The ratio had declined from 71% and 53% in 20, a sign that it’s trying to diversify revenue streams beyond distributing games. In 2003, Harvard undergrad and computer genius Mark Zuckerberg (Jesse Eisenberg) begins work on a new concept that eventually turns into the global social network known as Facebook. Though known for its trove of video content produced by amateur and professional creators, Bilibili derives a big chunk of its income from mobile games, which accounted for 40% of its revenues in 2020. Watch Demon Slayer: Kimetsu no Yaiba, Attack on Titan Series, JOJOs Bizarre Adventure Series, etc. The partners will initiate a series of “deep collaborations” around X.D.’s own games and TapTap, without offering more detail. Network, which runs the popular game distribution platform TapTap in China, the company announced on Thursday.ĭual-listed in Hong Kong and New York, Bilibili will purchase 22,660,000 shares of X.D.’s common stock at HK$42.38 apiece, which will grant it a 4.72% stake. Rita Liao / TechCrunch: Bilibili invests HK960M in X.D. It has agreed to invest HK$960 million (about $123 million) into X.D. For example, ByteDance acquired Moonton, known for its MOBA Mobile Legends, for $4 billion last month.Competition in China’s gaming industry is getting stiffer in recent times as tech giants sniff out potential buyouts and investments to beef up their gaming alliance, whether it pertains to content or distribution.īilibili, the go-to video streaming platform for young Chinese, is the latest to make a major gaming deal. Large companies continue to invest in and buy other studios, trying to diversify their businesses and increase their revenues. He also said that TapTap’s success helped games like Genshin Impact skip traditional Android distribution channels dominated by Tencent.īilibili’s latest move is another example of tough competition in the Chinese video games market. The app is available for Android and iOS and ACE Studio is in. The AI voices actually sound very good, and overall the app is worth trying. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. Fashion Social Network - Stop Motion Paper 606 Views. English Ting Vit Bahasa Indonesia Get App Upload Log in Home > Fashion Social Network - Stop Motion Paper > Info. “TapTap is disrupting how games are distributed in China with its community-focused platform and 0% take rate fee on IAP,” Niko Partners senior analyst Daniel Ahmad commented. Welcome to the ACE Virtual Singer (ACE) Discussion Thread ACE Virtual Singer (ACE) is a mobile vocal synthesizer from China. Watch Demon Slayer: Kimetsu no Yaiba, Attack on Titan Series, JOJOs Bizarre Adventure Series, etc. It helps developers release games outside of traditional distribution models and get rid of the high fees charged by other companies, like Xiaomi and Huawei. Network also publishes games but platform TapTap is its biggest product. However, the earnings from games fell drastically (compared to 71% ratio in 2018), so the company is now seeking new ways to drive revenues. It published a few titles for the Chinese market, which accounted for 40% of total revenue in 2020. The deal will help the Chinese giant to strengthen its position in the game market.Īlthough its video streaming platform remains its main business, Bilibili isn’t new to the video games industry. network break out of its niche by reaching a broader audience on its platform. Network's game fans to its video streaming rooms, while Bilibili can help X.D. Network’s common stock, which will give it a 4.72% stake. Network presents a win-win situation Bilibili can promote its games through TapTap's distribution channels and attract X.D. According to TechCrunch, Bilibili will purchase 22.66 million shares of X.D. Network, which runs Chinese game distribution platform TapTap mobile games accounted for 40 of Bilibilis 2020 revenues.
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