They get the warning and an executive order to reform their operation, and won't be allowed to have any new function before approved by the Anti-pornography office.
The information is released today by the office, and if you noticed the price of the $BILI, it's raising right after DEC 3.
I don't hold any of the stock or option( I was thinking to buy puts today but didn't, what a pity) but I notice there isn't any English news covered this yet so I post this for you guys.
You can check the Chinese news if you want:https://hot.cnbeta.com/articles/movie/1068553.htm
Submitted December 21, 2020 at 08:02PM by MoeNancy https://ift.tt/3mGsmxI
