Bilibili Inc. completed a US$500 million offering of convertible senior notes due September 2031 and concurrently repurchased approximately US$100 million of its Class Z ordinary shares. The company also finalized the placement of borrowed shares for investor hedging and a secondary sale of 26,374,900 shares by Tencent at HK$115.38 per share. These transactions are separate from pending agreements where Tencent will subscribe to an additional US$200 million in notes, contingent on shareholder approval at an extraordinary general meeting. Bilibili operates as a leading video community and online entertainment platform for young generations in China.

Bilibili Inc. priced US$700 million in convertible senior notes due September 2031, including a US$200 million subscription by Tencent Holdings Limited. The company concurrently executed an equity placement of approximately 33.4 million Class Z ordinary shares at HK$115.38 per share and repurchased roughly 20.4 million shares for approximately US$300 million. Proceeds will fund the buybacks, support AI-driven growth initiatives, and serve general corporate purposes. The notes carry an initial conversion price of approximately HK$155.79, representing a 28.3% premium to the closing share price on September 4, 2026. Bilibili operates as a leading video community for young generations in China.

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.