Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili
E-commerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securitiesĀ filingĀ on Thursday, Alibaba’s Taobao marketplace has acquired about 24 million shares in Bilibili, the Shanghai-based firm that has captured 93 million monthly users … Continue reading Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili
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