For many of China’s biggest companies, 2021 is playing out like a disaster film. Back home, Beijing has cracked the whip on several industries, citing data security and antitrust issues. And in the U.S., regulators say they might delist Chinese companies that do not meet new disclosure rules. In the meantime, prices for many Chinese stocks are plunging. Among the losers is up-and-coming entertainment company Bilibili Inc. (NASDAQ: BILI). The stock now trades at $70 – $80 a share, down over 55% from 52-week highs set in February 2021.  This share price decline is in sharp contrast to the company’s second quarter 2021 financial performance as it recorded net revenues of RMB4,495.3 million, a 72% increase from the same period in 2020.  The strong performance was driven by surging growth in value-added services, advertising and e-commerce revenues. These three divisions posted year over year growth of 98%, 201% and...