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.
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