nbsp;closed down 2.49%.</p><p>The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.</p><p>At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.</p><p>($1 = 6.4537 Chinese yuan renminbi)</p><p>(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong stocks track fall in other Asian markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stocks track fall in other Asian markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-13 16:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>HK-&gt;Shanghai Connect daily quota used -3.9%, Shanghai-&gt;HK daily quota used 7%</li><li>HSI -1.8%, HSCE -2.1%, CSI300 -1.0%</li><li>FTSE China A50 -1.1%</li></ul><p>May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.</p><p>At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.</p><p>The sub-index of the Hang Seng tracking energy shares&nbsp;dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.</p><p>The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.</p><p>Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.</p><p>Tensions between Beijing and Washington added to the pressure.</p><p>The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.</p><p>Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.</p><p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.37%, while Japan's Nikkei index&nbsp;closed down 2.49%.</p><p>The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.</p><p>At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.</p><p>($1 = 6.4537 Chinese yuan renminbi)</p><p>(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02319":"蒙牛乳业","03143":"华夏香港银行股","HSCEI":"国企指数","00669":"创科实业","01024":"快手-W","03692":"翰森制药","HSI":"恒生指数","03988":"中国银行","HSCCI":"红筹指数","09999":"网易-S","06186":"中国飞鹤"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135584647","content_text":"HK->Shanghai Connect daily quota used -3.9%, Shanghai->HK daily quota used 7%HSI -1.8%, HSCE -2.1%, CSI300 -1.0%FTSE China A50 -1.1%May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.The sub-index of the Hang Seng tracking energy shares dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.Tensions between Beijing and Washington added to the pressure.The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.37%, while Japan's Nikkei index closed down 2.49%.The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.($1 = 6.4537 Chinese yuan renminbi)(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191411919,"gmtCreate":1620897717731,"gmtModify":1634195471176,"author":{"id":"3583988949032845","authorId":"3583988949032845","name":"LawranceHui","avatar":"https://static.tigerbbs.com/edaab08a3daa72da39bbbe09d2e6b46f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583988949032845","authorIdStr":"3583988949032845"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191411919","repostId":"1147949263","repostType":4,"repost":{"id":"1147949263","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620897039,"share":"https://www.laohu8.com/m/news/1147949263?lang=&edition=full","pubTime":"2021-05-13 17:10","market":"us","language":"en","title":"Bilibili Q1 revenues reached $595.4M(+68%Y/Y), DAUs reached 60.1M(+18%Y/Y)","url":"https://stock-news.laohu8.com/highlight/detail?id=1147949263","media":"Tiger Newspress","summary":"Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a lea","content":"<p>Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><b>First Quarter 2021 Highlights:</b></p><ul><li><b>Total net revenues</b>reached RMB3,901.1 million (US$595.4 million), a 68% increase from the same period in 2020.</li><li><b>Average monthly active users (MAUs)</b>reached 223.3 million, and mobile MAUs reached 208.5 million, representing increases of 30% and 33%, respectively, from the same period in 2020.</li><li><b>Average daily active users (DAUs)</b>reached 60.1 million, an 18% increase from the same period in 2020.</li><li><b>Average monthly paying users (MPUs1)</b>reached 20.5 million, a 53% increase from the same period in 2020.</li></ul><p>“We kicked off 2021 with strong user growth and topline expansion, placing us firmly on track to achieve our growth target,” said Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili. “With a booming content ecosystem and fervent community bonds, our MAUs reached 223 million in the first quarter, up 30% compared with last year’s high base. Our users remained active and engaged, spending a daily average of 82 minutes on our platform. On March 29, 2021, we successfully completed our dual listing on the Hong Kong Stock Exchange, welcoming a broader base of investors and extending our presence in a financial market closer to home. Riding the massive wave of videolization, we aim to further grow our mindshare among the Gen Z+ demographic as the premium destination for video-based content and seize the tremendous growth opportunities in the video-based industry.”</p><p>Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “We achieved strong financial performance in the first quarter, with record revenues of RMB3,901 million, up 68% year-over-year. MPUs increased to 20.5 million promoting our paying ratio to a record 9.2%. Our gross margin also improved to 24%, compared with 23% for the same period last year. With the completion of our Hong Kong public offering, we successfully raised approximately HKD22.9 billion after deducting underwriting fees and other offering expenses, which places us in healthy financial standings that support our growth. Our focus remains on investing in our increasingly robust content ecosystem as we continue to build our dynamic video-based Bilibili brand.”</p><p><b>First Quarter 2021 Financial Results</b></p><p><b>Total net revenues.</b>Total net revenues were RMB3,901.1 million (US$595.4 million), representing an increase of 68% from the same period of 2020.</p><p><i>Mobile games.</i>Revenues from mobile games were RMB1,170.7 million (US$178.7 million), representing an increase of 2% from the same period of 2020.</p><p><i>Value-added services (VAS).</i>Revenues from VAS were RMB1,496.5 million (US$228.4 million), representing an increase of 89% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by increases in the number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.</p><p><i>Advertising.</i>Revenues from advertising were RMB714.7 million (US$109.1 million), representing an increase of 234% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.</p><p><i>E-commerce and others.</i>Revenues from e-commerce and others were RMB519.2 million (US$79.2 million), representing an increase of 230% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.</p><p><b>Cost of revenues.</b>Cost of revenues was RMB2,963.2 million (US$452.3 million), representing an increase of 66%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB1,400.7 million (US$213.8 million), representing an increase of 58% from the same period in 2020.</p><p><b>Gross profit.</b>Gross profit was RMB937.9 million (US$143.1 million), representing an increase of 77% from the same period in 2020, which was primarily due to increased net revenues.</p><p><b>Total operating expenses.</b>Total operating expenses were RMB1,968.8 million (US$300.5 million), representing an increase of 83% from the same period of 2020.</p><p><i>Sales and marketing expenses.</i>Sales and marketing expenses were RMB1,000.1 million (US$152.6 million), representing a 65% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as an increase in headcount in sales and marketing personnel.</p><p><i>General and administrative expenses.</i>General and administrative expenses were RMB388.5 million (US$59.3 million), representing a 127% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.</p><p><i>Research and development expenses.</i>Research and development expenses were RMB580.3 million (US$88.6 million), representing a 95% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.</p><p><b>Loss from operations.</b>Loss from operations was RMB1,031.0 million (US$157.4 million), compared with RMB544.2 million in the same period of 2020.</p><p><b>Income tax expense.</b>Income tax expense was RMB12.5 million (US$1.9 million), compared with RMB9.4 million in the same period of 2020.</p><p><b>Net loss.</b>Net loss was RMB904.9 million (US$138.1 million), compared with RMB538.6 million in the same period of 2020.</p><p><b>Adjusted net loss2.</b>Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions and income tax related to intangible assets acquired through business acquisition, was RMB665.8 million (US$101.6 million), compared to RMB474.6 million in the same period of 2020.</p><p><b>Basic and diluted EPS and adjustedbasic and diluted EPS2</b>. Basic and diluted net loss per share were RMB2.54 (US$0.39), compared with RMB1.62 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB1.87 (US$0.29), compared with RMB1.43 in the same period of 2020.</p><p><b>Cash and cash equivalents, time deposits and short-term investments.</b>As of March 31, 2021, the Company had cash and cash equivalents, time deposits, as well as short-term investments of RMB27.0 billion (US$4.1 billion), compared with RMB12.8 billion as of December 31, 2020.</p><p><b>Secondary Listing in Hong Kong</b></p><p>On March 29, 2021, Bilibili successfully listed its Class Z ordinary shares on the main board of the Hong Kong Stock Exchange. The Company issued a total 28,750,000 Class Z ordinary shares in the global offering, including the fully exercised over-allotment option of 3,750,000 Class Z ordinary shares on April 21, 2021. Net proceeds from the global offering, including the over-allotment option, after deducting underwriting fees and other offering expenses, were approximately HKD22.9 billion.</p><p><b>Outlook</b></p><p>For the second quarter of 2021, the Company currently expects net revenues to be between RMB4.25 billion and RMB4.35 billion.</p><p>The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties, including those related to the ongoing COVID-19 pandemic.</p><p>1The paying users&nbsp;refer to users who make payments for various products and services on our platform, including purchases in games&nbsp;and payments for VAS (excluding purchases on our e-commerce platform). A user who makes payments across different products and services offered on our platform using the same registered account is counted as one paying user and we add the number of paying users of Maoer towards our total paying users without eliminating duplicates.</p><p>2Adjusted net loss and adjusted&nbsp;basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this announcement.</p><p>Bilibili&nbsp;rose 1.49% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/7fe5891901fba19e1fa9ad449596e068\" tg-width=\"766\" tg-height=\"494\"></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili Q1 revenues reached $595.4M(+68%Y/Y), DAUs reached 60.1M(+18%Y/Y)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili Q1 revenues reached $595.4M(+68%Y/Y), DAUs reached 60.1M(+18%Y/Y)\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-13 17:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><b>First Quarter 2021 Highlights:</b></p><ul><li><b>Total net revenues</b>reached RMB3,901.1 million (US$595.4 million), a 68% increase from the same period in 2020.</li><li><b>Average monthly active users (MAUs)</b>reached 223.3 million, and mobile MAUs reached 208.5 million, representing increases of 30% and 33%, respectively, from the same period in 2020.</li><li><b>Average daily active users (DAUs)</b>reached 60.1 million, an 18% increase from the same period in 2020.</li><li><b>Average monthly paying users (MPUs1)</b>reached 20.5 million, a 53% increase from the same period in 2020.</li></ul><p>“We kicked off 2021 with strong user growth and topline expansion, placing us firmly on track to achieve our growth target,” said Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili. “With a booming content ecosystem and fervent community bonds, our MAUs reached 223 million in the first quarter, up 30% compared with last year’s high base. Our users remained active and engaged, spending a daily average of 82 minutes on our platform. On March 29, 2021, we successfully completed our dual listing on the Hong Kong Stock Exchange, welcoming a broader base of investors and extending our presence in a financial market closer to home. Riding the massive wave of videolization, we aim to further grow our mindshare among the Gen Z+ demographic as the premium destination for video-based content and seize the tremendous growth opportunities in the video-based industry.”</p><p>Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “We achieved strong financial performance in the first quarter, with record revenues of RMB3,901 million, up 68% year-over-year. MPUs increased to 20.5 million promoting our paying ratio to a record 9.2%. Our gross margin also improved to 24%, compared with 23% for the same period last year. With the completion of our Hong Kong public offering, we successfully raised approximately HKD22.9 billion after deducting underwriting fees and other offering expenses, which places us in healthy financial standings that support our growth. Our focus remains on investing in our increasingly robust content ecosystem as we continue to build our dynamic video-based Bilibili brand.”</p><p><b>First Quarter 2021 Financial Results</b></p><p><b>Total net revenues.</b>Total net revenues were RMB3,901.1 million (US$595.4 million), representing an increase of 68% from the same period of 2020.</p><p><i>Mobile games.</i>Revenues from mobile games were RMB1,170.7 million (US$178.7 million), representing an increase of 2% from the same period of 2020.</p><p><i>Value-added services (VAS).</i>Revenues from VAS were RMB1,496.5 million (US$228.4 million), representing an increase of 89% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by increases in the number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.</p><p><i>Advertising.</i>Revenues from advertising were RMB714.7 million (US$109.1 million), representing an increase of 234% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.</p><p><i>E-commerce and others.</i>Revenues from e-commerce and others were RMB519.2 million (US$79.2 million), representing an increase of 230% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.</p><p><b>Cost of revenues.</b>Cost of revenues was RMB2,963.2 million (US$452.3 million), representing an increase of 66%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB1,400.7 million (US$213.8 million), representing an increase of 58% from the same period in 2020.</p><p><b>Gross profit.</b>Gross profit was RMB937.9 million (US$143.1 million), representing an increase of 77% from the same period in 2020, which was primarily due to increased net revenues.</p><p><b>Total operating expenses.</b>Total operating expenses were RMB1,968.8 million (US$300.5 million), representing an increase of 83% from the same period of 2020.</p><p><i>Sales and marketing expenses.</i>Sales and marketing expenses were RMB1,000.1 million (US$152.6 million), representing a 65% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as an increase in headcount in sales and marketing personnel.</p><p><i>General and administrative expenses.</i>General and administrative expenses were RMB388.5 million (US$59.3 million), representing a 127% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.</p><p><i>Research and development expenses.</i>Research and development expenses were RMB580.3 million (US$88.6 million), representing a 95% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.</p><p><b>Loss from operations.</b>Loss from operations was RMB1,031.0 million (US$157.4 million), compared with RMB544.2 million in the same period of 2020.</p><p><b>Income tax expense.</b>Income tax expense was RMB12.5 million (US$1.9 million), compared with RMB9.4 million in the same period of 2020.</p><p><b>Net loss.</b>Net loss was RMB904.9 million (US$138.1 million), compared with RMB538.6 million in the same period of 2020.</p><p><b>Adjusted net loss2.</b>Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions and income tax related to intangible assets acquired through business acquisition, was RMB665.8 million (US$101.6 million), compared to RMB474.6 million in the same period of 2020.</p><p><b>Basic and diluted EPS and adjustedbasic and diluted EPS2</b>. Basic and diluted net loss per share were RMB2.54 (US$0.39), compared with RMB1.62 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB1.87 (US$0.29), compared with RMB1.43 in the same period of 2020.</p><p><b>Cash and cash equivalents, time deposits and short-term investments.</b>As of March 31, 2021, the Company had cash and cash equivalents, time deposits, as well as short-term investments of RMB27.0 billion (US$4.1 billion), compared with RMB12.8 billion as of December 31, 2020.</p><p><b>Secondary Listing in Hong Kong</b></p><p>On March 29, 2021, Bilibili successfully listed its Class Z ordinary shares on the main board of the Hong Kong Stock Exchange. The Company issued a total 28,750,000 Class Z ordinary shares in the global offering, including the fully exercised over-allotment option of 3,750,000 Class Z ordinary shares on April 21, 2021. Net proceeds from the global offering, including the over-allotment option, after deducting underwriting fees and other offering expenses, were approximately HKD22.9 billion.</p><p><b>Outlook</b></p><p>For the second quarter of 2021, the Company currently expects net revenues to be between RMB4.25 billion and RMB4.35 billion.</p><p>The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties, including those related to the ongoing COVID-19 pandemic.</p><p>1The paying users&nbsp;refer to users who make payments for various products and services on our platform, including purchases in games&nbsp;and payments for VAS (excluding purchases on our e-commerce platform). A user who makes payments across different products and services offered on our platform using the same registered account is counted as one paying user and we add the number of paying users of Maoer towards our total paying users without eliminating duplicates.</p><p>2Adjusted net loss and adjusted&nbsp;basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this announcement.</p><p>Bilibili&nbsp;rose 1.49% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/7fe5891901fba19e1fa9ad449596e068\" tg-width=\"766\" tg-height=\"494\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09626":"哔哩哔哩-W","BILI":"哔哩哔哩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147949263","content_text":"Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.First Quarter 2021 Highlights:Total net revenuesreached RMB3,901.1 million (US$595.4 million), a 68% increase from the same period in 2020.Average monthly active users (MAUs)reached 223.3 million, and mobile MAUs reached 208.5 million, representing increases of 30% and 33%, respectively, from the same period in 2020.Average daily active users (DAUs)reached 60.1 million, an 18% increase from the same period in 2020.Average monthly paying users (MPUs1)reached 20.5 million, a 53% increase from the same period in 2020.“We kicked off 2021 with strong user growth and topline expansion, placing us firmly on track to achieve our growth target,” said Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili. “With a booming content ecosystem and fervent community bonds, our MAUs reached 223 million in the first quarter, up 30% compared with last year’s high base. Our users remained active and engaged, spending a daily average of 82 minutes on our platform. On March 29, 2021, we successfully completed our dual listing on the Hong Kong Stock Exchange, welcoming a broader base of investors and extending our presence in a financial market closer to home. Riding the massive wave of videolization, we aim to further grow our mindshare among the Gen Z+ demographic as the premium destination for video-based content and seize the tremendous growth opportunities in the video-based industry.”Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “We achieved strong financial performance in the first quarter, with record revenues of RMB3,901 million, up 68% year-over-year. MPUs increased to 20.5 million promoting our paying ratio to a record 9.2%. Our gross margin also improved to 24%, compared with 23% for the same period last year. With the completion of our Hong Kong public offering, we successfully raised approximately HKD22.9 billion after deducting underwriting fees and other offering expenses, which places us in healthy financial standings that support our growth. Our focus remains on investing in our increasingly robust content ecosystem as we continue to build our dynamic video-based Bilibili brand.”First Quarter 2021 Financial ResultsTotal net revenues.Total net revenues were RMB3,901.1 million (US$595.4 million), representing an increase of 68% from the same period of 2020.Mobile games.Revenues from mobile games were RMB1,170.7 million (US$178.7 million), representing an increase of 2% from the same period of 2020.Value-added services (VAS).Revenues from VAS were RMB1,496.5 million (US$228.4 million), representing an increase of 89% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by increases in the number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.Advertising.Revenues from advertising were RMB714.7 million (US$109.1 million), representing an increase of 234% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.E-commerce and others.Revenues from e-commerce and others were RMB519.2 million (US$79.2 million), representing an increase of 230% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.Cost of revenues.Cost of revenues was RMB2,963.2 million (US$452.3 million), representing an increase of 66%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB1,400.7 million (US$213.8 million), representing an increase of 58% from the same period in 2020.Gross profit.Gross profit was RMB937.9 million (US$143.1 million), representing an increase of 77% from the same period in 2020, which was primarily due to increased net revenues.Total operating expenses.Total operating expenses were RMB1,968.8 million (US$300.5 million), representing an increase of 83% from the same period of 2020.Sales and marketing expenses.Sales and marketing expenses were RMB1,000.1 million (US$152.6 million), representing a 65% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as an increase in headcount in sales and marketing personnel.General and administrative expenses.General and administrative expenses were RMB388.5 million (US$59.3 million), representing a 127% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.Research and development expenses.Research and development expenses were RMB580.3 million (US$88.6 million), representing a 95% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.Loss from operations.Loss from operations was RMB1,031.0 million (US$157.4 million), compared with RMB544.2 million in the same period of 2020.Income tax expense.Income tax expense was RMB12.5 million (US$1.9 million), compared with RMB9.4 million in the same period of 2020.Net loss.Net loss was RMB904.9 million (US$138.1 million), compared with RMB538.6 million in the same period of 2020.Adjusted net loss2.Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions and income tax related to intangible assets acquired through business acquisition, was RMB665.8 million (US$101.6 million), compared to RMB474.6 million in the same period of 2020.Basic and diluted EPS and adjustedbasic and diluted EPS2. Basic and diluted net loss per share were RMB2.54 (US$0.39), compared with RMB1.62 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB1.87 (US$0.29), compared with RMB1.43 in the same period of 2020.Cash and cash equivalents, time deposits and short-term investments.As of March 31, 2021, the Company had cash and cash equivalents, time deposits, as well as short-term investments of RMB27.0 billion (US$4.1 billion), compared with RMB12.8 billion as of December 31, 2020.Secondary Listing in Hong KongOn March 29, 2021, Bilibili successfully listed its Class Z ordinary shares on the main board of the Hong Kong Stock Exchange. The Company issued a total 28,750,000 Class Z ordinary shares in the global offering, including the fully exercised over-allotment option of 3,750,000 Class Z ordinary shares on April 21, 2021. Net proceeds from the global offering, including the over-allotment option, after deducting underwriting fees and other offering expenses, were approximately HKD22.9 billion.OutlookFor the second quarter of 2021, the Company currently expects net revenues to be between RMB4.25 billion and RMB4.35 billion.The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties, including those related to the ongoing COVID-19 pandemic.1The paying users refer to users who make payments for various products and services on our platform, including purchases in games and payments for VAS (excluding purchases on our e-commerce platform). A user who makes payments across different products and services offered on our platform using the same registered account is counted as one paying user and we add the number of paying users of Maoer towards our total paying users without eliminating duplicates.2Adjusted net loss and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this announcement.Bilibili rose 1.49% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191419893,"gmtCreate":1620897573512,"gmtModify":1634195472556,"author":{"id":"3583988949032845","authorId":"3583988949032845","name":"LawranceHui","avatar":"https://static.tigerbbs.com/edaab08a3daa72da39bbbe09d2e6b46f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583988949032845","authorIdStr":"3583988949032845"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191419893","repostId":"1115369155","repostType":4,"repost":{"id":"1115369155","kind":"news","pubTimestamp":1620895435,"share":"https://www.laohu8.com/m/news/1115369155?lang=&edition=full","pubTime":"2021-05-13 16:43","market":"us","language":"en","title":"Roku Stock Is Still Priced Right After Post-Earnings Boost","url":"https://stock-news.laohu8.com/highlight/detail?id=1115369155","media":"InvestorPlace","summary":"After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n\nRoku(NASDAQ:RO","content":"<blockquote>\n After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n</blockquote>\n<p><b>Roku</b>(NASDAQ:<b><u>ROKU</u></b>) holds an interesting position in the video streaming war. The company is a long-time player — a streaming pioneer, really. Roku hardware and smart TVs running Roku software are in more American homes than any competing systems. Those Roku devices are typically used to access other streaming video services. However, Roku’s strategy of selling advertising on its free Roku Channel is increasingly paying off. In its latest quarter, the company beat analyst expectations and posted a surprise profit. The market responded with an 11.6% pop for ROKU stock.</p>\n<p>A month ago,I wrotethat the Roku Channel was likely to pay off for the company, making ROKU stock well worth considering. My timing was a little off. ROKU continued to slide. But the company’s first-quarter earnings win shows that the Roku Channel has been a smart move.</p>\n<p>I suspect the worst of the stock’s 2021 slump is now behind it. In which case, now would be the time to make a move if you want to add this video streaming pioneer to your portfolio.</p>\n<p><b>A Killer First Quarter Boosts ROKU Stock</b></p>\n<p>In February, Roku delivered its full-year 2020 numbers. They were very good. Revenue was up 58% year over year, the company added 14.3 million active accounts and platform revenue was up 71%. It’s no coincidence that in February, ROKU stock was trading at all-time highs.</p>\n<p>Analysts weren’t expecting the picture for the first quarter to be quite so strong. Wall Street was looking forQ1 revenue of $490.6 million, with a loss of 13 cents per share. The reasoning was that much of that 2020 performance was attributable to the coronavirus pandemic. People were staying at home and starved for entertainment. With vaccinations under way and the country opening up, being parked in front of a TV would be losing its appeal.</p>\n<p>Rokuproved the sceptics wrong. Revenue for the quarter grew 79% YoY, hitting $574.2 million. Platform revenue was up 101% YoY. The company added 2.4 million new active user accounts and the average revenue per user grew 32% YoY. Roku even beat its own projection for a loss on the quarter, instead delivering earnings per share of 59 cents.</p>\n<p>The company’s Roku Channel now reaches 70 million U.S. households. That growth has helped to drive advertising revenue for free content, and generated the cash needed to fund original content. This, in turn, helps generate more ad revenue, in what Roku describes as the “Roku Channel flywheel.”</p>\n<p>The big earnings beat sent ROKU stock to a $317 close, a single-day gain of 11.6%.</p>\n<p><b>There Are Risks</b></p>\n<p>While the news from Roku was mostly positive for investors, the company did warn it faces potential headwinds. Analysts were quick to note that the pace of adding new active user accounts had slowed. It was up nearly 35% YoY, but that is the slowest pace of new account acquisitions in several years.</p>\n<p>Among Roku’s identified areas of concern are the expected slowdown in growth of ad spending (especially compared to the second half of 2020 when advertisers began spending big after clamping down early in the pandemic). The company is anticipating supply chain issues to persist through 2021 — impacting margins for Roku streamers and potentially disrupting Roku-equipped TV sales. And while Roku expects the addition of active user accounts to be better than pre-pandemic levels, with a return to normalcy the huge YoY growth numbers posted in 2020 may not be attainable.</p>\n<p><b>Bottom Line on ROKU Stock</b></p>\n<p>Factor out the slump that ROKU stock has been in since mid-February, and the growth picture is impressive. In the order of 1,670% over the past 5 years. It’s hard to argue against that kind of return.</p>\n<p>On the other side of the coin, as a<i>Portfolio Grader</i>‘B’ rated stock, the picture isn’t all roses. Roku itself has identified a number of potential headwinds to be faced. However, the company still sees “significant long-term opportunity ahead” and I think that nicely sums up the case for ROKU stock.</p>\n<p>Significant long-term growth opportunity ahead.</p>\n<p><i>On the date of publication, Louis Navellier had a long position in ROKU. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.</i></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roku Stock Is Still Priced Right After Post-Earnings Boost</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoku Stock Is Still Priced Right After Post-Earnings Boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 16:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/05/roku-stock-is-still-priced-right-after-post-earnings-boost/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n\nRoku(NASDAQ:ROKU) holds an interesting position in the video streaming war. The company is a long-time player — a ...</p>\n\n<a href=\"https://investorplace.com/2021/05/roku-stock-is-still-priced-right-after-post-earnings-boost/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"source_url":"https://investorplace.com/2021/05/roku-stock-is-still-priced-right-after-post-earnings-boost/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115369155","content_text":"After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n\nRoku(NASDAQ:ROKU) holds an interesting position in the video streaming war. The company is a long-time player — a streaming pioneer, really. Roku hardware and smart TVs running Roku software are in more American homes than any competing systems. Those Roku devices are typically used to access other streaming video services. However, Roku’s strategy of selling advertising on its free Roku Channel is increasingly paying off. In its latest quarter, the company beat analyst expectations and posted a surprise profit. The market responded with an 11.6% pop for ROKU stock.\nA month ago,I wrotethat the Roku Channel was likely to pay off for the company, making ROKU stock well worth considering. My timing was a little off. ROKU continued to slide. But the company’s first-quarter earnings win shows that the Roku Channel has been a smart move.\nI suspect the worst of the stock’s 2021 slump is now behind it. In which case, now would be the time to make a move if you want to add this video streaming pioneer to your portfolio.\nA Killer First Quarter Boosts ROKU Stock\nIn February, Roku delivered its full-year 2020 numbers. They were very good. Revenue was up 58% year over year, the company added 14.3 million active accounts and platform revenue was up 71%. It’s no coincidence that in February, ROKU stock was trading at all-time highs.\nAnalysts weren’t expecting the picture for the first quarter to be quite so strong. Wall Street was looking forQ1 revenue of $490.6 million, with a loss of 13 cents per share. The reasoning was that much of that 2020 performance was attributable to the coronavirus pandemic. People were staying at home and starved for entertainment. With vaccinations under way and the country opening up, being parked in front of a TV would be losing its appeal.\nRokuproved the sceptics wrong. Revenue for the quarter grew 79% YoY, hitting $574.2 million. Platform revenue was up 101% YoY. The company added 2.4 million new active user accounts and the average revenue per user grew 32% YoY. Roku even beat its own projection for a loss on the quarter, instead delivering earnings per share of 59 cents.\nThe company’s Roku Channel now reaches 70 million U.S. households. That growth has helped to drive advertising revenue for free content, and generated the cash needed to fund original content. This, in turn, helps generate more ad revenue, in what Roku describes as the “Roku Channel flywheel.”\nThe big earnings beat sent ROKU stock to a $317 close, a single-day gain of 11.6%.\nThere Are Risks\nWhile the news from Roku was mostly positive for investors, the company did warn it faces potential headwinds. Analysts were quick to note that the pace of adding new active user accounts had slowed. It was up nearly 35% YoY, but that is the slowest pace of new account acquisitions in several years.\nAmong Roku’s identified areas of concern are the expected slowdown in growth of ad spending (especially compared to the second half of 2020 when advertisers began spending big after clamping down early in the pandemic). The company is anticipating supply chain issues to persist through 2021 — impacting margins for Roku streamers and potentially disrupting Roku-equipped TV sales. And while Roku expects the addition of active user accounts to be better than pre-pandemic levels, with a return to normalcy the huge YoY growth numbers posted in 2020 may not be attainable.\nBottom Line on ROKU Stock\nFactor out the slump that ROKU stock has been in since mid-February, and the growth picture is impressive. In the order of 1,670% over the past 5 years. It’s hard to argue against that kind of return.\nOn the other side of the coin, as aPortfolio Grader‘B’ rated stock, the picture isn’t all roses. Roku itself has identified a number of potential headwinds to be faced. However, the company still sees “significant long-term opportunity ahead” and I think that nicely sums up the case for ROKU stock.\nSignificant long-term growth opportunity ahead.\nOn the date of publication, Louis Navellier had a long position in ROKU. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.","news_type":1},"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":191411919,"gmtCreate":1620897717731,"gmtModify":1634195471176,"author":{"id":"3583988949032845","authorId":"3583988949032845","name":"LawranceHui","avatar":"https://static.tigerbbs.com/edaab08a3daa72da39bbbe09d2e6b46f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583988949032845","authorIdStr":"3583988949032845"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191411919","repostId":"1147949263","repostType":4,"repost":{"id":"1147949263","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620897039,"share":"https://www.laohu8.com/m/news/1147949263?lang=&edition=full","pubTime":"2021-05-13 17:10","market":"us","language":"en","title":"Bilibili Q1 revenues reached $595.4M(+68%Y/Y), DAUs reached 60.1M(+18%Y/Y)","url":"https://stock-news.laohu8.com/highlight/detail?id=1147949263","media":"Tiger Newspress","summary":"Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a lea","content":"<p>Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><b>First Quarter 2021 Highlights:</b></p><ul><li><b>Total net revenues</b>reached RMB3,901.1 million (US$595.4 million), a 68% increase from the same period in 2020.</li><li><b>Average monthly active users (MAUs)</b>reached 223.3 million, and mobile MAUs reached 208.5 million, representing increases of 30% and 33%, respectively, from the same period in 2020.</li><li><b>Average daily active users (DAUs)</b>reached 60.1 million, an 18% increase from the same period in 2020.</li><li><b>Average monthly paying users (MPUs1)</b>reached 20.5 million, a 53% increase from the same period in 2020.</li></ul><p>“We kicked off 2021 with strong user growth and topline expansion, placing us firmly on track to achieve our growth target,” said Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili. “With a booming content ecosystem and fervent community bonds, our MAUs reached 223 million in the first quarter, up 30% compared with last year’s high base. Our users remained active and engaged, spending a daily average of 82 minutes on our platform. On March 29, 2021, we successfully completed our dual listing on the Hong Kong Stock Exchange, welcoming a broader base of investors and extending our presence in a financial market closer to home. Riding the massive wave of videolization, we aim to further grow our mindshare among the Gen Z+ demographic as the premium destination for video-based content and seize the tremendous growth opportunities in the video-based industry.”</p><p>Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “We achieved strong financial performance in the first quarter, with record revenues of RMB3,901 million, up 68% year-over-year. MPUs increased to 20.5 million promoting our paying ratio to a record 9.2%. Our gross margin also improved to 24%, compared with 23% for the same period last year. With the completion of our Hong Kong public offering, we successfully raised approximately HKD22.9 billion after deducting underwriting fees and other offering expenses, which places us in healthy financial standings that support our growth. Our focus remains on investing in our increasingly robust content ecosystem as we continue to build our dynamic video-based Bilibili brand.”</p><p><b>First Quarter 2021 Financial Results</b></p><p><b>Total net revenues.</b>Total net revenues were RMB3,901.1 million (US$595.4 million), representing an increase of 68% from the same period of 2020.</p><p><i>Mobile games.</i>Revenues from mobile games were RMB1,170.7 million (US$178.7 million), representing an increase of 2% from the same period of 2020.</p><p><i>Value-added services (VAS).</i>Revenues from VAS were RMB1,496.5 million (US$228.4 million), representing an increase of 89% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by increases in the number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.</p><p><i>Advertising.</i>Revenues from advertising were RMB714.7 million (US$109.1 million), representing an increase of 234% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.</p><p><i>E-commerce and others.</i>Revenues from e-commerce and others were RMB519.2 million (US$79.2 million), representing an increase of 230% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.</p><p><b>Cost of revenues.</b>Cost of revenues was RMB2,963.2 million (US$452.3 million), representing an increase of 66%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB1,400.7 million (US$213.8 million), representing an increase of 58% from the same period in 2020.</p><p><b>Gross profit.</b>Gross profit was RMB937.9 million (US$143.1 million), representing an increase of 77% from the same period in 2020, which was primarily due to increased net revenues.</p><p><b>Total operating expenses.</b>Total operating expenses were RMB1,968.8 million (US$300.5 million), representing an increase of 83% from the same period of 2020.</p><p><i>Sales and marketing expenses.</i>Sales and marketing expenses were RMB1,000.1 million (US$152.6 million), representing a 65% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as an increase in headcount in sales and marketing personnel.</p><p><i>General and administrative expenses.</i>General and administrative expenses were RMB388.5 million (US$59.3 million), representing a 127% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.</p><p><i>Research and development expenses.</i>Research and development expenses were RMB580.3 million (US$88.6 million), representing a 95% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.</p><p><b>Loss from operations.</b>Loss from operations was RMB1,031.0 million (US$157.4 million), compared with RMB544.2 million in the same period of 2020.</p><p><b>Income tax expense.</b>Income tax expense was RMB12.5 million (US$1.9 million), compared with RMB9.4 million in the same period of 2020.</p><p><b>Net loss.</b>Net loss was RMB904.9 million (US$138.1 million), compared with RMB538.6 million in the same period of 2020.</p><p><b>Adjusted net loss2.</b>Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions and income tax related to intangible assets acquired through business acquisition, was RMB665.8 million (US$101.6 million), compared to RMB474.6 million in the same period of 2020.</p><p><b>Basic and diluted EPS and adjustedbasic and diluted EPS2</b>. Basic and diluted net loss per share were RMB2.54 (US$0.39), compared with RMB1.62 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB1.87 (US$0.29), compared with RMB1.43 in the same period of 2020.</p><p><b>Cash and cash equivalents, time deposits and short-term investments.</b>As of March 31, 2021, the Company had cash and cash equivalents, time deposits, as well as short-term investments of RMB27.0 billion (US$4.1 billion), compared with RMB12.8 billion as of December 31, 2020.</p><p><b>Secondary Listing in Hong Kong</b></p><p>On March 29, 2021, Bilibili successfully listed its Class Z ordinary shares on the main board of the Hong Kong Stock Exchange. The Company issued a total 28,750,000 Class Z ordinary shares in the global offering, including the fully exercised over-allotment option of 3,750,000 Class Z ordinary shares on April 21, 2021. Net proceeds from the global offering, including the over-allotment option, after deducting underwriting fees and other offering expenses, were approximately HKD22.9 billion.</p><p><b>Outlook</b></p><p>For the second quarter of 2021, the Company currently expects net revenues to be between RMB4.25 billion and RMB4.35 billion.</p><p>The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties, including those related to the ongoing COVID-19 pandemic.</p><p>1The paying users&nbsp;refer to users who make payments for various products and services on our platform, including purchases in games&nbsp;and payments for VAS (excluding purchases on our e-commerce platform). A user who makes payments across different products and services offered on our platform using the same registered account is counted as one paying user and we add the number of paying users of Maoer towards our total paying users without eliminating duplicates.</p><p>2Adjusted net loss and adjusted&nbsp;basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this announcement.</p><p>Bilibili&nbsp;rose 1.49% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/7fe5891901fba19e1fa9ad449596e068\" tg-width=\"766\" tg-height=\"494\"></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili Q1 revenues reached $595.4M(+68%Y/Y), DAUs reached 60.1M(+18%Y/Y)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili Q1 revenues reached $595.4M(+68%Y/Y), DAUs reached 60.1M(+18%Y/Y)\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-13 17:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><b>First Quarter 2021 Highlights:</b></p><ul><li><b>Total net revenues</b>reached RMB3,901.1 million (US$595.4 million), a 68% increase from the same period in 2020.</li><li><b>Average monthly active users (MAUs)</b>reached 223.3 million, and mobile MAUs reached 208.5 million, representing increases of 30% and 33%, respectively, from the same period in 2020.</li><li><b>Average daily active users (DAUs)</b>reached 60.1 million, an 18% increase from the same period in 2020.</li><li><b>Average monthly paying users (MPUs1)</b>reached 20.5 million, a 53% increase from the same period in 2020.</li></ul><p>“We kicked off 2021 with strong user growth and topline expansion, placing us firmly on track to achieve our growth target,” said Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili. “With a booming content ecosystem and fervent community bonds, our MAUs reached 223 million in the first quarter, up 30% compared with last year’s high base. Our users remained active and engaged, spending a daily average of 82 minutes on our platform. On March 29, 2021, we successfully completed our dual listing on the Hong Kong Stock Exchange, welcoming a broader base of investors and extending our presence in a financial market closer to home. Riding the massive wave of videolization, we aim to further grow our mindshare among the Gen Z+ demographic as the premium destination for video-based content and seize the tremendous growth opportunities in the video-based industry.”</p><p>Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “We achieved strong financial performance in the first quarter, with record revenues of RMB3,901 million, up 68% year-over-year. MPUs increased to 20.5 million promoting our paying ratio to a record 9.2%. Our gross margin also improved to 24%, compared with 23% for the same period last year. With the completion of our Hong Kong public offering, we successfully raised approximately HKD22.9 billion after deducting underwriting fees and other offering expenses, which places us in healthy financial standings that support our growth. Our focus remains on investing in our increasingly robust content ecosystem as we continue to build our dynamic video-based Bilibili brand.”</p><p><b>First Quarter 2021 Financial Results</b></p><p><b>Total net revenues.</b>Total net revenues were RMB3,901.1 million (US$595.4 million), representing an increase of 68% from the same period of 2020.</p><p><i>Mobile games.</i>Revenues from mobile games were RMB1,170.7 million (US$178.7 million), representing an increase of 2% from the same period of 2020.</p><p><i>Value-added services (VAS).</i>Revenues from VAS were RMB1,496.5 million (US$228.4 million), representing an increase of 89% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by increases in the number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.</p><p><i>Advertising.</i>Revenues from advertising were RMB714.7 million (US$109.1 million), representing an increase of 234% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.</p><p><i>E-commerce and others.</i>Revenues from e-commerce and others were RMB519.2 million (US$79.2 million), representing an increase of 230% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.</p><p><b>Cost of revenues.</b>Cost of revenues was RMB2,963.2 million (US$452.3 million), representing an increase of 66%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB1,400.7 million (US$213.8 million), representing an increase of 58% from the same period in 2020.</p><p><b>Gross profit.</b>Gross profit was RMB937.9 million (US$143.1 million), representing an increase of 77% from the same period in 2020, which was primarily due to increased net revenues.</p><p><b>Total operating expenses.</b>Total operating expenses were RMB1,968.8 million (US$300.5 million), representing an increase of 83% from the same period of 2020.</p><p><i>Sales and marketing expenses.</i>Sales and marketing expenses were RMB1,000.1 million (US$152.6 million), representing a 65% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as an increase in headcount in sales and marketing personnel.</p><p><i>General and administrative expenses.</i>General and administrative expenses were RMB388.5 million (US$59.3 million), representing a 127% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.</p><p><i>Research and development expenses.</i>Research and development expenses were RMB580.3 million (US$88.6 million), representing a 95% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.</p><p><b>Loss from operations.</b>Loss from operations was RMB1,031.0 million (US$157.4 million), compared with RMB544.2 million in the same period of 2020.</p><p><b>Income tax expense.</b>Income tax expense was RMB12.5 million (US$1.9 million), compared with RMB9.4 million in the same period of 2020.</p><p><b>Net loss.</b>Net loss was RMB904.9 million (US$138.1 million), compared with RMB538.6 million in the same period of 2020.</p><p><b>Adjusted net loss2.</b>Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions and income tax related to intangible assets acquired through business acquisition, was RMB665.8 million (US$101.6 million), compared to RMB474.6 million in the same period of 2020.</p><p><b>Basic and diluted EPS and adjustedbasic and diluted EPS2</b>. Basic and diluted net loss per share were RMB2.54 (US$0.39), compared with RMB1.62 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB1.87 (US$0.29), compared with RMB1.43 in the same period of 2020.</p><p><b>Cash and cash equivalents, time deposits and short-term investments.</b>As of March 31, 2021, the Company had cash and cash equivalents, time deposits, as well as short-term investments of RMB27.0 billion (US$4.1 billion), compared with RMB12.8 billion as of December 31, 2020.</p><p><b>Secondary Listing in Hong Kong</b></p><p>On March 29, 2021, Bilibili successfully listed its Class Z ordinary shares on the main board of the Hong Kong Stock Exchange. The Company issued a total 28,750,000 Class Z ordinary shares in the global offering, including the fully exercised over-allotment option of 3,750,000 Class Z ordinary shares on April 21, 2021. Net proceeds from the global offering, including the over-allotment option, after deducting underwriting fees and other offering expenses, were approximately HKD22.9 billion.</p><p><b>Outlook</b></p><p>For the second quarter of 2021, the Company currently expects net revenues to be between RMB4.25 billion and RMB4.35 billion.</p><p>The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties, including those related to the ongoing COVID-19 pandemic.</p><p>1The paying users&nbsp;refer to users who make payments for various products and services on our platform, including purchases in games&nbsp;and payments for VAS (excluding purchases on our e-commerce platform). A user who makes payments across different products and services offered on our platform using the same registered account is counted as one paying user and we add the number of paying users of Maoer towards our total paying users without eliminating duplicates.</p><p>2Adjusted net loss and adjusted&nbsp;basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this announcement.</p><p>Bilibili&nbsp;rose 1.49% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/7fe5891901fba19e1fa9ad449596e068\" tg-width=\"766\" tg-height=\"494\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09626":"哔哩哔哩-W","BILI":"哔哩哔哩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147949263","content_text":"Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.First Quarter 2021 Highlights:Total net revenuesreached RMB3,901.1 million (US$595.4 million), a 68% increase from the same period in 2020.Average monthly active users (MAUs)reached 223.3 million, and mobile MAUs reached 208.5 million, representing increases of 30% and 33%, respectively, from the same period in 2020.Average daily active users (DAUs)reached 60.1 million, an 18% increase from the same period in 2020.Average monthly paying users (MPUs1)reached 20.5 million, a 53% increase from the same period in 2020.“We kicked off 2021 with strong user growth and topline expansion, placing us firmly on track to achieve our growth target,” said Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili. “With a booming content ecosystem and fervent community bonds, our MAUs reached 223 million in the first quarter, up 30% compared with last year’s high base. Our users remained active and engaged, spending a daily average of 82 minutes on our platform. On March 29, 2021, we successfully completed our dual listing on the Hong Kong Stock Exchange, welcoming a broader base of investors and extending our presence in a financial market closer to home. Riding the massive wave of videolization, we aim to further grow our mindshare among the Gen Z+ demographic as the premium destination for video-based content and seize the tremendous growth opportunities in the video-based industry.”Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “We achieved strong financial performance in the first quarter, with record revenues of RMB3,901 million, up 68% year-over-year. MPUs increased to 20.5 million promoting our paying ratio to a record 9.2%. Our gross margin also improved to 24%, compared with 23% for the same period last year. With the completion of our Hong Kong public offering, we successfully raised approximately HKD22.9 billion after deducting underwriting fees and other offering expenses, which places us in healthy financial standings that support our growth. Our focus remains on investing in our increasingly robust content ecosystem as we continue to build our dynamic video-based Bilibili brand.”First Quarter 2021 Financial ResultsTotal net revenues.Total net revenues were RMB3,901.1 million (US$595.4 million), representing an increase of 68% from the same period of 2020.Mobile games.Revenues from mobile games were RMB1,170.7 million (US$178.7 million), representing an increase of 2% from the same period of 2020.Value-added services (VAS).Revenues from VAS were RMB1,496.5 million (US$228.4 million), representing an increase of 89% from the same period of 2020, mainly attributable to the Company’s enhanced monetization efforts, led by increases in the number of paying users for the Company’s value-added services including the premium membership program, live broadcasting services and other value-added services.Advertising.Revenues from advertising were RMB714.7 million (US$109.1 million), representing an increase of 234% from the same period of 2020. This increase was primarily attributable to further recognition of Bilibili’s brand name in China’s online advertising market, as well as Bilibili’s improved advertising efficiency.E-commerce and others.Revenues from e-commerce and others were RMB519.2 million (US$79.2 million), representing an increase of 230% from the same period of 2020, primarily attributable to the increase in sales of products through the Company’s e-commerce platform.Cost of revenues.Cost of revenues was RMB2,963.2 million (US$452.3 million), representing an increase of 66%, compared with the same period of 2020. Revenue-sharing cost, a key component of cost of revenues, was RMB1,400.7 million (US$213.8 million), representing an increase of 58% from the same period in 2020.Gross profit.Gross profit was RMB937.9 million (US$143.1 million), representing an increase of 77% from the same period in 2020, which was primarily due to increased net revenues.Total operating expenses.Total operating expenses were RMB1,968.8 million (US$300.5 million), representing an increase of 83% from the same period of 2020.Sales and marketing expenses.Sales and marketing expenses were RMB1,000.1 million (US$152.6 million), representing a 65% increase year-over-year. The increase was primarily attributable to increased channel and marketing expenses to promote Bilibili’s app and brand, as well as an increase in headcount in sales and marketing personnel.General and administrative expenses.General and administrative expenses were RMB388.5 million (US$59.3 million), representing a 127% increase year-over-year. The increase was primarily due to increased headcount in general and administrative personnel, increased share-based compensation expenses, higher rental expenses and other general and administrative expenses.Research and development expenses.Research and development expenses were RMB580.3 million (US$88.6 million), representing a 95% increase year-over-year. The increase was primarily due to increased headcount in research and development personnel and increased share-based compensation expenses.Loss from operations.Loss from operations was RMB1,031.0 million (US$157.4 million), compared with RMB544.2 million in the same period of 2020.Income tax expense.Income tax expense was RMB12.5 million (US$1.9 million), compared with RMB9.4 million in the same period of 2020.Net loss.Net loss was RMB904.9 million (US$138.1 million), compared with RMB538.6 million in the same period of 2020.Adjusted net loss2.Adjusted net loss, which is a non-GAAP measure that excludes share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions and income tax related to intangible assets acquired through business acquisition, was RMB665.8 million (US$101.6 million), compared to RMB474.6 million in the same period of 2020.Basic and diluted EPS and adjustedbasic and diluted EPS2. Basic and diluted net loss per share were RMB2.54 (US$0.39), compared with RMB1.62 in the same period of 2020. Adjusted basic and diluted net loss per share were RMB1.87 (US$0.29), compared with RMB1.43 in the same period of 2020.Cash and cash equivalents, time deposits and short-term investments.As of March 31, 2021, the Company had cash and cash equivalents, time deposits, as well as short-term investments of RMB27.0 billion (US$4.1 billion), compared with RMB12.8 billion as of December 31, 2020.Secondary Listing in Hong KongOn March 29, 2021, Bilibili successfully listed its Class Z ordinary shares on the main board of the Hong Kong Stock Exchange. The Company issued a total 28,750,000 Class Z ordinary shares in the global offering, including the fully exercised over-allotment option of 3,750,000 Class Z ordinary shares on April 21, 2021. Net proceeds from the global offering, including the over-allotment option, after deducting underwriting fees and other offering expenses, were approximately HKD22.9 billion.OutlookFor the second quarter of 2021, the Company currently expects net revenues to be between RMB4.25 billion and RMB4.35 billion.The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties, including those related to the ongoing COVID-19 pandemic.1The paying users refer to users who make payments for various products and services on our platform, including purchases in games and payments for VAS (excluding purchases on our e-commerce platform). A user who makes payments across different products and services offered on our platform using the same registered account is counted as one paying user and we add the number of paying users of Maoer towards our total paying users without eliminating duplicates.2Adjusted net loss and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this announcement.Bilibili rose 1.49% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191419893,"gmtCreate":1620897573512,"gmtModify":1634195472556,"author":{"id":"3583988949032845","authorId":"3583988949032845","name":"LawranceHui","avatar":"https://static.tigerbbs.com/edaab08a3daa72da39bbbe09d2e6b46f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583988949032845","authorIdStr":"3583988949032845"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191419893","repostId":"1115369155","repostType":4,"repost":{"id":"1115369155","kind":"news","pubTimestamp":1620895435,"share":"https://www.laohu8.com/m/news/1115369155?lang=&edition=full","pubTime":"2021-05-13 16:43","market":"us","language":"en","title":"Roku Stock Is Still Priced Right After Post-Earnings Boost","url":"https://stock-news.laohu8.com/highlight/detail?id=1115369155","media":"InvestorPlace","summary":"After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n\nRoku(NASDAQ:RO","content":"<blockquote>\n After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n</blockquote>\n<p><b>Roku</b>(NASDAQ:<b><u>ROKU</u></b>) holds an interesting position in the video streaming war. The company is a long-time player — a streaming pioneer, really. Roku hardware and smart TVs running Roku software are in more American homes than any competing systems. Those Roku devices are typically used to access other streaming video services. However, Roku’s strategy of selling advertising on its free Roku Channel is increasingly paying off. In its latest quarter, the company beat analyst expectations and posted a surprise profit. The market responded with an 11.6% pop for ROKU stock.</p>\n<p>A month ago,I wrotethat the Roku Channel was likely to pay off for the company, making ROKU stock well worth considering. My timing was a little off. ROKU continued to slide. But the company’s first-quarter earnings win shows that the Roku Channel has been a smart move.</p>\n<p>I suspect the worst of the stock’s 2021 slump is now behind it. In which case, now would be the time to make a move if you want to add this video streaming pioneer to your portfolio.</p>\n<p><b>A Killer First Quarter Boosts ROKU Stock</b></p>\n<p>In February, Roku delivered its full-year 2020 numbers. They were very good. Revenue was up 58% year over year, the company added 14.3 million active accounts and platform revenue was up 71%. It’s no coincidence that in February, ROKU stock was trading at all-time highs.</p>\n<p>Analysts weren’t expecting the picture for the first quarter to be quite so strong. Wall Street was looking forQ1 revenue of $490.6 million, with a loss of 13 cents per share. The reasoning was that much of that 2020 performance was attributable to the coronavirus pandemic. People were staying at home and starved for entertainment. With vaccinations under way and the country opening up, being parked in front of a TV would be losing its appeal.</p>\n<p>Rokuproved the sceptics wrong. Revenue for the quarter grew 79% YoY, hitting $574.2 million. Platform revenue was up 101% YoY. The company added 2.4 million new active user accounts and the average revenue per user grew 32% YoY. Roku even beat its own projection for a loss on the quarter, instead delivering earnings per share of 59 cents.</p>\n<p>The company’s Roku Channel now reaches 70 million U.S. households. That growth has helped to drive advertising revenue for free content, and generated the cash needed to fund original content. This, in turn, helps generate more ad revenue, in what Roku describes as the “Roku Channel flywheel.”</p>\n<p>The big earnings beat sent ROKU stock to a $317 close, a single-day gain of 11.6%.</p>\n<p><b>There Are Risks</b></p>\n<p>While the news from Roku was mostly positive for investors, the company did warn it faces potential headwinds. Analysts were quick to note that the pace of adding new active user accounts had slowed. It was up nearly 35% YoY, but that is the slowest pace of new account acquisitions in several years.</p>\n<p>Among Roku’s identified areas of concern are the expected slowdown in growth of ad spending (especially compared to the second half of 2020 when advertisers began spending big after clamping down early in the pandemic). The company is anticipating supply chain issues to persist through 2021 — impacting margins for Roku streamers and potentially disrupting Roku-equipped TV sales. And while Roku expects the addition of active user accounts to be better than pre-pandemic levels, with a return to normalcy the huge YoY growth numbers posted in 2020 may not be attainable.</p>\n<p><b>Bottom Line on ROKU Stock</b></p>\n<p>Factor out the slump that ROKU stock has been in since mid-February, and the growth picture is impressive. In the order of 1,670% over the past 5 years. It’s hard to argue against that kind of return.</p>\n<p>On the other side of the coin, as a<i>Portfolio Grader</i>‘B’ rated stock, the picture isn’t all roses. Roku itself has identified a number of potential headwinds to be faced. However, the company still sees “significant long-term opportunity ahead” and I think that nicely sums up the case for ROKU stock.</p>\n<p>Significant long-term growth opportunity ahead.</p>\n<p><i>On the date of publication, Louis Navellier had a long position in ROKU. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.</i></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roku Stock Is Still Priced Right After Post-Earnings Boost</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoku Stock Is Still Priced Right After Post-Earnings Boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 16:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/05/roku-stock-is-still-priced-right-after-post-earnings-boost/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n\nRoku(NASDAQ:ROKU) holds an interesting position in the video streaming war. The company is a long-time player — a ...</p>\n\n<a href=\"https://investorplace.com/2021/05/roku-stock-is-still-priced-right-after-post-earnings-boost/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"source_url":"https://investorplace.com/2021/05/roku-stock-is-still-priced-right-after-post-earnings-boost/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115369155","content_text":"After an extended slump, ROKU stock popped 11.6% on Friday after a big earnings win.\n\nRoku(NASDAQ:ROKU) holds an interesting position in the video streaming war. The company is a long-time player — a streaming pioneer, really. Roku hardware and smart TVs running Roku software are in more American homes than any competing systems. Those Roku devices are typically used to access other streaming video services. However, Roku’s strategy of selling advertising on its free Roku Channel is increasingly paying off. In its latest quarter, the company beat analyst expectations and posted a surprise profit. The market responded with an 11.6% pop for ROKU stock.\nA month ago,I wrotethat the Roku Channel was likely to pay off for the company, making ROKU stock well worth considering. My timing was a little off. ROKU continued to slide. But the company’s first-quarter earnings win shows that the Roku Channel has been a smart move.\nI suspect the worst of the stock’s 2021 slump is now behind it. In which case, now would be the time to make a move if you want to add this video streaming pioneer to your portfolio.\nA Killer First Quarter Boosts ROKU Stock\nIn February, Roku delivered its full-year 2020 numbers. They were very good. Revenue was up 58% year over year, the company added 14.3 million active accounts and platform revenue was up 71%. It’s no coincidence that in February, ROKU stock was trading at all-time highs.\nAnalysts weren’t expecting the picture for the first quarter to be quite so strong. Wall Street was looking forQ1 revenue of $490.6 million, with a loss of 13 cents per share. The reasoning was that much of that 2020 performance was attributable to the coronavirus pandemic. People were staying at home and starved for entertainment. With vaccinations under way and the country opening up, being parked in front of a TV would be losing its appeal.\nRokuproved the sceptics wrong. Revenue for the quarter grew 79% YoY, hitting $574.2 million. Platform revenue was up 101% YoY. The company added 2.4 million new active user accounts and the average revenue per user grew 32% YoY. Roku even beat its own projection for a loss on the quarter, instead delivering earnings per share of 59 cents.\nThe company’s Roku Channel now reaches 70 million U.S. households. That growth has helped to drive advertising revenue for free content, and generated the cash needed to fund original content. This, in turn, helps generate more ad revenue, in what Roku describes as the “Roku Channel flywheel.”\nThe big earnings beat sent ROKU stock to a $317 close, a single-day gain of 11.6%.\nThere Are Risks\nWhile the news from Roku was mostly positive for investors, the company did warn it faces potential headwinds. Analysts were quick to note that the pace of adding new active user accounts had slowed. It was up nearly 35% YoY, but that is the slowest pace of new account acquisitions in several years.\nAmong Roku’s identified areas of concern are the expected slowdown in growth of ad spending (especially compared to the second half of 2020 when advertisers began spending big after clamping down early in the pandemic). The company is anticipating supply chain issues to persist through 2021 — impacting margins for Roku streamers and potentially disrupting Roku-equipped TV sales. And while Roku expects the addition of active user accounts to be better than pre-pandemic levels, with a return to normalcy the huge YoY growth numbers posted in 2020 may not be attainable.\nBottom Line on ROKU Stock\nFactor out the slump that ROKU stock has been in since mid-February, and the growth picture is impressive. In the order of 1,670% over the past 5 years. It’s hard to argue against that kind of return.\nOn the other side of the coin, as aPortfolio Grader‘B’ rated stock, the picture isn’t all roses. Roku itself has identified a number of potential headwinds to be faced. However, the company still sees “significant long-term opportunity ahead” and I think that nicely sums up the case for ROKU stock.\nSignificant long-term growth opportunity ahead.\nOn the date of publication, Louis Navellier had a long position in ROKU. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.","news_type":1},"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198620665,"gmtCreate":1620956456257,"gmtModify":1634194983380,"author":{"id":"3583988949032845","authorId":"3583988949032845","name":"LawranceHui","avatar":"https://static.tigerbbs.com/edaab08a3daa72da39bbbe09d2e6b46f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583988949032845","authorIdStr":"3583988949032845"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198620665","repostId":"2135267639","repostType":4,"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191412653,"gmtCreate":1620898080272,"gmtModify":1634195469108,"author":{"id":"3583988949032845","authorId":"3583988949032845","name":"LawranceHui","avatar":"https://static.tigerbbs.com/edaab08a3daa72da39bbbe09d2e6b46f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583988949032845","authorIdStr":"3583988949032845"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191412653","repostId":"2135584647","repostType":4,"repost":{"id":"2135584647","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620895142,"share":"https://www.laohu8.com/m/news/2135584647?lang=&edition=full","pubTime":"2021-05-13 16:39","market":"hk","language":"en","title":"Hong Kong stocks track fall in other Asian markets","url":"https://stock-news.laohu8.com/highlight/detail?id=2135584647","media":"Reuters","summary":"HK->Shanghai Connect daily quota used -3.9%, Shanghai->HK daily quota used 7%HSI -1.8%, HSCE -2.1%, ","content":"<ul><li>HK-&gt;Shanghai Connect daily quota used -3.9%, Shanghai-&gt;HK daily quota used 7%</li><li>HSI -1.8%, HSCE -2.1%, CSI300 -1.0%</li><li>FTSE China A50 -1.1%</li></ul><p>May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.</p><p>At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.</p><p>The sub-index of the Hang Seng tracking energy shares&nbsp;dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.</p><p>The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.</p><p>Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.</p><p>Tensions between Beijing and Washington added to the pressure.</p><p>The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.</p><p>Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.</p><p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.37%, while Japan's Nikkei index&nbsp;closed down 2.49%.</p><p>The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.</p><p>At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.</p><p>($1 = 6.4537 Chinese yuan renminbi)</p><p>(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong stocks track fall in other Asian markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stocks track fall in other Asian markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-13 16:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>HK-&gt;Shanghai Connect daily quota used -3.9%, Shanghai-&gt;HK daily quota used 7%</li><li>HSI -1.8%, HSCE -2.1%, CSI300 -1.0%</li><li>FTSE China A50 -1.1%</li></ul><p>May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.</p><p>At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.</p><p>The sub-index of the Hang Seng tracking energy shares&nbsp;dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.</p><p>The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.</p><p>Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.</p><p>Tensions between Beijing and Washington added to the pressure.</p><p>The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.</p><p>Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.</p><p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.37%, while Japan's Nikkei index&nbsp;closed down 2.49%.</p><p>The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.</p><p>At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.</p><p>($1 = 6.4537 Chinese yuan renminbi)</p><p>(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02319":"蒙牛乳业","03143":"华夏香港银行股","HSCEI":"国企指数","00669":"创科实业","01024":"快手-W","03692":"翰森制药","HSI":"恒生指数","03988":"中国银行","HSCCI":"红筹指数","09999":"网易-S","06186":"中国飞鹤"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135584647","content_text":"HK->Shanghai Connect daily quota used -3.9%, Shanghai->HK daily quota used 7%HSI -1.8%, HSCE -2.1%, CSI300 -1.0%FTSE China A50 -1.1%May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.The sub-index of the Hang Seng tracking energy shares dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.Tensions between Beijing and Washington added to the pressure.The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.37%, while Japan's Nikkei index closed down 2.49%.The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.($1 = 6.4537 Chinese yuan renminbi)(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}