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.
Please check out the hot new trending topics in China last week:
China’s video sharing and streaming platform Bilibili announced a collaboration with the Discovery Channel on Sept. 17, saying the two will co-produce contents and bring 145 documentaries and more than 200 hours of exclusive Discovery material to Chinese audiences.
Several Chinese app stores pulled video platform BiliBili’s app from their offerings after suffering another hard hit from government censors. Reports suggest the removal is strongly connected to state media outlet CCTV’s criticisms of its content.
Recently two major Chinese video websites completed their listing in the U.S.: Bilibili and iQIYI. Although these two companies all belong to the same industry, they have different business models and different values.
A well-known ACG (Animation, Comic and game) Danmaku website Bilibili.com was listed on NASDAQ, bringing pressure on its competitor, AcFun. The success of the video platform embodies the blossom of generation Z and ACGN culture in China.
Bilibili is rumored to be going public in the US in the first quarter of 2018, valued at $3 billion to $3.5 billion. Bilibili declined to comment.