Alibaba Unloads $360 Million of Bilibili in Latest Asset Sale | allainews.com

March 21, 2024, 5:13 p.m. | Amy Or, Henry Ren

Bloomberg Technology bloomberg.com

Alibaba Group Holding Ltd. sold almost $360 million of stock in Chinese streaming platform Bilibili Inc. at a significant discount, the latest in a string of asset deals from an e-commerce pioneer seeking capital to invest in AI and rejuvenate the business.

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