Tencent injects $317.6m into Chinese anime streaming site Bilibili

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

Tencent Holdings Ltd will invest $317.6 million in Chinese streaming site Bilibili in return for a 12.3 per cent stake, the two companies announced this week.

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