In brief: Bilibili unveils $621m offering a year after IPO

• Chinese video platform Bilibili today launched a convertible bond sale and a follow-on share offering that could net the company around US$621 million combined.
• Bilibili announced the fundraising but did not disclose detailed terms. It raised US$483 million in its Nasdaq initial public offering in March 2018.
• This comes after other Chinese companies that listed in the US last year – electric-car maker Nio, video-streamer iQiyi, and ecommerce firm Pinduoduo – returned to the capital markets to get additional funding.

Source: Reuters