Why Tencent is swapping Bilibili equity for debt, and what AI has to do with it

Tencent Holdings’ pivot from a core shareholder to a major creditor in Bilibili offers a clear window into how China’s B

ig Tech players are rebalancing portfolio risk while funding expensive artificial intelligence initiatives. The shift, executed through Bilibili’s proposed US$700 million convertible bond package anno...

via South China Morning Post
 
 
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