BILIBILI-W's stock price plummeted 5.13% during intraday trading on Tuesday.

The sharp decline is attributed to a weak performance in the broader Hang Seng Tech sector and heightened market concerns over a potential stake reduction by major shareholder Tencent, according to brokerage analysis.

Despite the selling pressure, some analysts maintain a constructive view, highlighting the company's recent operational strengths including 30% year-over-year advertising revenue growth in the first quarter and its achievement of first full-year GAAP profitability last year.