On July 22, Bilibili-W declined 3.56% in regular trading, trading at 141.1 HKD/share, with turnover of 35.33 million HKD. The stock pulled back alongside the broader Interactive Media & Services sector, which saw widespread selling pressure following the prior session's strong rally.
Within the sector, Tencent-R fell 3.76%, Tencent fell 3.67%, Meitu fell 3.11%, Kuaishou-W fell 2.04%, and Baidu-SW fell 1.87%. The retreat comes after Bilibili surged over 5% in the previous session, driven by its prominent showcase as the official AI technology video platform at the World Artificial Intelligence Conference and upbeat sentiment from gaming license approvals and the approaching summer peak season. Notably, Goldman Sachs disclosed a significant increase in its long position in Bilibili from 3.96% to 9.17% as of July 15, while Morgan Stanley raised its stake to 6.47%, reflecting continued institutional accumulation despite the short-term pullback.
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