According to the Zhitong Finance App, Bilibili-W (09626) issued an announcement relating to (i) Tencent (through its subsidiaries) subscribed notes with a total principal amount of US$200 million; and (ii) the company's purchase of some of the existing Class Z common shares and American depository shares held by Tencent (through its subsidiaries) for US$200 million. The Tencent note subscription and simultaneous Tencent repurchase were settled simultaneously on November 5, 2026 (after the Hong Kong trading session).

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