Bilibili proposes $700M convertible notes; Tencent to subscribe $200M
Bilibili proposed offerings totaling $700 million in aggregate of convertible senior notes due 2031 to fund share repurchases alongside AI-driven growth. Tencent would subscribe for $200 million.
Chinese video streaming platform Bilibili NASDAQ:BILI said on Friday it was proposing to carry out offerings of $700 million in aggregate of convertible senior notes due 2031 to fund share repurchases alongside AI-driven growth.Here are some details