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Alibaba sells ADRs in Bilibili for $357.8M, Bloomberg reports

Alibaba (BABA) has raised $357.8 million by selling securities in Chinese streaming platform Bilibili (BILI), Bloomberg’s Amy Or and Henry Ren report, citing people familiar with the matter. Alibaba priced the sale of 30.85 million American depositary receipts at $11.60 each, the people said.

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