On July 2, Bilibili-W rose 3.04% in regular trading, trading at HK$137.6/share, with turnover of HK$182 million.

On the news front, analysts highlighted that Bilibili is the core platform for young creators producing self-made variety shows, with the blogger variety show category underscoring the platform's content ecosystem vitality and user stickiness advantage. Additionally, data disclosed during Bilibili's 17th anniversary celebration showed UP host per-capita income grew 24% year-over-year, while the tipping business surged 71% YoY with over 10.63 million paying users, reinforcing fundamental confidence.

Meanwhile, the company's $300 million share repurchase program continues to provide support. As of June 30, Bilibili had repurchased approximately 4.8 million shares at a total cost of about $100.1 million over the first half of the year. Morgan Stanley previously stated it believes the stock price will rise in absolute terms within 30 days, estimating an 80%-plus probability of a positive reaction to the buyback plan.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)