Bilibili proposed $700 million of convertible notes, with $200 million from Tencent

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Bilibili announced on Sep 4, 2026 proposed offerings of $700 million in convertible senior notes due 2031, including $200 million that Tencent, through a subsidiary, agreed to subscribe for. The company planned to use the proceeds to fund repurchases of about $100 million of borrowed Class Z shares and $200 million of Class Z shares held by Tencent, and for AI-driven growth and general corporate purposes. The company said Tencent's $200 million subscription and the price of the shares it would repurchase from Tencent were to be set off against each other, and that the repurchase needed approval at an extraordinary general meeting, which it expected to convene. The announcement is a press release attached to a Form 6-K, the report a foreign company files on what it has made public at home, filed with the SEC on Sep 4, 2026.1^,2^,3^,4^,5^,6^,7^,8^,9^,10