VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

LY Corporation vs Bilibili Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

LY Corporation

4689 · Tokyo Stock Exchange (Prime Market)

Market cap (USD)$17.7B
Gross margin (TTM)74%
Operating margin (TTM)14%
Net margin (TTM)9.5%
SectorCommunication Services
IndustryInternet Content & Information
CountryJP
Data as of2026-01-12
Moat score
68/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into LY Corporation's moat claims, evidence, and risks.

View 4689 analysis

Bilibili Inc.

BILI · Nasdaq Global Select Market

Market cap (USD)$7.4B
Gross margin (TTM)36.8%
Operating margin (TTM)4.1%
Net margin (TTM)4.6%
SectorCommunication Services
IndustryElectronic Gaming & Multimedia
CountryKY
Data as of2026-05-01
Moat score
60/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Bilibili Inc.'s moat claims, evidence, and risks.

View BILI analysis

Comparison highlights

  • Moat score gap: LY Corporation leads (68 / 100 vs 60 / 100 for Bilibili Inc.).
  • Segment focus: LY Corporation has 3 segments (44.2% in Commerce Business); Bilibili Inc. has 4 segments (39.3% in Value-Added Services).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Weak vs Moderate.
  • Moat breadth: LY Corporation has 5 moat types across 2 domains; Bilibili Inc. has 7 across 4.

Primary market context

LY Corporation

Commerce Business

Market

Japan e-commerce platforms and online marketplaces (shopping, fashion, B2B procurement, auctions/reuse, and services e-commerce)

Geography

Japan (with some cross-border commerce exposure via merchants and platforms)

Customer

Consumers and merchants/sellers; some B2B buyers via procurement platforms

Role

Marketplace/platform operator + merchant services (payments, membership/loyalty, advertising, logistics partnerships)

Revenue share

44.2%

Bilibili Inc.

Value-Added Services

Market

China online video community VAS, live broadcasting, premium memberships, fan charging and premium content services

Geography

China

Customer

Video users, premium members, live-streaming users, fan communities, hosts and content creators

Role

Video community operator, creator monetization platform, premium-content distributor and live-broadcasting virtual-item platform

Revenue share

39.3%

Side-by-side metrics

LY Corporation
Bilibili Inc.
Ticker / Exchange
4689 - Tokyo Stock Exchange (Prime Market)
BILI - Nasdaq Global Select Market
Market cap (USD)
$17.7B
$7.4B
Gross margin (TTM)
74%
36.8%
Operating margin (TTM)
14%
4.1%
Net margin (TTM)
9.5%
4.6%
Sector
Communication Services
Communication Services
Industry
Internet Content & Information
Electronic Gaming & Multimedia
HQ country
JP
KY
Primary segment
Commerce Business
Value-Added Services
Market structure
Oligopoly
Competitive
Market share
n/a
33%-34% (implied)
HHI estimate
n/a
n/a
Pricing power
Weak
Moderate
Moat score
68 / 100
60 / 100
Moat domains
Network, Demand
Network, Demand, Supply, Legal
Last update
2026-01-12
2026-05-01

Moat coverage

Shared moat types

Two Sided NetworkData Network EffectsHabit DefaultEcosystem Complements

LY Corporation strengths

Switching Costs General

Bilibili Inc. strengths

Distribution ControlContent Rights CurrencyBrand Trust

Segment mix

LY Corporation segments

Full profile >

Media Business

Oligopoly

38.1%

Commerce Business

Oligopoly

44.2%

Strategic Business (FinTech)

Oligopoly

17.8%

Bilibili Inc. segments

Full profile >

Value-Added Services

Competitive

39.3%

Advertising

Competitive

33.1%

Mobile Games

Oligopoly

21.1%

IP Derivatives and Others

Competitive

6.5%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.