Bilibili acquired 65.5% equity of Zhejiang Yongyi Electronic Payment Co., Ltd., a licensed payment institution, for about 118 million yuan ($18.5 million).
The web page and mobile terminal of Bilibili broke down Tuesday night, attracting wide attention from Chinese netizens. The company's share price dropped for a while due to this server failure.
The number of post-90s internet users set a new record, reaching 362 million in July 2020 and surpassing the post-80s generation to become the main force of the mobile internet.
Bilibili Inc. on Wednesday announced that its net revenues in the second quarter of 2020 increased by 70% year on year to 2.61 billion ($370.5 million), surpassing the 2.55 billion yuan estimate average.
