DAILY BRIEF: May 10, 2022

NEWS YOU SHOULDN’T MISS

• 1

  Kuaishou Launches Consumption and Real Estate Business Units

  Tik Tok’s Chinese rival Kuaishou (01024: HK) announced in April the establishment of consumption and real estate business centers in an internal letter. Equal Ocean

• 2

  Bilibili: A Long-Term Opportunity Despite Temporary Headwinds

  As a go-to video community for young generations in China, Bilibili is best positioned to capture the most attractive online audience - Generation Z. Seeking Alpha

• 3

  China’s No. 2 Video Game Company Is Coming for Consoles

  NetEase is China’s local publisher of Activision Blizzard Inc. franchises, and its sales already surpass those of Activision. But it faces tough competition from China’s largest gaming giant. Bloomberg