Rocky Nasdaq debut for Bilibili

Bilibili Inc, a popular Chinese video-sharing platform for younger viewers, began its first day of trading on Wednesday by debuting below its offer price, a rocky start as a public company on Wall Street.

The Shanghai-based company's stock opened at $9.8 on the Nasdaq, below its initial public offering price of $11.5. The price dropped as low as $9.62 during its first trading session before closing at $11.24, as tech stocks were hard hit.

Touted as the largest online entertainment platform for Generation Z - those born between 1990 and 2009 - the company said in its IPO prospectus that it aims to enrich the everyday life of the younger generation in China with an ever-growing supply of creative content.