
Chinese Video Platform Bilibili Eyes $2 billion in Secondary Hong Kong Listing: Report
Chinese video platform Bilibili is reportedly aiming for a secondary listing in Hong Kong in an attempt to raise more than $2 billion.
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Chinese video platform Bilibili is reportedly aiming for a secondary listing in Hong Kong in an attempt to raise more than $2 billion.
Bilibili announced on Monday that it will now support 8K ultra-high-definition video, the first platform in China to do so. Xinhua News Agency released the first 8K video on Bilibili which featured the Chinese Space Station in the night sky.
Bilibili acquired 65.5% equity of Zhejiang Yongyi Electronic Payment Co., Ltd., a licensed payment institution, for about 118 million yuan ($18.5 million).
Three mainstream long-video platforms in China, iQiyi, Tencent Video and Youku, announced on Monday the cancellation of their option to fast track dramas.
On Monday, Chinese streaming media giant Bilibili launched several functions to help users who may need help with using the platform.
Bilibili was preparing to launch its "Xiaohuangche" function on its live-streaming channel. The feature will enable users to buy goods while watching a live-stream.
Bilibili, the leading video community for young generations in China, held “The Most Beautiful Night of 2021” New Year’s Eve gala on Friday.
Chinese video hosting service Bilibili released its Q1 2020 financial results on May 19.
The Zhejiang Consumers Council scheduled a regulatory talk with iQiyi, Youku, Tencent Video, Sohu and PPTV regarding the issue that consumers still have to watch advertisements after purchasing memberships to their platforms.
Shanghai-based video streaming platform Bilibili recently acquired a wholly-owned stake in Mobao Network, whose main business is the development of mobile games.
Chinese video platform iQiyi had begun laying off employees today which, according to some who had been laid off, is the largest round of layoffs in the company's history to date.
The issue of VIP membership services and advance screening, whereby video platforms provide a preview of drama episodes in advance for VIP members who have paid extra, has aroused heated discussion among Chinese netizens.