Here’s Why Tao Value Bought Bilibili (BILI) Stock

Tao Value recently released its Q1 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -12.96% for the quarter, outperforming their benchmark, the MSCI All Country World Index (ACWI) which returned -21.05% in the same quarter.

In the said letter, Tao Value highlighted a few stocks and Bilibili Inc. (NASDAQ:BILI) is one of them. Year-to-date, BILI stock gained 52.1% and on May 5th it had a closing price of $27.51. Its market cap is of $9.78 billion. Here...