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0.00285510349750185 0.00214132762312642 0.00999286224125629 0.00606709493219135 0.0132048536759458 0.0299785867237689 0.0128479657387581 -0.00571020699500345
Stock impact report

Sony invests $400 million in Chinese video site Bilibili [Reuters]

Bilibili Inc. - American Depositary Shares (BILI) 
Last bilibili inc. - american depositary shares earnings: 3/17 07:00 pm Check Earnings Report
Company Research Source: Reuters
Sony invests $400 million in Chinese video site Bilibili HONG KONG (Reuters) - Chinese video site Bilibili ( BILI.O ) will receive $400 million equity investment from Sony Corp America, Bilibili said Thursday, as the two companies seek to further collaborate in entertainment to attract China’s Gen Z. SCA, wholly owned subsidiary of Sony Corp, will subscribe for 17,310,696 newly issued Class Z ordinary shares of Bilibili at $23.1071 per share, Bilibili said. Upon closing, SCA will beneficially own approximately 4.98% of Bilibili’s total issued shares, with a lock-up period of six months, it added. Bilibili and Sony will further collaborate in the entertainment business in China, including in anime and video games, Bilibili said. “Sony’s investment further aligns us with the world’s leader in entertainment and technology, which will enhance our capability to bring high-quality content and services to our growing community,” the company said. Starting out as an animation site popular a Show less Read more
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