Shares of Chinese video site Bilibili dropped close to 9% on Wednesday on the Nasdaq after the company posted a quarterly report that was largely in line with expectations. The company’s revenue increased 61% year on year to RMB 5.2 billion ($808.0 million) in the quarter ended in September this year, less than the $809 million estimations compiled by Yahoo Finance analysts. Average monthly active users reached 267.2 million, a 35% yearly increase. China has introduced tighter rules earlier this year to regulate livesteam e-commerce and gaming, two areas in which the company makes a sizable amount of money. [Bilibili press release]
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