Bilibili has bought a 4.72 percent stake in XD for HKD960 million (USD123.5 million) and Alibaba 0.76 percent equity for HKD155 million, XD said today. Chinese video sharing and streaming platform Bilibili has invested HKD9.6 billion in domestic game distribution platform TapTap. This has tempted not only individual developers but also the likes of Genshin Impact which skipped traditional android app distribution channels. NETWORK TAPTAP BILIBILILIAOTECHCRUNCH ANDROID Both Bilibili and Alibaba will be seeking to elbow in on the lucrative gaming sector and secure greater access to XD’s self-developed games and its game sharing community TapTap. Under the agreement, Hong Kong and Nasdaq listed Bilibili has purchased a 4.72 stake of Taptap's owner X.D. The investment aims to enrich the video platform's content that caters to the. According to TechCrunch, Bilibili will purchase 22.66 million shares of X.D. Network’s common stock, which will give it a 4.72% stake. 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. It published a few titles for the Chinese market, which accounted for 40% of total revenue in 2020. However, the earnings from games fell drastically (compared to 71% ratio in 2018), so the company is now seeking new ways to drive revenues. Network also publishes games but platform TapTap is its biggest product. 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. “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. 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. #HK960M NETWORK CHINESE TAPTAP BILIBILILIAOTECHCRUNCH ANDROID# Large companies continue to invest in and buy other studios, trying to diversify their businesses and increase their revenues. These new technologies are being implemented across multiple different vertical sectors, fundamentally altering the way we live and work, delivering real-time information and making our cities smarter and our lives easier and more productive.” - Alex Sinclair, GSMA CTO For example, ByteDance acquired Moonton, known for its MOBA Mobile Legends, for $4 billion last month.COMM-connect A/S “Backed by proactive government support, China is now at the forefront in the development and mass deployment of innovative and transformative IoT based solutions based on mobile IoT technology. The report and findings were announced during Mobile World Congress 2019 in Shanghai. The GSMA study highlighted a deployment where Chinese firm Sunsea AIoT, together with China Telecom, installed over 500,000 NB-IoT sensors covering more than 37 km (sic) of the Jing’an District. The project turned the area into a smart community, with the sensors monitoring the environment, gas and smoke and fire hydrant water pressure. Connected manhole covers monitor gases and underground assets. An integrated platform centralizes, monitors and analyzes the sensor data to identify required improvements real-time.Ĭhina Mobile has installed more than 100,000 NB-IoT intelligent fire alarm systems across China, including fire alarms, temperature sensors, smoke and gas detectors. China Unicom has installed more than 25,000 gas and water meters utilizing an NB-IoT solution that combines the IoT network with big data. The NB-IoT electric bike management system jointly developed by Zhengzhou Public Security Bureau, China Mobile, Huawei and Tendency won the GSMA award for “Best Mobile Innovation for Smart Cities in Asia” at Mobile World Congress Shanghai 2019.Ĭhina is the world’s largest producer and seller of electric bikes, which have become an important and convenient means of transportation for consumers in China. However, electric bikes create urban management, security and safety problems, which are getting worse with increasing adoption. In Zhengzhou, 70 percent of reported thefts, 30 percent of traffic accidents and 9 percent of fires were caused by electric bikes in 2017. To address these problems, Zhengzhou Public Security Bureau has been working with China Mobile, Huawei and Tendency for an innovative management system based on an NB-IoT E2E solution.
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