Financing ·
Bilibili completes $200M Tencent convertible note subscription and concurrent share repurchase
BILIBilibili Inc.
Bilibili Inc. completed the subscription by Tencent for US$200 million in aggregate principal amount of convertible notes and a concurrent repurchase of Class Z Ordinary Shares and ADSs held by Tencent for US$200 million on November 5, 2026. The transactions were settled via set-off. Following the completion, Tencent's holding was reduced to approximately 48,018 Class Z shares, representing less than 0.1% of voting power, assuming no conversion of the notes. Bilibili operates a youth-oriented video sharing and entertainment platform in China.