Tencent invests $318m in recently-listed streaming site Bilibili
Tencent Holdings has agreed to invest $317.6 million in Bilibili, a VC-backed Chinese animation streaming platform that listed on NASDAQ in March.
The internet giant will acquire approximately 25.1 million class Z ordinary shares – equal in value to American Depository Shares (ADS) – for $12.67 apiece, according to a filing. This will give it...
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