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0.00238348377771755 0.00481561008151099 -0.0125532461937223 -0.0245297310068308 -0.026280861945562 -0.0271494784826312 -0.0486460005420167 -0.058419673817118
Stock impact report

Sony invests $400M in Chinese entertainment platform Bilibili [TechCrunch Blog]

Bilibili Inc. - American Depositary Shares (BILI) 
Last bilibili inc. - american depositary shares earnings: 3/17 07:00 pm Check Earnings Report
Company Research Source: TechCrunch Blog
Sony invests $400M in Chinese entertainment platform BilibiliManish Singh8 hours10-year old Bilibili started as an animation site, but has expanded to other categories including e-sports, user-generated music videos, documentaries, and games. The service, which has amassed over 130 million users, has attracted several big investors over the years,including Chinese giants Tencent and AlibabaThe announcement pushed Bilibili’s share up by 7.6% in pre-market trading. Sony has made the investment through its wholly-owned subsidiary Sony Corporation of America.In a statement, Sony said the company believes China is a key strategic region in the entertainment business. BiliBili says it targets China’s Gen-Z. The vast majority of its users — about 80% — were born between 1990 and 2009.The two companies have also agreed to pursue collaboration opportunities in the entertainment field in China, including animation and mobile game apps, they said.You can read more about Bilibili’s business and d Show less Read more
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