BILIBILI INVESTS HK$960M IN X.D. NETWORK, WHICH RUNS CHINESE GAME DISTRIBUTION PLATFORM TAPTAP; MOBILE GAMES ACCOUNTED FOR 40% OF BILIBILI’S 2020 REVENUES (RITA LIAO/TECHCRUNCH)

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Bilibili invests HK$960M in X.D. Network, which runs Chinese game distribution platform TapTap; mobile games accounted for 40% of Bilibili’s 2020 revenues  —  Competition in China’s gaming industry is getting stiffer in recent times as tech giants sniff out potential buyouts and investments …

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