First Quarter Paid Membership Up 134%, Bilibili Delivered Another Milestone Growth
Today, the fast growing Chinese video sharing website Bilibili released its Q1 performance report, and showed to investors another milestone of growth after it went public two years ago. According to the report, Bilibili generated a whopping 2.32 billion yuan revenue in the first quarter, up 69% compared with the same period from last year. Notably, its paid membership has also increased to 13.4 million in total, which marks a 134% increase compared with last year. In terms of how Bilibili makes money, this report also demonstrated the company’s ability to diversify its revenue streams. Read more on Entertainment Capital
How ByteDance Is Recruiting An Army of Star Executives Around the World For Its Globalization Move?
With the newly addition of Disney+ former executive Kevin Mayer, ByteDance now has assembled a star-studded management team around the world that consists of many industry veterans including former executives who used to work at Disney, Google, Facebook, Microsoft, Hulu and Sony. These experienced business leaders will surely facilitate ByteDance’s smooth transition from a Chinese Internet giant to an International behemoth. Read more Entertainment Capital