77.1 F
New York
Wednesday, June 16, 2021

Bilibili [NASDAQ: BILI] Strikes Deal With Riot Games For Live Broadcasting License

Must read

VEON [NASDAQ: VEON] Announces Acquisition of AdTech in Russia

VEON Ltd disclosed that it has purchased a majority stake in OTM which is a technology platform for the automation and planning of...

MicroStrategy Decides to Sell $1B Stock With Plans To Buy More Bitcoin With Profit

Shares of MicroStrategy Incorporated skyrocketed 5.36% on Wednesday after the firm disclosed that it has decided to dump $1 billion worth of its...

Thailand SEC Forbids Crypto Exchanges from Listing Meme Tokens, NFTs, and More

Thailand SEC has made a new decision that forbids crypto exchanges to list meme tokens, NFTs, and many more. The decision to ban certain...

China’s Cryptocurrency Mining Crackdown Appears to be Widening

The cryptocurrency mining crackdown of China is continuously increasing. It has been seen that government departments in the province of Yunnan are gearing up...

Bilibili Inc. [NASDAQ: BILI] announced Monday it has entered into a strategic partnership with Riot Games. Bilibili aimed for a three-years exclusive license for live broadcasting the league of legend Esports global events.

The exclusive license will give the right to Bilibili to hold various events including League of Legend World Championship, Mid-Season Invitational, and all-star events in China starting in 2020 through the 2023 Mid-Season Invitational.

Bilibili will join forces with Riot Games to host various online and offline esports events. Bilibili Inc. aimed to bring Global tournament to a larger audience.

Bilibili Inc.’s shares rose 5.52% during the trading of Friday. It has a day low and day high range of $41.45-$43.65 and has a closing price of $43.58. BILI had a trading volume of 5.78 million as compared to the average volume of 6.29 million.

Looking at its liquidity, its quick ratio is 2.10. Likewise, its current ratio is the same as the quick ratio. Right now, it has reported the sales of 1.10 billion. This company’s market cap is 14.35 billion.

In the past 52-weeks of trading, this firm’s stock has fluctuated between the low of $13.23 and a high of $51.25. It has moved up 229.40% from its 52-weeks high and moved down -14.97% from its 52-weeks low.

If we look at its profitability, it has recorded the return on assets (ROA) of -10.40%, return on investment (ROI) of -14.60%, and return on equity (ROE) of -22.30%. Bilibili has a Gross Margin of 19.80%, a Profit Margin of -21.20%, and an Operating Margin of -22.40%.

Vice Chairwoman of the Board and COO of Bilibili said that the company is looking forward to work with Riot Games and strengthen the City’s position in the global esports industry. BILI has observed that esports are the most popular sports among the young generation of China.

More articles

Latest article

Accenture [NYSE: ACN] and Salesforce to Aid ISDI to Reduce its Environmental Impact

Accenture plc and Salesforce have partnered with ISDI to provide aid to the Salesforce-authorized global coaching organization. The firms will evaluate their carbon...

Iconix Brand [NASDAQ: ICON] to be Acquired by Iconix Acquisition Corp

Iconix Brand Group, Inc. disclosed that it has inked an agreement and plan of merger with Iconix Acquisition Corp. Iconix Brand Group is...

Binance Cryptocurrency Exchange to Launch a New NFT Platform

The Binance cryptocurrency exchange will be introducing a new on-chain NFT platform called "Featured by Binance". Cryptocurrency exchange Binance is joining the race of...

El Salvador Passes Bill to Accept Bitcoin as Legal Tender

EI Salvador has become the first country in Central America to pass the bill to accept Bitcoin as legal tender. It has been disclosed...

Gaming Platform Xaya Teams Up with Popular Ethereum Scaling Solution Polygon

Blockchain Gaming platform Xaya has joined hands with popular Ethereum scaling solution Polygon. Xaya has partnered with Polygon to improve the scalability of its...

Why CynergisTek [CTEK] is Skyrocketing Today?

CynergisTek, Inc. skyrocketed 24.73% during the trading session of Wednesday. The positive performance of the firm indicated the positive sentiments of the investors...

GOL Linhas [NYSE: GOL] Announces Acquisition of MAP Transportes Aéreos

Gol Linhas Aereas Inteligentes S.A. disclosed that it has inked an agreement to buy MAP Transportes Aéreos Ltda. The firm's buying decision highlights...

Chinese Twitter ‘Weibo’ Start Crack Down on Multiple Crypto Influencer Accounts

Chinese social media platform Weibo has started a crackdown against the multiple crypto influencer accounts. It has been disclosed that at least dozens of...