Initially positioned as a playground for China's ACG (anime, comics. The investment aims to enrich the video platform's content that caters to the diverse tastes of animation fans, gamers, and merchants. Bilibili climbed 5.07 percent to HKD870 (USD112) apiece and Alibaba gained 2.55 percent to HKD225.60 (USD29). Under the agreement, Hong Kong and Nasdaq listed Bilibili has purchased a 4.72 stake of Taptap's owner X.D. Shares in Bilibili and Alibaba advanced today. XD is also preparing to sell USD280 million in convertible bonds that it will use to improve its product portfolio, as well as for strategic investment and marketing, it said. Hangzhou-based Alibaba also offers a number of proprietary mobile games through its e-commerce platform Taobao. It has agreed to invest HK960 million (about 123 million) into X.D. The Shanghai-based video site holds the China live-streaming rights for three major global e-tournaments, namely League of Legends, Overwatch and PlayerUnknown’s BattleGrounds, through its unit Bilibili E-Sports. It had earlier in the day reached HKD59.40.īilibili has bought a 4.72 percent stake in XD for HKD960 million (USD123.5 million) and Alibaba 0.76 percent equity for HKD155 million, XD said today.īoth Bilibili and Alibaba will be seeking to elbow in on the lucrative gaming sector and secure greater access to XD’s self-developed games and its game sharing community TapTap.įorty percent of Bilibili’s income came from gaming last year. Shanghai-based XD’s stock price closed up 22.34 percent at HKD57.50 (USD7.40). (Yicai Global) April 1 - Shares in XD Network soared as much as 26 percent today after the Chinese online game developer said that e-commerce giant Alibaba Group Holding and video sharing platform Bilibili were the primary investors in a HKD1.1 billion (USD143.4 million) private placement of shares. Under the agreement, Hong Kong and Nasdaq listed Bilibili has purchased a 4.72 stake of Taptaps owner X.D.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |