BILIBILI-W has entered into a payment service agreement, cloud service agreement, and cooperation agreement with Tencent's contacts
BILIBILI-W has signed a payment service agreement, cloud service agreement, and cooperation agreement with Tencent. According to the payment service agreement, the annual service fee cap for Bilibili from 2025 to 2027 will be RMB 83 million, RMB 108 million, and RMB 140 million, respectively. This cooperation will provide users with convenient payment methods and enhance the user experience
According to the Zhitong Finance APP, Bilibili-W (09626) announced that on November 14, 2024, the company entered into a payment service agreement, cloud service agreement, and cooperation agreement with contacts from Tencent.
Regarding the payment service agreement, the annual cap on service fees generated by the company for the three fiscal years ending December 31, 2025, 2026, and 2027 will be RMB 83 million, RMB 108 million, and RMB 140 million, respectively.
Given that Tencent Computer Group is a leading enterprise in China's digital payment service industry, and many of the company's users utilize Tencent Computer Group's digital payment services, this cooperation will enable the company to provide users with convenient payment methods, allowing them to make payments related to in-game purchases, premium memberships, paid content, live streaming, and purchasing goods and other services on the company's platform, thereby enabling the company's users to make payments efficiently and enhancing their user experience
