Financing ·
Bilibili proposes $200M Tencent share repurchase and convertible note subscription pending shareholder vote
BILIBilibili Inc.
Bilibili Inc. filed a Form 6-K to disclose materials related to an Extraordinary General Meeting (EGM) scheduled for October 28, 2026. The filing details the record date of October 9, 2026, for shareholders to vote on resolutions approving the Concurrent Tencent Repurchase and related authorizations. This transaction involves Bilibili repurchasing 13,591,090 Class Z ordinary shares from Tencent subsidiaries for US$200 million, concurrent with Tencent's subscription for US$200 million of Bilibili’s convertible senior notes due 2031. The repurchase and note subscription are inter-conditional and subject to shareholder approval at the EGM. Bilibili Inc. operates in the digital entertainment industry as a leading video community platform for young generations in China.