Recent Updates — BILI

Bilibili Inc. filed a Form 6-K to disclose materials related to an Extraordinary General Meeting (EGM) scheduled for October 28, 2026. The filing details the record date of October 9, 2026, for shareholders to vote on resolutions approving the Concurrent Tencent Repurchase and related authorizations. This transaction involves Bilibili repurchasing 13,591,090 Class Z ordinary shares from Tencent subsidiaries for US$200 million, concurrent with Tencent's subscription for US$200 million of Bilibili’s convertible senior notes due 2031. The repurchase and note subscription are inter-conditional and subject to shareholder approval at the EGM. Bilibili Inc. operates in the digital entertainment industry as a leading video community platform for young generations in China.

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.