Nasdaq-listed Bilibili invests $66m in HK-based film producer Huanxi Media

Nasdaq-listed Bilibili invests $66m in HK-based film producer Huanxi Media

Rui Chen, chairman and chief executive officer of Bilibili Inc., stands for a photograph during the company's initial public offering (IPO) outside of the Nasdaq MarketSite in New York, U.S. Photographer: Michael Nagle/Bloomberg

Nasdaq-listed Chinese online video platform giant Bilibili has entered into an agreement to invest HK$513 million ($66 million) in Huanxi Media, a Hong Kong-based film producer, as the online release of theatrical films has become a new norm in the country after the pandemic.

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