Tencent Holdings stake in Bilibili Inc. falls to 4.1%

What did Bilibili Inc. announce?

Tencent Holdings Ltd. reduced its passive stake in Bilibili Inc. to 4.1% of Class Z Ordinary Shares from its previous holding.

Key details

• Tencent Holdings Ltd. now beneficially owns 13,639,108 Class Z Ordinary Shares.
• The stake represents 4.1% of the Class Z Ordinary Shares outstanding.
• This is an amendment to a previously filed Schedule 13G.

Why it matters

This 13G/A reports a change in ownership at Bilibili Inc.. The likely share-price reaction reads as neutral.

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All Bilibili Inc. SEC filings →