Bilibili announces strategic equity investment in china telecom

Shanghai, china, aug. 11, 2021 (globe newswire) -- bilibili inc. (the “company” or “bilibili”) (nasdaq: bili and hkex: 9626), an iconic brand and a leading video community for young generations in china, today announced that its prc subsidiary shanghai bilibili technology co., ltd. (“shanghai bilibili”) has entered into a strategic investor allotment agreement (the “allotment agreement”) with china telecom corporation limited (or “china telecom”) (hkex: 0728) and a sponsor (the “sponsor”) for china telecom's proposed offering of a shares in conjunction with its listing on the shanghai stock exchange. china telecom is an integrated intelligent information service provider in the prc with full-service capabilities.
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