Sony to invest $400m in Bilibili.

Sony, a global provider of entertainment services, is set to invest $400m in Bilibili, a Chinese video site. Upon closing, Sony will hold a 4.98% stake in Bilibili. “We are excited to partner with Sony, the world’s leader in entertainment and technology. The strategic investment and business cooperation further align our goals to bring best-in-class content offerings and services to our users, as we increase our domestic stronghold in animation and mobile games. We look forward to joining efforts on a broader scale to fulfill the tremendous and growing entertainment needs in China,” Rui Chen, Bilibili Chairman and Chief Executive Officer.