Alibaba-backed Bilibili sees sees sixfold rise in ecommerce revenue
kr-asia, Wednesday, May 15, 2019
Chinese youth-orientated video-streaming platform Bilibili earned CNY1.37 billion (USD204.7 million) in revenue in the first quarter of 2019, a 58% increase from the same period in 2018. Revenue from ecommerce reached CNY95.9 million (USD14.1 million), representing an increase of 621% from the first three months of 2018. Bilibili’s average monthly active users reached 101.3 million in the first quarter, representing an increase of 31% from the same period in 2018.