Today’s 10 Worst-Performing Stocks

3. BiliBili Inc. (NASDAQ:BILI)

BiliBili Inc. dropped its share prices by 6.5 percent on Wednesday to finish at $21.29 apiece as investors sold off positions in various Chinese firms.

BILI traded lower in line with its Chinese counterparts, including XPEV, HSAI, and VNET, which were among the top losers of the trading day.

Earlier, analysts raised concerns on whether BILI could find a new online game that could mirror or exceed the success of “Three Kingdoms: Strategy Time.”

According to an analyst from Nomura, the game has the potential to remain popular over the long term, but it could lead to slow growth in the second quarter.

During the last quarter, BILI swung to a net income attributable to shareholders of RMB89.96 million from a RMB1.296 billion net loss in the same period a year earlier, as revenues grew 21.8 percent to RMB7.7 billion from RMB6.3 billion in the same comparable period.