On the Record · Bilibili
Bilibili acquisitions, on the record
The businesses Bilibili bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Beijing Siyuexingkong Network Technology Co., Ltd., a comics distribution companyWord for word“For example, in November 2021, we acquired all of the equity interests in Beijing Siyuexingkong Network Technology Co., Ltd., a comics distribution company, to enrich our content offerings.” 20-F for 2023 | acquisition | November 2021 | — |
a game companyWord for word“In February 2022, we acquired all of the equity interests in a game company to expand our in-house capacity in game development.” 20-F for 2023 | acquisition | February 2022 | — |
land use rights for a parcel of land in ShanghaiWord for word“The total investment for the acquisition of land use rights is approximately RMB9.0 billion.” 20-F for 2024 | acquisition | — | approximately RMB9.0 billion |
investment fund (equity interests in certain investments)Word for word“In 2022, we transferred some of our equity interests in certain investments to an investment fund, of which we are a limited partner, with a consideration of RMB275.0 million.” 20-F for 2024 | divestiture | In 2022 | RMB275.0 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2018-12-31 | $19.8 million |
| 2019-12-31 | $103.4 million |
| 2020-12-31 | $76.5 million |
| 2021-12-31 | $81.9 million |
| 2022-12-31 | $171.1 million |
| 2023-12-31 | $9.9 million |
| 2025-12-31 | −$3.9 million |
Read from Bilibili’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.