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2021-03-18

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2021-03-18

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Bilibili Hong Kong stocks are offering today, with a first-hand entry fee of about HK$19,959

2021-03-18

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HK) from 18 March to 23 March 2021, the Public Offer Price will not exceed HK$988.00 per Hong Kong Offer Share in board lots of 20 Shares under the stock code \"9626\". It is expected to be listed on Monday, March 29, 2021.<img src=\"https://static.tigerbbs.com/da523cc810f669b6583bebf395b1d418\" tg-width=\"550\" tg-height=\"442\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>20 shares per lot with an admission fee of HK$19,959.12.</p><p>The threshold of Group B is 6,000 shares, and the funds required for subscription are about HK$5,987,763.46.<img src=\"https://static.tigerbbs.com/244f0536c2e47327abe28219456ab2c7\" tg-width=\"653\" tg-height=\"372\" referrerpolicy=\"no-referrer\">It is reported that Bilibili originated from the ACG content community website founded in 2009. At present, it has developed into an iconic brand and a leading video community for China's younger generation, providing a large number of rich content to meet the diverse interests of young people. The platform centers on professional user-generated video (PUGV), supplemented by live broadcast, professional organization-generated video (OGV), etc. The content categories cover many fields such as life, games, entertainment, animation, technology and knowledge.</p><p>In March 2018, the company was listed on NASDAQ in the United States under the code \"BILI\". Since its listing for nearly three years,<a href=\"https://laohu8.com/S/BILI.US\">Bilibili</a>The stock price has risen by more than 800%. As of the close of U.S. stocks on March 17, 2021, Bilibili's total market capitalization has reached $39.2 billion.</p><p>Bilibili has a large and rapidly growing user base. In 20Q4, the monthly active users of the platform reached 202 million, a year-on-year increase of 55%. At the same time, Bilibili mobile monthly active users increased by 49% between 2019 and 2020, which was the highest growth rate of mobile monthly active users among the top ten video mobile applications in China in 2020, which was higher than the average growth rate of the other nine video mobile applications (11.9%) in the same period.</p><p>In terms of revenue structure, the company has realized diversified monetization models, mainly generating revenue from mobile games, value-added services, advertising, e-commerce and other aspects. Benefiting from the rapid growth of various business segments, Bilibili's revenue has grown rapidly in recent years. From 2018 to 2020, the net turnover of the Company was RMB4.129 billion, RMB6.778 billion and RMB11.999 billion, respectively, with a CAGR of 70.5%. The gross profit margin for the same periods was 20.7%, 17.6% and 23.7%, respectively.</p><p>According to the prospectus, Bilibili has not yet achieved profitability and incurred net losses of RMB565 million, RMB1,304 million and RMB3,054 million from 2018 to 2020.<img src=\"https://static.tigerbbs.com/8ffa01204ffbd3bc6a65cb3cca169162\" tg-width=\"700\" tg-height=\"646\" referrerpolicy=\"no-referrer\">In terms of industry, pan-video platforms in China are mainly commercialized through advertising, mobile games, live streaming, membership and paid content and other channels. Since 2016, various commercialization channels in the pan-video market in China have grown significantly and are expected to continue to expand at a relatively high rate in the future. Among them, Z + generation, as the driving force and trend leader of all kinds of online consumption in China, is regarded as the golden group in the pan-video market.</p><p>Video content has become an important way for Gen Z + to communicate and interact. In 2020, Gen Z + reached 452 million people, of which 74.3% watched various forms of video content, and this penetration rate is expected to further increase to 99.1% by 2025.</p><p>Generation Z + has become the most important pillar of China's pan-video market, accounting for 64.8% of the market size of the pan-video market in 2019, and the per capita output value increased from RMB516 in 2016 to RMB1,280 in 2019, and then to RMB3,042 in 2025.</p><p>It is worth noting that according to the prospectus, Chen Rui, chairman and CEO of the board of directors, holds 14.2% of the shares and is the largest shareholder of the company;<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>With 12.4% of the shares, it is its second largest shareholder; President Xu Yi holds 8% of the shares and is the third largest shareholder of the company;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Taobao China Holdings Limited is the fourth largest shareholder with a 6.7% stake.</p><p>For financing purposes, the IPO is expected to receive net proceeds from the Global Offering of approximately HK$24.3 billion (after deducting underwriting commissions and other estimated expenses in connection with the Global Offering) based on the ceiling of the Offer Price of HK$988. The Company intends to use the net proceeds from the Share Offer for the following purposes: 50% for the Company's content to support the Company's healthy and high-quality user growth; 20% for research and development; 20% for sales and marketing; 10% for general corporate purposes and working capital requirements.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili Hong Kong stocks are offering today, with a first-hand entry fee of about HK$19,959</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili Hong Kong stocks are offering today, with a first-hand entry fee of about HK$19,959\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-18 09:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>March 18th news,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>（<a href=\"https://laohu8.com/S/09626\">$(09626)$</a>. HK) from 18 March to 23 March 2021, the Public Offer Price will not exceed HK$988.00 per Hong Kong Offer Share in board lots of 20 Shares under the stock code \"9626\". It is expected to be listed on Monday, March 29, 2021.<img src=\"https://static.tigerbbs.com/da523cc810f669b6583bebf395b1d418\" tg-width=\"550\" tg-height=\"442\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>20 shares per lot with an admission fee of HK$19,959.12.</p><p>The threshold of Group B is 6,000 shares, and the funds required for subscription are about HK$5,987,763.46.<img src=\"https://static.tigerbbs.com/244f0536c2e47327abe28219456ab2c7\" tg-width=\"653\" tg-height=\"372\" referrerpolicy=\"no-referrer\">It is reported that Bilibili originated from the ACG content community website founded in 2009. At present, it has developed into an iconic brand and a leading video community for China's younger generation, providing a large number of rich content to meet the diverse interests of young people. The platform centers on professional user-generated video (PUGV), supplemented by live broadcast, professional organization-generated video (OGV), etc. The content categories cover many fields such as life, games, entertainment, animation, technology and knowledge.</p><p>In March 2018, the company was listed on NASDAQ in the United States under the code \"BILI\". Since its listing for nearly three years,<a href=\"https://laohu8.com/S/BILI.US\">Bilibili</a>The stock price has risen by more than 800%. As of the close of U.S. stocks on March 17, 2021, Bilibili's total market capitalization has reached $39.2 billion.</p><p>Bilibili has a large and rapidly growing user base. In 20Q4, the monthly active users of the platform reached 202 million, a year-on-year increase of 55%. At the same time, Bilibili mobile monthly active users increased by 49% between 2019 and 2020, which was the highest growth rate of mobile monthly active users among the top ten video mobile applications in China in 2020, which was higher than the average growth rate of the other nine video mobile applications (11.9%) in the same period.</p><p>In terms of revenue structure, the company has realized diversified monetization models, mainly generating revenue from mobile games, value-added services, advertising, e-commerce and other aspects. Benefiting from the rapid growth of various business segments, Bilibili's revenue has grown rapidly in recent years. From 2018 to 2020, the net turnover of the Company was RMB4.129 billion, RMB6.778 billion and RMB11.999 billion, respectively, with a CAGR of 70.5%. The gross profit margin for the same periods was 20.7%, 17.6% and 23.7%, respectively.</p><p>According to the prospectus, Bilibili has not yet achieved profitability and incurred net losses of RMB565 million, RMB1,304 million and RMB3,054 million from 2018 to 2020.<img src=\"https://static.tigerbbs.com/8ffa01204ffbd3bc6a65cb3cca169162\" tg-width=\"700\" tg-height=\"646\" referrerpolicy=\"no-referrer\">In terms of industry, pan-video platforms in China are mainly commercialized through advertising, mobile games, live streaming, membership and paid content and other channels. Since 2016, various commercialization channels in the pan-video market in China have grown significantly and are expected to continue to expand at a relatively high rate in the future. Among them, Z + generation, as the driving force and trend leader of all kinds of online consumption in China, is regarded as the golden group in the pan-video market.</p><p>Video content has become an important way for Gen Z + to communicate and interact. In 2020, Gen Z + reached 452 million people, of which 74.3% watched various forms of video content, and this penetration rate is expected to further increase to 99.1% by 2025.</p><p>Generation Z + has become the most important pillar of China's pan-video market, accounting for 64.8% of the market size of the pan-video market in 2019, and the per capita output value increased from RMB516 in 2016 to RMB1,280 in 2019, and then to RMB3,042 in 2025.</p><p>It is worth noting that according to the prospectus, Chen Rui, chairman and CEO of the board of directors, holds 14.2% of the shares and is the largest shareholder of the company;<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>With 12.4% of the shares, it is its second largest shareholder; President Xu Yi holds 8% of the shares and is the third largest shareholder of the company;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Taobao China Holdings Limited is the fourth largest shareholder with a 6.7% stake.</p><p>For financing purposes, the IPO is expected to receive net proceeds from the Global Offering of approximately HK$24.3 billion (after deducting underwriting commissions and other estimated expenses in connection with the Global Offering) based on the ceiling of the Offer Price of HK$988. The Company intends to use the net proceeds from the Share Offer for the following purposes: 50% for the Company's content to support the Company's healthy and high-quality user growth; 20% for research and development; 20% for sales and marketing; 10% for general corporate purposes and working capital requirements.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7c7f2e3ab9856d4cdcb423e2c4f7a729","relate_stocks":{"09626":"哔哩哔哩-W","BILI":"哔哩哔哩"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146319399","content_text":"3月18日消息，哔哩哔哩（$(09626)$.HK）于2021年3月18日至3月23日招股，公开发售价将不超过每股香港发售股份988.00港元，每手20股，股票代码为“ 9626”。预计将在2021年3月29日（星期一）挂牌上市。申购阶梯：每手20股，入场费19959.12港元。乙组门槛为6000股，申购所需资金约5987763.46港元。据悉，哔哩哔哩起源于2009年创立的ACG内容型社区网站，目前已发展成为中国年轻一代的标志性品牌及领先的视频社区，提供大量丰富的内容以满足年轻人多元的兴趣。平台以专业用户生成视频（PUGV）为中心，辅以直播、专业机构生成视频（OGV）等，内容品类覆盖生活、游戏、娱乐、动漫、科技和知识等众多领域。2018年3月，公司在美国纳斯达克上市，代码“BILI”，上市近三年以来，哔哩哔哩的股价已经上涨超800%。截至2021年3月17日美股收盘，哔哩哔哩的总市值已达到392亿美元。哔哩哔哩拥有庞大且快速增长的用户基础。20Q4，平台月活用户达到2.02亿人，同比增长55%。同时，哔哩哔哩移动端月活用户于2019年至2020年间增长49%，为2020年中国前十大视频移动端应用中移动端月活用户增长幅度最高，高于其余九大视频移动端应用在同期的平均增长率(11.9%)。营收结构方面，公司实现了多元的变现模式，主要从移动游戏、增值服务、广告、电商及其他方面带来收入。受益于各业务板块高速增长，哔哩哔哩近年来营收增长迅猛，2018年至2020年，公司净营业额分别为人民币41.29亿元、67.78亿元及119.99亿元，复合年增长率为70.5%；同期毛利率分别为20.7%、17.6%及23.7%。根据招股书，哔哩哔哩尚未实现盈利，2018年至2020年产生净亏损人民币5.65亿元、13.04亿元及30.54亿元。行业方面，中国的泛视频平台主要通过广告、移动游戏、直播、会员和付费内容及其他渠道进行商业化。自2016年以来，中国泛视频市场的各种商业化渠道显著增长，预期未来将以相对较高的速度继续扩张。其中，Z+世代作为中国各类线上消费的驱动力和趋势引领者，被视为泛视频市场的黄金群体。视频内容已经成为Z+世代交流和互动的重要途径。2020年Z+世代达到4.52亿人，其中74.3%观看各种形式的视频内容，预期到2025年此渗透率将进一步提升到99.1%。Z+世代已成为中国泛视频市场最重要的支柱，2019年占泛视频市场市场规模的64.8%，人均产值从2016年的人民币516元增加至2019年的人民币1280元，再到2025年的人民币3042元。值得关注的是，根据招股书显示，董事会主席兼CEO陈睿持股14.2%，为公司最大股东；腾讯控股持股12.4%为其第二大股东；总裁徐逸持股8%，为公司第三大股东；阿里巴巴淘宝中国控股有限公司为第四大股东，持股6.7%。筹资用途方面，以发售价的上限988港元计算，此次IPO预计自全球发售收取所得款项净额约243亿港元（经扣除包销佣金及与全球发售有关的其他估计开支）。公司拟将股份发售所得款项净额用于以下用途：50%用于公司的内容以支持公司的健康和高质量的用户增长；20%用于研发；20%用于销售及营销；10%用于一般公司用途及运营资本需要。","news_type":1,"symbols_score_info":{"09626":0.9,"BILI":0.9}},"isVote":1,"tweetType":1,"viewCount":2123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327985559,"gmtCreate":1616051072771,"gmtModify":1704790220817,"author":{"id":"3578615187019978","authorId":"3578615187019978","name":"KR88","avatar":"https://static.tigerbbs.com/df9ad0e11255061b0a6b38f8d9bd4acc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578615187019978","idStr":"3578615187019978"},"themes":[],"htmlText":"waiting 25","listText":"waiting 25","text":"waiting 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09:06","market":"us","language":"zh","title":"Bilibili Hong Kong stocks are offering today, with a first-hand entry fee of about HK$19,959","url":"https://stock-news.laohu8.com/highlight/detail?id=1146319399","media":"老虎资讯综合","summary":"3月18日消息，$哔哩哔哩 $于2021年3月18日至3月23日招股，公开发售价将不超过每股香港发售股份988.00港元，每手20股，股票代码为“ 9626”。预计将在2021年3月29日（星期一）挂牌上市。每手20股，入场费19959.12港元。乙组门槛为6000股，申购所需资金约5987763.46港元。截至2021年3月17日美股收盘，哔哩哔哩的总市值已达到392亿美元。根据招股书，哔哩哔哩尚未实现盈利，2018年至2020年产生净亏损人民币5.65亿元、13.04亿元及30.54亿元。","content":"<p>March 18th news,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>（<a href=\"https://laohu8.com/S/09626\">$(09626)$</a>. HK) from 18 March to 23 March 2021, the Public Offer Price will not exceed HK$988.00 per Hong Kong Offer Share in board lots of 20 Shares under the stock code \"9626\". It is expected to be listed on Monday, March 29, 2021.<img src=\"https://static.tigerbbs.com/da523cc810f669b6583bebf395b1d418\" tg-width=\"550\" tg-height=\"442\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>20 shares per lot with an admission fee of HK$19,959.12.</p><p>The threshold of Group B is 6,000 shares, and the funds required for subscription are about HK$5,987,763.46.<img src=\"https://static.tigerbbs.com/244f0536c2e47327abe28219456ab2c7\" tg-width=\"653\" tg-height=\"372\" referrerpolicy=\"no-referrer\">It is reported that Bilibili originated from the ACG content community website founded in 2009. At present, it has developed into an iconic brand and a leading video community for China's younger generation, providing a large number of rich content to meet the diverse interests of young people. The platform centers on professional user-generated video (PUGV), supplemented by live broadcast, professional organization-generated video (OGV), etc. The content categories cover many fields such as life, games, entertainment, animation, technology and knowledge.</p><p>In March 2018, the company was listed on NASDAQ in the United States under the code \"BILI\". Since its listing for nearly three years,<a href=\"https://laohu8.com/S/BILI.US\">Bilibili</a>The stock price has risen by more than 800%. As of the close of U.S. stocks on March 17, 2021, Bilibili's total market capitalization has reached $39.2 billion.</p><p>Bilibili has a large and rapidly growing user base. In 20Q4, the monthly active users of the platform reached 202 million, a year-on-year increase of 55%. At the same time, Bilibili mobile monthly active users increased by 49% between 2019 and 2020, which was the highest growth rate of mobile monthly active users among the top ten video mobile applications in China in 2020, which was higher than the average growth rate of the other nine video mobile applications (11.9%) in the same period.</p><p>In terms of revenue structure, the company has realized diversified monetization models, mainly generating revenue from mobile games, value-added services, advertising, e-commerce and other aspects. Benefiting from the rapid growth of various business segments, Bilibili's revenue has grown rapidly in recent years. From 2018 to 2020, the net turnover of the Company was RMB4.129 billion, RMB6.778 billion and RMB11.999 billion, respectively, with a CAGR of 70.5%. The gross profit margin for the same periods was 20.7%, 17.6% and 23.7%, respectively.</p><p>According to the prospectus, Bilibili has not yet achieved profitability and incurred net losses of RMB565 million, RMB1,304 million and RMB3,054 million from 2018 to 2020.<img src=\"https://static.tigerbbs.com/8ffa01204ffbd3bc6a65cb3cca169162\" tg-width=\"700\" tg-height=\"646\" referrerpolicy=\"no-referrer\">In terms of industry, pan-video platforms in China are mainly commercialized through advertising, mobile games, live streaming, membership and paid content and other channels. Since 2016, various commercialization channels in the pan-video market in China have grown significantly and are expected to continue to expand at a relatively high rate in the future. Among them, Z + generation, as the driving force and trend leader of all kinds of online consumption in China, is regarded as the golden group in the pan-video market.</p><p>Video content has become an important way for Gen Z + to communicate and interact. In 2020, Gen Z + reached 452 million people, of which 74.3% watched various forms of video content, and this penetration rate is expected to further increase to 99.1% by 2025.</p><p>Generation Z + has become the most important pillar of China's pan-video market, accounting for 64.8% of the market size of the pan-video market in 2019, and the per capita output value increased from RMB516 in 2016 to RMB1,280 in 2019, and then to RMB3,042 in 2025.</p><p>It is worth noting that according to the prospectus, Chen Rui, chairman and CEO of the board of directors, holds 14.2% of the shares and is the largest shareholder of the company;<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>With 12.4% of the shares, it is its second largest shareholder; President Xu Yi holds 8% of the shares and is the third largest shareholder of the company;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Taobao China Holdings Limited is the fourth largest shareholder with a 6.7% stake.</p><p>For financing purposes, the IPO is expected to receive net proceeds from the Global Offering of approximately HK$24.3 billion (after deducting underwriting commissions and other estimated expenses in connection with the Global Offering) based on the ceiling of the Offer Price of HK$988. The Company intends to use the net proceeds from the Share Offer for the following purposes: 50% for the Company's content to support the Company's healthy and high-quality user growth; 20% for research and development; 20% for sales and marketing; 10% for general corporate purposes and working capital requirements.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bilibili Hong Kong stocks are offering today, with a first-hand entry fee of about HK$19,959</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili Hong Kong stocks are offering today, with a first-hand entry fee of about HK$19,959\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-18 09:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>March 18th news,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>（<a href=\"https://laohu8.com/S/09626\">$(09626)$</a>. HK) from 18 March to 23 March 2021, the Public Offer Price will not exceed HK$988.00 per Hong Kong Offer Share in board lots of 20 Shares under the stock code \"9626\". It is expected to be listed on Monday, March 29, 2021.<img src=\"https://static.tigerbbs.com/da523cc810f669b6583bebf395b1d418\" tg-width=\"550\" tg-height=\"442\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>20 shares per lot with an admission fee of HK$19,959.12.</p><p>The threshold of Group B is 6,000 shares, and the funds required for subscription are about HK$5,987,763.46.<img src=\"https://static.tigerbbs.com/244f0536c2e47327abe28219456ab2c7\" tg-width=\"653\" tg-height=\"372\" referrerpolicy=\"no-referrer\">It is reported that Bilibili originated from the ACG content community website founded in 2009. At present, it has developed into an iconic brand and a leading video community for China's younger generation, providing a large number of rich content to meet the diverse interests of young people. The platform centers on professional user-generated video (PUGV), supplemented by live broadcast, professional organization-generated video (OGV), etc. The content categories cover many fields such as life, games, entertainment, animation, technology and knowledge.</p><p>In March 2018, the company was listed on NASDAQ in the United States under the code \"BILI\". Since its listing for nearly three years,<a href=\"https://laohu8.com/S/BILI.US\">Bilibili</a>The stock price has risen by more than 800%. As of the close of U.S. stocks on March 17, 2021, Bilibili's total market capitalization has reached $39.2 billion.</p><p>Bilibili has a large and rapidly growing user base. In 20Q4, the monthly active users of the platform reached 202 million, a year-on-year increase of 55%. At the same time, Bilibili mobile monthly active users increased by 49% between 2019 and 2020, which was the highest growth rate of mobile monthly active users among the top ten video mobile applications in China in 2020, which was higher than the average growth rate of the other nine video mobile applications (11.9%) in the same period.</p><p>In terms of revenue structure, the company has realized diversified monetization models, mainly generating revenue from mobile games, value-added services, advertising, e-commerce and other aspects. Benefiting from the rapid growth of various business segments, Bilibili's revenue has grown rapidly in recent years. From 2018 to 2020, the net turnover of the Company was RMB4.129 billion, RMB6.778 billion and RMB11.999 billion, respectively, with a CAGR of 70.5%. The gross profit margin for the same periods was 20.7%, 17.6% and 23.7%, respectively.</p><p>According to the prospectus, Bilibili has not yet achieved profitability and incurred net losses of RMB565 million, RMB1,304 million and RMB3,054 million from 2018 to 2020.<img src=\"https://static.tigerbbs.com/8ffa01204ffbd3bc6a65cb3cca169162\" tg-width=\"700\" tg-height=\"646\" referrerpolicy=\"no-referrer\">In terms of industry, pan-video platforms in China are mainly commercialized through advertising, mobile games, live streaming, membership and paid content and other channels. Since 2016, various commercialization channels in the pan-video market in China have grown significantly and are expected to continue to expand at a relatively high rate in the future. Among them, Z + generation, as the driving force and trend leader of all kinds of online consumption in China, is regarded as the golden group in the pan-video market.</p><p>Video content has become an important way for Gen Z + to communicate and interact. In 2020, Gen Z + reached 452 million people, of which 74.3% watched various forms of video content, and this penetration rate is expected to further increase to 99.1% by 2025.</p><p>Generation Z + has become the most important pillar of China's pan-video market, accounting for 64.8% of the market size of the pan-video market in 2019, and the per capita output value increased from RMB516 in 2016 to RMB1,280 in 2019, and then to RMB3,042 in 2025.</p><p>It is worth noting that according to the prospectus, Chen Rui, chairman and CEO of the board of directors, holds 14.2% of the shares and is the largest shareholder of the company;<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>With 12.4% of the shares, it is its second largest shareholder; President Xu Yi holds 8% of the shares and is the third largest shareholder of the company;<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Taobao China Holdings Limited is the fourth largest shareholder with a 6.7% stake.</p><p>For financing purposes, the IPO is expected to receive net proceeds from the Global Offering of approximately HK$24.3 billion (after deducting underwriting commissions and other estimated expenses in connection with the Global Offering) based on the ceiling of the Offer Price of HK$988. The Company intends to use the net proceeds from the Share Offer for the following purposes: 50% for the Company's content to support the Company's healthy and high-quality user growth; 20% for research and development; 20% for sales and marketing; 10% for general corporate purposes and working capital requirements.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7c7f2e3ab9856d4cdcb423e2c4f7a729","relate_stocks":{"09626":"哔哩哔哩-W","BILI":"哔哩哔哩"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146319399","content_text":"3月18日消息，哔哩哔哩（$(09626)$.HK）于2021年3月18日至3月23日招股，公开发售价将不超过每股香港发售股份988.00港元，每手20股，股票代码为“ 9626”。预计将在2021年3月29日（星期一）挂牌上市。申购阶梯：每手20股，入场费19959.12港元。乙组门槛为6000股，申购所需资金约5987763.46港元。据悉，哔哩哔哩起源于2009年创立的ACG内容型社区网站，目前已发展成为中国年轻一代的标志性品牌及领先的视频社区，提供大量丰富的内容以满足年轻人多元的兴趣。平台以专业用户生成视频（PUGV）为中心，辅以直播、专业机构生成视频（OGV）等，内容品类覆盖生活、游戏、娱乐、动漫、科技和知识等众多领域。2018年3月，公司在美国纳斯达克上市，代码“BILI”，上市近三年以来，哔哩哔哩的股价已经上涨超800%。截至2021年3月17日美股收盘，哔哩哔哩的总市值已达到392亿美元。哔哩哔哩拥有庞大且快速增长的用户基础。20Q4，平台月活用户达到2.02亿人，同比增长55%。同时，哔哩哔哩移动端月活用户于2019年至2020年间增长49%，为2020年中国前十大视频移动端应用中移动端月活用户增长幅度最高，高于其余九大视频移动端应用在同期的平均增长率(11.9%)。营收结构方面，公司实现了多元的变现模式，主要从移动游戏、增值服务、广告、电商及其他方面带来收入。受益于各业务板块高速增长，哔哩哔哩近年来营收增长迅猛，2018年至2020年，公司净营业额分别为人民币41.29亿元、67.78亿元及119.99亿元，复合年增长率为70.5%；同期毛利率分别为20.7%、17.6%及23.7%。根据招股书，哔哩哔哩尚未实现盈利，2018年至2020年产生净亏损人民币5.65亿元、13.04亿元及30.54亿元。行业方面，中国的泛视频平台主要通过广告、移动游戏、直播、会员和付费内容及其他渠道进行商业化。自2016年以来，中国泛视频市场的各种商业化渠道显著增长，预期未来将以相对较高的速度继续扩张。其中，Z+世代作为中国各类线上消费的驱动力和趋势引领者，被视为泛视频市场的黄金群体。视频内容已经成为Z+世代交流和互动的重要途径。2020年Z+世代达到4.52亿人，其中74.3%观看各种形式的视频内容，预期到2025年此渗透率将进一步提升到99.1%。Z+世代已成为中国泛视频市场最重要的支柱，2019年占泛视频市场市场规模的64.8%，人均产值从2016年的人民币516元增加至2019年的人民币1280元，再到2025年的人民币3042元。值得关注的是，根据招股书显示，董事会主席兼CEO陈睿持股14.2%，为公司最大股东；腾讯控股持股12.4%为其第二大股东；总裁徐逸持股8%，为公司第三大股东；阿里巴巴淘宝中国控股有限公司为第四大股东，持股6.7%。筹资用途方面，以发售价的上限988港元计算，此次IPO预计自全球发售收取所得款项净额约243亿港元（经扣除包销佣金及与全球发售有关的其他估计开支）。公司拟将股份发售所得款项净额用于以下用途：50%用于公司的内容以支持公司的健康和高质量的用户增长；20%用于研发；20%用于销售及营销；10%用于一般公司用途及运营资本需要。","news_type":1,"symbols_score_info":{"09626":0.9,"BILI":0.9}},"isVote":1,"tweetType":1,"viewCount":2123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327985559,"gmtCreate":1616051072771,"gmtModify":1704790220817,"author":{"id":"3578615187019978","authorId":"3578615187019978","name":"KR88","avatar":"https://static.tigerbbs.com/df9ad0e11255061b0a6b38f8d9bd4acc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578615187019978","idStr":"3578615187019978"},"themes":[],"htmlText":"waiting 25","listText":"waiting 25","text":"waiting 25","images":[{"img":"https://static.tigerbbs.com/c316f5230f5674d60978b9597cf353f0","width":"750","height":"2301"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327985559","isVote":1,"tweetType":1,"viewCount":2146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}