Alibaba invests in Chinese video platform Bilibili

Bilibili recorded 92.7 million average monthly active users in the third quarter of 2018

Chinese online and retail company Alibaba has taken an 8% stake in local video platform Bilibili, according to Chinese state-run news agency Xinhua. Alibaba’s e-commerce platform, Taobao, will own 24 million shares in Bilibili, which is said to be the...

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