--- title: "Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286532648.md" description: "Yesterday, BILIBILI-W's stock price plummeted by 8.08%, closing at HKD 153.5. After gapping down from yesterday's close of HKD 167.0, it continued to weaken, hitting a low of HKD 151.5 during the session. The MACD daily line has established a bearish signal, with the momentum bars rapidly expanding downward, which typically indicates that the phase of decline is accelerating and bullish forces are fully retreating. The trading volume reached approximately HKD 1.716 billion, characteristic of a typical volume-driven sell-off, with panic selling clearly emerging. On the news front, Chinese concept stocks collectively faced a heavy setback. U.S. pre-market trading saw a broad decline in Chinese concept stocks, with BILIBILI's U.S. shares dropping about 3% and Alibaba plummeting by 4%. The global financial market experienced a \"Black Friday,\" as inflation fears crushed the tech stock rally, with the U.S. 30-year Treasury yield breaking 5%, leading to a sharp decline in risk appetite. Alibaba's earnings report showed a 99% drop in net profit, raising concerns about the profitability quality of Chinese concept stocks across the entire sector" datetime: "2026-05-18T01:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286532648.md) - [en](https://longbridge.com/en/news/286532648.md) - [zh-HK](https://longbridge.com/zh-HK/news/286532648.md) --- # Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks? Yesterday's closing, BILIBILI-W's stock price plummeted by 8.08%, closing at HKD 153.5, after gapping down from yesterday's close of HKD 167.0 and continuing to weaken, with an intraday low of HKD 151.5. The MACD daily bearish signal has been established, and the momentum bars are rapidly expanding downward, which usually indicates that the phase of the downward trend is accelerating confirmation, with bullish forces completely retreating. The trading volume reached approximately HKD 1.716 billion, characteristic of a typical volume-driven sell-off pattern, with panic selling clearly emerging. On the news front, Chinese concept stocks collectively faced a heavy setback. U.S. Chinese concept stocks fell broadly in pre-market trading, with BILIBILI's U.S. stock down about 3%, and Alibaba plummeting by 4%. The global financial market experienced a "Black Friday," with inflation fears crushing the tech stock frenzy, and the yield on the U.S. 30-year Treasury bond breaking 5%, leading to a sharp decline in risk appetite. Alibaba's earnings report showed a 99% drop in net profit, triggering concerns about the earnings quality of Chinese concept stocks spreading throughout the entire sector ### Related Stocks - [09626.HK](https://longbridge.com/en/quote/09626.HK.md) - [159805.CN](https://longbridge.com/en/quote/159805.CN.md) - [516190.CN](https://longbridge.com/en/quote/516190.CN.md) - [517770.CN](https://longbridge.com/en/quote/517770.CN.md) - [516620.CN](https://longbridge.com/en/quote/516620.CN.md) - [513040.CN](https://longbridge.com/en/quote/513040.CN.md) - [513770.CN](https://longbridge.com/en/quote/513770.CN.md) - [512980.CN](https://longbridge.com/en/quote/512980.CN.md) - [BILI.US](https://longbridge.com/en/quote/BILI.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [China's Bilibili Q1 revenue rises on advertising growth](https://longbridge.com/en/news/286892124.md) - [05:49 ETTencent Cloud Recognized for Transforming the Future of Media at the 2026 NAB Show Product of the Year Awards](https://longbridge.com/en/news/284739246.md) - [Microsoft’s Xbox PC app hints at China expansion for Game Pass](https://longbridge.com/en/news/286259312.md) - [Agentio Unveils YouTube Creator Performance Measurement Guide for Brands](https://longbridge.com/en/news/286125931.md) - [BIGC Acquires Blip and K-POP RADAR, Launching Industry’s First Data-Driven “Enter OS” Powered by 1.3 Billion Fan Data Points](https://longbridge.com/en/news/286007282.md)