Bilibili Invests HK$960M in X.D.
Bilibili, a popular video streaming platform in China, has recently invested HK$960 million (about $123 million) in X.D. Network, the developer of the Chinese card battle game “Dating” and the operator of TapTap, a mobile game distribution platform . This investment is a significant move for Bilibili as it aims to expand its presence in the gaming industry.
TapTap: A Rising Star in the Chinese Gaming Industry
TapTap is a fast-growing mobile game distribution platform that has gained popularity among Chinese gamers. According to Bilibili’s financial report, mobile games accounted for 40% of its 2020 revenues, and TapTap played a significant role in this growth . TapTap has over 200 million registered users and more than 60,000 games available on its platform .
Bilibili’s Strategy for the Gaming Industry
Bilibili’s investment in X.D. Network is part of its strategy to expand its gaming business. The company aims to leverage X.D. Network’s expertise in game development and TapTap’s distribution capabilities to create more high-quality games for its users . Bilibili has been actively investing in the gaming industry, with previous investments in game developers like MiHoYo, the developer of the popular game Genshin Impact .
The Future of Bilibili and X.D. Network
The investment from Bilibili will allow X.D. Network to expand its game development capabilities and improve its distribution channels through TapTap. X.D. Network plans to use the funds to develop new games and acquire more game developers to strengthen its position in the market . Bilibili also plans to work closely with X.D. Network to create more high-quality games for its users and expand its gaming business .
Bilibili’s investment in X.D. Network is a significant move for the company as it aims to expand its presence in the gaming industry. TapTap’s popularity among Chinese gamers and X.D. Network’s expertise in game development make them valuable assets for Bilibili’s gaming business. With this investment, Bilibili aims to create more high-quality games for its users and strengthen its position in the gaming market.