Tag: Bilibili

Alibaba takes stake in Chinese video platform Bilibili

BEIJING, China (AFP) — Alibaba has bought an eight percent stake in Chinese online video sharing and entertainment service Bilibili for an undisclosed amount, state news agency Xinhua reported. Alibaba’s e-commerce arm Taobao will reportedly own 24 million shares in Nasdaq-listed Bilibili, which claims tens of millions of regular users, mainly among young anime, comic and computer game fans in China. Chen Rui, Bilibili’s CEO and chairman, said he hoped the collaboration would help Bilibili […]