Sina Hong Kong stock news on July 9, this afternoon, there is another news that large-scale US-listed Chinese stocks are back to be listed in Hong Kong. Foreign news agencies quoted people familiar with the matter as saying that video broadcasting website Bilibili Inc. (Bilibili Inc. for short) is considering a secondary listing in Hong Kong and intends to sell 5% to 10% of its shares. Bilibili Inc. said he would not comment on the news.
According to the source, Bilibili Inc. has held preliminary talks with the investment bank on the prospect of a secondary listing. The company now has a market capitalization of about US $16.2 billion (about HK $126.36 billion) and plans to sell 5 to 10 per cent of its shares in Hong Kong's IPO.
What does it mean to sell 5% to 10%? In fact, it is very simple, that is, 5% of the shares circulated in the United States will be transferred to the Hong Kong market.
Up to now, Bilibili Inc. has risen as much as 6% before trading, with the latest market capitalization of US $16.2 billion. If calculated at pre-market prices, Bilibili Inc. 's market capitalization will exceed US $17 billion.
However, the source added that Bilibili Inc. will not list in Hong Kong until next year because Hong Kong's listing rules stipulate that companies with secondary listings must obtain good regulatory compliance records for at least two financial years on another exchange.
The chairman and CEO of the company is Chen Rui, who has joined since 2001.Jinshan softwareIn 2006, he was appointed general manager of Jinshan drug bully business department. He left Jinshan in 2008 and founded KE Holdings Inc. Security, the first cloud security vendor in China. In 2010, KE Holdings Inc. Security was acquired by Jinshan and became the co-founder of Jinshan Network (now Cheetah Mobile Inc, NYSE:CMCM). In 2011, he invested in Bilibili as an angel and has been acting as a business consultant for Bilibili. He quit after Cheetah Mobile Inc IPO in 2014 and officially joined Bilibili as a partner as chairman of Bilibili.
Inquiries from Sina Hong Kong stocks found that Chen Rui currently holds 49.43 million ADR of Bilibili Inc., which is also 49.43 million equity, accounting for 15.1 per cent, but owns 49.3 million class Y shares, each of which has 10 voting shares and 45 per cent voting rights.
Tencent holds 43.75 million shares, 13.3 per cent, with only 4 per cent voting rights.
Xu Yi, director and president of the company, holds 7.2 million class Y shares and 800000 class Z shares, accounting for 8.8% of the total, with 26.3% of the voting rights.
BABA's Taobao holds 23.65 million class Z shares, or 7.2 per cent, with 2.2 per cent of the voting rights.
Zhengxin Valley Innovation Capital holds 5.9% of the shares and has 1.8% of the voting rights.
According to statistics, Chen Rui, chairman of the company, is worth US $2.307 billion, equivalent to HK $17.9 billion. Xu Yi, the company's president, is worth US $373 million, equivalent to HK $2.9 billion.
The company's total net revenue in the first quarter reached 2.32 billion yuan, an increase of 69% over the same period last year. The net loss was 540 million yuan, which was larger than that of 196 million yuan in the same period last year. In the first quarter, the company's total MAU reached 172 million, of which the number of mobile monthly active users reached 156 million, an increase of 70% and 77% respectively compared with the same period last year. DAU reached 50.8 million in the first quarter, an increase of 69% over the same period last year, and the company's average number of monthly paying users reached 13.4 million in the first quarter, an increase of 134% over the same period last year.
Guoyuan International said that the company's game business revenue growth began to accelerate in the first quarter, and the company's products were updated in the first quarter, which also led to the improvement of players' consumption level. The company's advertising business grew much faster than the industry in the first quarter, partly because the company began to think about how to "break the circle" in 2019, changing the label that the company used to define as a "two-dimensional community". According to Q1 data, the penetration of the company's brand among users between the ages of 15 and 35 is increasing. (text / Stone)