Alibaba Buys 8% Stake In Chinese Video Platform Bilibili

Alibaba has purchased an 8% stake in the Chinese online video platform Bilibili, the official Xinhua news agency reported. Bilibili is one of China’s top video streaming and entertainment platforms, with about 92 million monthly active users and 450 million page-views per day. Founded in 2009, it was listed on the NASDAQ last March.

Topics:  chinese   bilibili   xinhua   china s   nasdaq   march   alibaba s   stake   million   
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