Financing ·
Bilibili raises $500M via 2031 convertible notes; repurchases 6.8M shares
BILIBilibili Inc.
Bilibili Inc. completed the offering of US$500 million in aggregate principal amount of its 2031 Notes on September 9, 2026. The closing of a subscription by Tencent for an additional US$200 million remains subject to independent shareholder approval and other customary conditions. During September, the company also repurchased 6,795,540 Class Z ordinary shares pending cancellation. Additionally, 1,159,397 restricted share units vested under incentive plans, and 469,584 new shares were issued upon the exercise of options, raising USD 628,240.96 in proceeds. Bilibili Inc. operates as a video entertainment platform primarily serving young audiences in China.