It’s hard to blame China’s biggest tech companies for being just a little envious of Bilibili Inc.
The purveyor of animated videos, comics and mobile games like Sony Corp’s Fate/Grand Order has an eye-watering 93 million monthly active users whose average age is 21. Bililbili’s American depositary receipts have surged 73% since its initial public offering in March 2018, the second-best performance in the Nasdaq Golden Dragon China Index of 64 companies that are listed in the US while conducting most of their business in China.