As if making a marriage announcement on Feb. 14, Alibaba Group announced that it will be deepening its cooperation with the popular Chinese video platform Bilibili.
Kuaishou, one of China’s most popular video apps, confirmed on Tuesday that it has completed the purchase of AcFun to fully own China’s largest online video hosting platform.
On March 2, Bilibili submitted an IPO application (FORM F-1) to the U.S. Securities and Exchange Commission (SEC). Bilibili plans to list in the U.S. under the symbol “BILI” and aims to raise $400 million.
