|Bid||24.92 x 1300|
|Ask||24.96 x 900|
|Day's range||24.40 - 25.62|
|52-week range||14.93 - 93.47|
|Beta (5Y monthly)||1.00|
|PE ratio (TTM)||N/A|
|Earnings date||17 Aug 2022 - 22 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||43.45|
Shares of Alibaba (NYSE: BABA), Bilibili (NASDAQ: BILI) and Pinduoduo (NASDAQ: PDD) were all sliding this afternoon after the Chinese government imposed fresh lockdowns in some parts of the country, and fined Alibaba and other Chinese tech companies for not complying with some anti-monopoly regulations. As a result, the Chinese tech stock sector was sliding today, sending Alibaba down 8.5%, Bilibili falling 9.4%, and Pinduoduo tumbling 10.1% as of 2:26 p.m. ET.
Shares of leading Chinese internet stocks Alibaba (NYSE: BABA), Pinduoduo (NASDAQ: PDD), and Bilibili (NASDAQ: BILI) rose in June, according to data from S&P Global Market Intelligence, up 18.4%, 22.7%, and 14.5% during the month, respectively. Since late 2020, Chinese regulators have embarked on a campaign to regulate, fine, and break up certain large technology companies in the country. After 18 months of the regulatory campaign, the popping of the country's property bubble last summer, and lockdowns from China's "zero Covid" policies beginning in March, the Chinese economy had weakened significantly this year.
Bilibili (NASDAQ: BILI) -- famously dubbed the YouTube of China -- ended 2021 with record-high user numbers. In a previous article, I wrote that Bilibili's near-term outlook was uncertain even though it had a solid year in 2021.