Financing ·
Bilibili Inc. announced the proposed issuance of US$700 million in aggregate principal amount of convertible senior…
BILIBilibili Inc.
Bilibili Inc. announced the proposed issuance of US$700 million in aggregate principal amount of convertible senior notes due September 15, 2031. Tencent Holdings Limited agreed to subscribe for US$200 million of these notes concurrently with a secondary placement of approximately US$400 million of Class Z ordinary shares held by Tencent. The company will use the proceeds to fund concurrent share repurchases totaling up to US$300 million, including a US$100 million buyback of borrowed shares and a US$200 million off-market repurchase from Tencent, with remaining funds allocated for AI-driven growth and general corporate purposes. Bilibili operates as a leading video community platform for young generations in China.