News

Tencent invests $318 million in Chinese video-sharing company Bilibili

Date Type Companies involved Size
October 4th, 2018 investment Bilibili
Tencent
$317.6m
Tencent invests $318 million in Chinese video-sharing company Bilibili

Tencent is purchasing shares worth $317.6 million in video and esports company Bilibili.

The company's video-sharing site covers areas such as video content, live broadcasting and mobile games.

Share price bump

Tencent will acquire just over 25 million Class Z ordinary shares at $12.67 apiece. In total, the Chinese publisher is set to acquire 12.3 per cent of Bilibili.

Thanks to Tencent’s investment, price-per-share in Bilibili peaked at $15.48 yesterday morning, up from $13.31 the day prior.

Our sister-site PCGamesInsider.biz has the full story.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

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