On September 7, BILIBILI-W rose 3.29% in regular trading, trading at HKD 125.3 per share, with turnover of approximately HKD 3.473 billion.

On the news front, Citi noted that Tencent's plan to sell its BILIBILI-W holdings concurrent with the company's convertible bond issuance helps eliminate a major overhang risk on the stock. BILIBILI-W previously announced the issuance of $700 million in convertible senior notes due 2031, with Tencent subscribing for $200 million through its subsidiary HuangRiver on the same terms as other investors. Simultaneously, approximately $400 million worth of Class Z ordinary shares held by Tencent are being placed in the secondary market, while the company is conducting a $300 million share buyback program to offset potential dilution. Proceeds from the offering are earmarked for hedging buybacks, AI-driven business growth, and general corporate purposes. The company recently reported first-half net profit of RMB 541 million, up 160.6% year-over-year, with advertising revenue surging 29% to become its largest revenue source.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)