Top 5 Chinese Companies on NASDAQ

3. Bilibili Inc. (NASDAQ:BILI)

Number of Hedge Fund Holders: 24

Bilibili Inc. (NASDAQ:BILI) is a Shanghai-based video streaming platform that started as a focal point for Animation, Comics, and Games (ACG) but has now pivoted as a pan-entertainment provider and includes content related to anime, education entertainment, games, knowledge, lifestyle, and technology.

It is the most preferred video streaming platform amongst Gen-Z in China, with 78% of the users under the age of 35. The monthly active users (MAUs) for Bilibili Inc. (NASDAQ:BILI) stood at 272 million during FY21. Meanwhile, the average time spent on this platform was one hour and 22 minutes. The number of average monthly active content contributors was recorded at 2.7 million, signifying a 62% YoY increase. Some experts call Bilibili Inc. (NASDAQ:BILI) the answer to YouTube in China as it generates revenue from a wide range of sources.

Here’s what Tao Value said about Bilibili Inc. (NASDAQ:BILI) in its Q3 2021 investor letter:

“As witnessed in the past quarter, the government intervention in Chinese private sector is elevated to an unprecedented level. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. We also exited Bilibili (ticker: BILI), given its priced-in valuation in the context of Chinese ADR confidence loss.”

Bilibili Inc. (NASDAQ:BILI) was held by 24 hedge funds as of Q1 2022.