Tag: Bilibili

Alibaba Unloads $360 Million of Bilibili in Latest Asset Sale

(Bloomberg) — Alibaba Group Holding Ltd. sold almost $360 million of stock in Chinese streaming platform Bilibili Inc. at a significant discount, the latest in a string of asset deals from an e-commerce pioneer seeking capital to invest in AI and rejuvenate the business. Most Read from Bloomberg Alibaba priced the sale of 30.85 million […]