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Bilibili Inc. (NASDAQ: BILI) stands as one of China's leading entertainment platforms, known for its robust video-sharing site that resembles YouTube. Founded in 2009, Bilibili originally catered to anime, comics, and gaming (ACG) enthusiasts, primarily appealing to Gen Z users. Over the years, the platform has significantly diversified its content offerings to include a broader range of interests, attracting not only Gen Z but also a wider audience across various age groups.
The key feature that sets Bilibili apart is its unique “bullet chatting” system, where real-time comments from viewers are overlaid onto the video, creating a highly interactive and communal viewing experience. This feature has fostered a vibrant and engaged community, turning passive viewing into a dynamic and social activity.
Bilibili's business model is diverse, generating revenue through five main channels: advertising, games, live streaming, value-added services, and e-commerce. This multi-faceted approach has allowed the company to sustain growth and maintain a robust financial position. Recently, Bilibili reported total other income of RMB331.2 million (US$46.6 million), underscoring its solid financial foundation.
In terms of recent achievements, the company has successfully repurchased convertible senior notes, indicating a strategic move to optimize its financial structure. Additionally, Bilibili's annual report for the fiscal year ended December 31, 2023, has been filed with the U.S. Securities and Exchange Commission, showcasing its commitment to transparency and regulatory compliance.
Bilibili also maintains strong partnerships, notably with Deutsche Bank Trust Company Americas for its American depositary share program. This collaboration ensures that holders of Bilibili's American depositary shares can exercise their voting rights effectively.
For those interested in Bilibili's continuous growth and developments, the company frequently updates its investor relations website and remains open to inquiries from both investors and the media.
Bilibili Inc. (NASDAQ: BILI) has successfully completed a US$1.4 billion offering of convertible senior notes due 2026. The initial purchasers opted to buy an additional US$200 million of the notes, expected to close on November 26, 2021. These notes will be offered to qualified institutional buyers under Rule 144A and are not registered under the Securities Act. Bilibili, a prominent video community in China, aims to enrich the lives of young generations through diverse video content.
Bilibili announced the pricing of a US$1.4 billion offering of convertible senior notes due in 2026. The notes, aimed at qualified institutional buyers, are unsecured obligations with a 0.5% annual interest rate and a conversion premium of 40% over the closing price of its ADSs. The proceeds will enhance content offerings and support sustainable projects. The company also provides a redemption option starting December 2024 and allows for conversion into Class Z ordinary shares. This offering aims to bolster its financial position amidst industry competition.
Bilibili Inc. has announced a proposed offering of US$1,400 million in convertible senior notes due 2026, with an option for an additional US$200 million. The proceeds will be used for content enrichment, research, and corporate purposes, including financing projects under its Sustainable Finance Framework. The notes will be senior, unsecured obligations, convertible into cash or American depositary shares. The offering is subject to market conditions and may impact the trading price of the company’s shares.
Bilibili Inc. reported its third-quarter financial results for 2021, achieving total net revenues of RMB5,206.6 million (US$808.0 million), marking a 61% year-over-year increase. The company recorded average monthly active users (MAUs) of 267.2 million, a 35% rise, and average daily active users (DAUs) of 72.1 million. Advertising revenue surged by 110% to RMB1.2 billion. However, the company faced a net loss of RMB2,686.3 million (US$416.9 million), compared to RMB1,100.9 million in Q3 2020. For Q4 2021, Bilibili expects revenues between RMB5.7 billion and RMB5.8 billion.
Bilibili Inc. announced it will report its third quarter 2021 unaudited financial results on November 17, 2021, before U.S. market opening. An earnings conference call is scheduled for 7:00 AM ET on the same day, where management will discuss the financial performance. Participants must register online to receive dial-in information. A live and archived webcast will be accessible on the Company’s investor relations website. Bilibili remains dedicated to enriching the lives of young generations in China through a diverse range of video content.
On October 22, 2021, Bilibili reported the viral success of a memorial video for Russian content creator Pavlov, who recently passed away from COVID-19. The video, titled 'Farewell, Uncle Pavlov,' garnered over 3 million views and 10,000 comments within two days, highlighting the strong emotional connection users had with Pavlov. Bilibili's unique 'bullet chat' feature allowed users to express condolences in Russian, enhancing the shared viewing experience. Since joining Bilibili in May 2020, Pavlov built a following of 200,000, captivating audiences with his authentic portrayal of Russian culture through food and drink.
On September 1, 2021, Bilibili Inc. (NASDAQ: BILI, HKEX: 9626) held an extraordinary general meeting, where shareholders approved key resolutions. Amendments to the Company’s Sixth Amended and Restated Memorandum and Articles of Association were adopted, aligning with the Hong Kong Listing Rules. Significant changes include lowering the quorum for general meetings from one-third to 10% and adopting a new dual foreign name. These updates aim to enhance corporate governance and shareholder engagement, reflecting Bilibili's commitment to adapting to market standards.
Bilibili Inc. reported a robust 72% increase in total net revenues for Q2 2021, reaching RMB4,495.3 million (US$696.2 million). Key metrics include a 38% growth in average monthly active users (MAUs) to 237.1 million and a 62% rise in average monthly paying users (MPUs) to 20.9 million. Advertising revenues soared by 201%, now comprising 23% of total revenues. However, the company experienced a net loss of RMB1,121.8 million (US$173.7 million), worsening from a loss of RMB570.9 million in the same quarter last year. Cash reserves stand at RMB27.6 billion (US$4.3 billion).
Bilibili Inc. announced a strategic investment of approximately RMB500 million in China Telecom's newly issued A shares, acquiring 110,375,000 shares at an offering price of RMB4.53 each. This partnership aims to explore collaboration in user growth, brand promotion, and cloud services. Bilibili's Chairman Rui Chen expressed optimism about this strategic move to enhance the company's growth, especially in the context of China's industrial digitization and 5G infrastructure development.
Bilibili Inc. (Nasdaq: BILI, HKEX: 9626) will hold an extraordinary general meeting (EGM) of shareholders on September 1, 2021, in Shanghai. The meeting will address proposed resolutions supported by the board of directors. Additionally, class meetings for holders of Class Y and Class Z ordinary shares will occur concurrently. Shareholders as of July 28, 2021, are entitled to vote. The annual report on Form 20-F has been filed with the SEC, including audited financial statements for the fiscal year ended December 31, 2020. More details are available on Bilibili's website.
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