Video platform Bilibili to raise HK$20b in HK

Chinese online video site Bilibili Inc is set to raise HK$20.2 billion (US$2.60 billion) by pricing shares in its Hong Kong secondary listing at HK$808 each, said three people with direct knowledge of the matter, Reuters reports.

The people could not be named as the information had not yet been made public.

Bilibili did not immediately respond to a request for comment.

Bilibili describes itself as a company that "represents an iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China. Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games. ''