Bilibili climbed 5.07 percent to HKD870 (USD112) apiece and Alibaba gained 2.55 percent to HKD225.60 (USD29). Shares in Bilibili and Alibaba advanced today. It provides players with a range of tools and resources to track their gaming histories and preferences, as well as giving them access to the latest game news and updates. XD is also preparing to sell USD280 million in convertible bonds that it will use to improve its product portfolio, as well as for strategic investment and marketing, it said. Bilibili hk960m Chinese Taptap BilibililiaotechCrunch is an online streaming platform for Chinese gamers that focuses on their playing habits. Hangzhou-based Alibaba also offers a number of proprietary mobile games through its e-commerce platform Taobao. The Shanghai-based video site holds the China live-streaming rights for three major global e-tournaments, namely League of Legends, Overwatch and PlayerUnknown’s BattleGrounds, through its unit Bilibili E-Sports. It had earlier in the day reached HKD59.40.īilibili has bought a 4.72 percent stake in XD for HKD960 million (USD123.5 million) and Alibaba 0.76 percent equity for HKD155 million, XD said today.īoth Bilibili and Alibaba will be seeking to elbow in on the lucrative gaming sector and secure greater access to XD’s self-developed games and its game sharing community TapTap.įorty percent of Bilibili’s income came from gaming last year. Shanghai-based XD’s stock price closed up 22.34 percent at HKD57.50 (USD7.40). In Chinese video sharing or video streaming apps such as Bilibili (NASDAQ: BILI) or Baidu (NASDAW: BIDU). (Yicai Global) April 1 - Shares in XD Network soared as much as 26 percent today after the Chinese online game developer said that e-commerce giant Alibaba Group Holding and video sharing platform Bilibili were the primary investors in a HKD1.1 billion (USD143.4 million) private placement of shares. Double Tap left or right to skip 10 seconds.
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