Sony invests $400m in Chinese video site Bilibili

Sony invests $400m in Chinese video 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., on Wednesday, March 28, 2018. Bilibili, China's top online platform for streaming animation, is poised to raise $483 million in its U.S. initial public offering, according to people with knowledge of the matter. Photographer: Michael Nagle/Bloomberg

Chinese video site Bilibili will receive $400 million equity investment from Sony Corp America, Bilibili said Thursday, as the two companies seek to further collaborate in entertainment to attract China’s Gen Z.

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