NEW YORK, March 28, 2018 (GLOBE NEWSWIRE) — Bilibili Inc. (Nasdaq:BILI), the leading online entertainment platform serving young generations in China, rang the opening bell at the Nasdaq MarketSite in Times Square today. The event celebrated the company’s initial public offering (IPO) on The Nasdaq Stock Market.
Established in 2009 and inspired by anime, comics and games, Bilibili has grown into a full-spectrum online entertainment community covering a wide array of genres and formats, including online videos, live broadcasting and mobile games. In the fourth quarter of 2017, the Company had 72 million average monthly active users, more than 80 percent of whom were born between 1990 and 2009, known as Generation Z. By capturing this core audience, Bilibili aims to establish its market leadership in China’s burgeoning online entertainment industry.
“We are excited to become a publicly listed company at Nasdaq, joining a list of the world’s greatest internet and technology companies. We’d like to express our appreciation to our valued users and content creators for their years of support in our community. Building on our iconic brand, diverse community culture and growing supply of creative content, we look forward to strengthening our leadership position while driving our growth to the next level,” said Rui Chen, Chairman and Chief Executive Officer of Bilibili.
“Bilibili strives to enrich the online entertainment experience for their communities and has since grown to become the destination for young generations in China for their diverse entertainment needs. We are excited to welcome Bilibili to join our family of innovative media companies and look forward to supporting their continued success,” said Bob McCooey, Senior Vice President, Global Head of Capital Markets, Listing Services and Chairman for Asia Pacific.
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