The Chinese video-sharing website went public in New York in March 2018 and reached its record high price of USD 94.7 per share on January 4, 2021.
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The news has been confirmed by multiple media channels – such as CNBC – but the firm has refused to comment. The news broke out first in October 2019, it was said that BILI was stepping up its preparations for the second listing in Hong Kong, aiming to raise up to USD 1.5 billion.
The details and pricing information of the listing have been announced as yet and the transaction is expected to be completed in the next two months. It is worth mentioning that the stock reached its record high yesterday closing at USD 94.75/share pushing its market value up to USD 32.9 billion.
According to the firm's latest financial report for the third quarter of 2020, revenues reached CNY 3.226 billion, a year-on-year increase of 74% with a net loss of CNY 1.101 billion, up 171% year-on-year.
The average number of active users increased by 97.2% from June last year to June 2020. Among them, the monthly live users in August 2020 exceeded 200 million, crossing another milestone.
In addition, with Alibaba becoming a shareholder, BILI has also begun to expand into e-commerce – and some of the owners on its platform have settled on Taobao for content creation. In the fourth quarter of 2019, the revenue of live broadcasting and value-added services, including e-commerce of station B, increased by 183%.
From the overall data, the activity and pay rate of B station users is developing well. Although the road is not smooth, the market is still full of rising expectations.