- Bilibili (BILI) board of directors has authorized a new share repurchase program, under which the company may repurchase up to US$300M of its shares (including its Class Z ordinary shares and/or ADSs) for the next 24 months, effective as of the date hereof.
- The company plans to fund the repurchases from its existing cash balance.
- BILI ADRs rose +2% premarket on Wednesday.
