Bank of China International released a research report stating that while maintaining the Bilibili-W “buy” rating, the target price for H shares remained unchanged at HK$224. The bank pointed out that Bilibili announced a series of deals after the market closed last Friday, once and for all, eliminating all pressure on Tencent to reduce its holdings, and raised about 400 million US dollars in net capital by issuing a total of 700 million US dollars and zero-interest convertible bonds due in 2031, with optional redemption rights in 2029, with optional redemption rights in 2029. The bank believes that this is a highly constructive and tailored plan for Bilibili, which effectively mitigates the impact of the proposed issuance of 700 million US dollars of convertible bonds and the simultaneous one-time reduction of Tencent's large holdings on stock prices. At the same time, Tencent's $200 million convertible bond subscription also shows confidence in Bilibili's long-term upward potential. Bank of China International is optimistic that Bilibili will achieve strong and sustainable profit growth, contributed by its healthy “3C” flywheel, and is being further amplified by focused and restrained AI implementation.

Bank of China International released a research report stating that while maintaining the Bilibili-W “buy” rating, the target price for H shares remained unchanged at HK$224. The bank pointed out that Bilibili announced a series of deals after the market closed last Friday, once and for all, eliminating all pressure on Tencent to reduce its holdings, and raised about 400 million US dollars in net capital by issuing a total of 700 million US dollars and zero-interest convertible bonds due in 2031, with optional redemption rights in 2029, with optional redemption rights in 2029. The bank believes that this is a highly constructive and tailored plan for Bilibili, which effectively mitigates the impact of the proposed issuance of 700 million US dollars of convertible bonds and the simultaneous one-time reduction of Tencent's large holdings on stock prices. At the same time, Tencent's $200 million convertible bond subscription also shows confidence in Bilibili's long-term upward potential. Bank of China International is optimistic that Bilibili will achieve strong and sustainable profit growth, contributed by its healthy “3C” flywheel, and is being further amplified by focused and restrained AI implementation.