9 April, 2019
Skadden advised Bilibili Inc., a leading online entertainment platform for young Chinese, on its offering of US$500 million convertible senior notes due 2026, and a concurrent US$373 million follow-on primary and secondary offering of American Depositary Shares, on Nasdaq. Bilibili will use the proceeds of the offerings to enrich content offerings, invest in research and development, and for other general corporate purposes.
The Skadden team was led by Hong Kong partnersJulie Gao andJonathan Stone and Shanghai partnerHaiping Li, with Shanghai counselYuting Wu, Hong Kong associatesWeiwei Chen, In Ho Kim, James McCurley, and Gabriel Lee, as well as Shanghai associateYiming Liu and international legal consultantsXiaoxi Gong and Wei Luo.
