Business Context and Reporting Period
This Form 6-K filing by Bilibili Inc. is dated April 27, 2023. It serves as a supplemental submission pursuant to Item 16I(a) of Form 20-F in response to the Holding Foreign Companies Accountable Act (HFCAA). The filing addresses the Company's status as a Commission-Identified Issuer and provides evidence that it is not owned or controlled by a governmental entity in mainland China.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance, ownership structure, and regulatory compliance rather than financial performance.
Material Changes and Ownership Structure
The filing details the ownership structure as of February 28, 2023, to demonstrate the absence of Chinese governmental control. Major shareholders holding more than 5% of outstanding shares include:
- Vanship Limited: Held 12.2% of total outstanding shares and 42.4% of aggregate voting power. Identified as a private company in the British Virgin Islands.
- Tencent Entities (OPH B Limited and Tencent Mobility Limited): Held 10.7% of total outstanding shares and 3.8% of aggregate voting power. Identified as investing entities controlled by Tencent Holdings Limited.
- Kami Sama Limited: Held 6.7% of total outstanding shares and 23.4% of aggregate voting power. Identified as a private company in the British Virgin Islands.
- Taobao China Holding Limited: Held 7.5% of total outstanding shares and 2.7% of aggregate voting power. Identified as a subsidiary of Alibaba Group Holding Limited.
These entities collectively hold a substantial majority of the Company's total voting power.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on business outlook, or specific operational risks. The primary regulatory context involves the PCAOB's ability to inspect accounting firms in mainland China, noting that the PCAOB vacated its previous determination regarding inspection limitations in December 2022.
Key Facts for Investor Verification
- Verify the Company's continued compliance with HFCAA requirements regarding audit inspections.
- Confirm the current ownership percentages of Vanship Limited, Tencent Entities, Kami Sama Limited, and Taobao China Holding Limited against the most recent Form 20-F.
- Review the Company's annual report on Form 20-F for the year ended December 31, 2022, for detailed financial metrics and share ownership tables referenced in this filing.