It had earlier in the day reached HKD59.40.īilibili has bought a 4.72 percent stake in XD for HKD960 million (USD123.5 million) and Alibaba 0.76 percent equity for HKD155 million, XD said today.īoth Bilibili and Alibaba will be seeking to elbow in on the lucrative gaming sector and secure greater access to XD’s self-developed games and its game sharing community TapTap.įorty percent of Bilibili’s income came from gaming last year. network chinese taptap bilibililiaotechcrunch for android# NetworkNEEQ: 833897is located in Shanghai, China. The Shanghai-based video site holds the China live-streaming rights for three major global e-tournaments, namely League of Legends, Overwatch and PlayerUnknown’s BattleGrounds, through its unit Bilibili E-Sports. Starting from only several people, to over 400 people now, X.D. Network has been spearheading internet industry in China for over 10 years. Bilibili has bought a 4.72 percent stake in XD for HKD960 million (USD123.5 million) and Alibaba 0.76 percent equity for HKD155 million, XD said today. We established the biggest le sharing websiteVer圜D in 2003, which was among top 50 on Alexa back then. Both Bilibili and Alibaba will be seeking to elbow in on the lucrative gaming sector and secure greater access to XD’s self-developed games and its game sharing community TapTap. Hangzhou-based Alibaba also offers a number of proprietary mobile games through its e-commerce platform Taobao. XD is also preparing to sell USD280 million in convertible bonds that it will use to improve its product portfolio, as well as for strategic investment and marketing, it said. Hello and welcome back to TechCrunchs China roundup, a digest of recent. Shares in Bilibili and Alibaba advanced today. Lilith Games said Rise of Kingdoms, which was launched on Wednesday, is now available on Apple’s App Store, X.D. Network, which runs the popular game distribution platform TapTap in China. Network Inc.’s TapTap, Alibaba’s 9Game and its own website.
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