#Bilibili x.d. network chinese taptap tv
Yoozoo has sole rights globally for film and TV adaptations of the Hugo Award-winning science fiction novel - The Three-Body Problem. Yoozoo, which is the developer of the popular 'Game of Thrones: Winter Is Coming' game, did not reply to a request for comment.Īnother attraction for Bilibili to team up with Yoozoo is content opportunities. Network, could team up with some Shanghai-based state investors to form a consortium for the deal, they added.Ī Bilibili spokeswoman denied it was seeking a deal with Yoozoo. In addition to the stake purchase, Bilibili and Chen are looking to acquire Yoozoo's headquarters building in Shanghai and take on debt of nearly 700 million yuan the company's late founder Lin Qi left, said the two people.īilibili, which last week invested HK$960 million ($123 million) for a 4.72% stake in online game developer X.D. Last month, Bilibili and its founder Chen Rui submitted to Xu a term sheet - a non-binding agreement describing the basic terms and conditions of an investment - said the first two people.Ī 24% stake in Yoozoo is worth about $475 million based on the Shenzhen-listed company's market capitalisation of $1.98 billion on Wednesday. A majority of gaming customers in China are young.īilibili is in talks on the deal with Xu Fenfen, chairwoman of Yoozoo, said the two people and another person with direct knowledge of the matter. The gaming industry received a boost last year after the COVID-19 pandemic forced many residents to stay at home, driving up game downloads and boosting the revenues of the companies.
It also comes as Yoozoo, the video game company that is also known as Youzu Interactive, is facing management challenges after its chairman died under suspicious circumstances in December.Ī majority of Bilibili's more than 200 million monthly active users in December were young people, and it is this customer-base demographic that the Shanghai-based firm hopes will fuel its growth in the $44 billion Chinese gaming market.
The move comes after Bilibili, which is backed by Chinese technology giants Tencent Holdings and Alibaba Group Holding, raised about $2.6 billion in a secondary listing in Hong Kong last month.
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