- #BILIBILI HK960M NETWORK CHINESE TAPTAP PROFESSIONAL#
- #BILIBILI HK960M NETWORK CHINESE TAPTAP SERIES#
As many game distribution channels dominated by giants like Tencent and app stores, there is not many choices for Bilibili that want to integrate whole supple chain of games from development, distribution to stream and in-game e-commerce," Wang Xiao, a senior developer at Beijing-based Changyou Games told PingWest. Network is a good and reasonable choice for Bilibili. Network to attract a number of gaming companies to be its backers, including Lilith Games and MiHoyo, as mentioned earlier. When most Chinese game distribution platforms stick to the typical 50-50 revenue sharing standard, Taptap's zero-commission fee policy has helped X.D. In September 2020, a similar conflict erupted between the game-maker MiHoyo, developer of the popular mobile game "Genshin Impact," and Huawei. Huawei insisted on the original agreement for a revenue cut - a 50-50 arrangement for Tencent game sale on the Huawei app store, which Tencent can not agree on.įollowing the removal, Huawei users could not search Tencent games from the Huawei AppGallery, including some of its most popular titles such as Honour of King, Peacekeeper Elite, and Call of Duty Online. In January, Huawei has temporarily removed all Tencent games from its own app store after the two companies disagreed on revenue sharing. It is not rare to see disputes between game developers and platform owners over revenue sharing. Unlike traditional distributors such as application stores, Taptap doesn't charge a commission when the payment is made under the in-app purchase. Network's popular titles include Ragnarok Online Mobile: Eternal Love, Girls' Frontline, Sausage Man, and Muse Dash. Network is a Hong Kong-listed online game developer/distributor, running 38 titles under its online community and distribution platform TapTap. network break out of its niche by reaching a broader audience on its platform.įounded in 2002, X.D.
Network's game fans to its video streaming rooms, while Bilibili can help X.D.
Network presents a win-win situation Bilibili can promote its games through TapTap's distribution channels and attract X.D. However, the gaming sector showed flat growth over the past year, declining from 71% and 53% in 20.Īccording to Bilibili's financial report, its game sector generated total revenue of CNY1.13 billion in the fourth quarter of 2020, down 11.7% month-over-month.Īs one of the cash cows of Bilibili, slowing revenue growth of the gaming sector is not a good sign, especially for a loss-making company like Bilibili, which has been in the red for 13 consecutive quarters. Their ambition is to become a comprehensive and vibrant community for all kinds of users and video creators.ĭespite its more diversified business, Bilibili's games are still its largest revenue-generating sector, which accounted for 40% of the total revenue in 2020. Initially positioned as a playground for China's ACG (anime, comics, and games) community, Bilibili has been expanding its offerings to a wide range of categories, like fashion, lifestyle, beauty, music, and technology. The investment aims to enrich the video platform's content that caters to the diverse tastes of animation fans, gamers, and merchants. Under the agreement, Hong Kong and Nasdaq listed Bilibili has purchased a 4.72% stake of Taptap's owner X.D.
TapTap challenges the common unfair taxation of the Chinese game distributors, and will help Bilibili reach more gamer audience.Ĭhinese video sharing and streaming platform Bilibili has invested HKD9.6 billion in domestic game distribution platform TapTap.
The ratio had declined from 71% and 53% in 20, a sign that it’s trying to diversify revenue streams beyond distributing games.Bilibili's Investment in TapTap Is A Win-Win, And Here Is Why - PingWest English 中文īilibili's Investment in TapTap Is A Win-Win, And Here Is Why
#BILIBILI HK960M NETWORK CHINESE TAPTAP PROFESSIONAL#
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.
#BILIBILI HK960M NETWORK CHINESE TAPTAP SERIES#
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. It has agreed to invest HK$960 million (about $123 million) into X.D. 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.
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