Business
Bilibili’s $700M Funding Move Has Tencent Written All Over It—But the Bigger Play Is Still Coming
Bilibili is turning to the capital markets for $700 million in convertible senior notes, with longtime investor Tencent committing $200 million—as the Chinese video platform looks to strengthen its artificial intelligence capabilities while buying back shares. The transaction, initially announced as a proposed offering on September 4, has since been priced. Bilibili said the notes will mature on September 15, 2031, while Tencent will subscribe for $200 million of the issue and the remaining $50
