Bilibili-W announced that it plans to sell convertible senior notes with a total principal amount of 700 million US dollars and due in 2031, and simultaneously carry out share placements and share repurchases. The company plans to repurchase approximately $100 million of borrowed Class Z common shares and $200 million of existing Class Z common shares held by Tencent. The purchase prices are all reference prices. It is expected that the repurchased shares will be cancelled after completion; simultaneous Tencent's repurchase must be approved by at least three-fourths of the votes of uninterested shareholders.

Bilibili-W announced that it plans to sell convertible senior notes with a total principal amount of 700 million US dollars and due in 2031, and simultaneously carry out share placements and share repurchases. The company plans to repurchase approximately $100 million of borrowed Class Z common shares and $200 million of existing Class Z common shares held by Tencent. The purchase prices are all reference prices. It is expected that the repurchased shares will be cancelled after completion; simultaneous Tencent's repurchase must be approved by at least three-fourths of the votes of uninterested shareholders.