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0.00407885791978249 0.00387491502379336 0.0161046906866078 0.0373555404486744 0.0133786539768864 -0.00679809653297074 -0.00755268524813055 -0.0173351461590755
Stock impact report

Bilibili stock soars after Tencent makes equity investment [MarketWatch]

Bilibili Inc. - American Depositary Shares (BILI) 
Last bilibili inc. - american depositary shares earnings: 3/17 07:00 pm Check Earnings Report
Company Research Source: MarketWatch
Bilibili stock soars after Tencent makes equity investment Shares of Bilibili Inc. BILI, +11.00% are up 11% in premarket trading Wednesday after Tencent Holdings Ltd. 0700, -0.32% said it would make an equity investment in the company. Tencent will invest about $317.6 million in cash in Bilibili by the close of the transaction. Tencent will subscribe for roughly 25 million new Class Z shares as part of the agreement. After it closes, Tencent will beneficially own about 12.3% of Bilibili's total issued shares. Bilibili's stock was down 3.6% over the past three months as of Tuesday's close. The S&P 500 SPX, +0.37% is up 7.8% in that time. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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