Bilibili Issues Short Trading Suspension Announcement

Today, major Chinese video content platform Bilibili announced at the Hong Kong Stock Exchange that its trading will be temporarily suspended from 9:00 am this morning, and all structured products related to the company will also be temporarily suspended, pending an announcement on the pricing of convertible senior notes to be sold by the company.

On Thursday, Bilibili announced a proposed offering of $1.4 billion in aggregate principal amount of convertible senior notes due in 2026, subject to market conditions and other factors. The company intends to grant the initial purchasers in the proposed offering a 30-day option to purchase up to an additional $200 million principal amount of the notes.

According to a third-quarter financial report released by Bilibili on November 17, its revenue in this quarter was 5.21 billion yuan ($815.9 million), up 61% year-on-year. The platform’s average monthly active users (MAU) reached 267.2 million, and the mobile MAU reached 249.9 million, up 35% and 36%, respectively. The average daily active users were 72.1 million, up 35% year-on-year.

Source: Pandaily

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