Sony Invests in Streaming Giant Bilibili, Opens Door For Further Chinese Expansion

Chinese streaming service and esports mainstay Bilibili received a $400 million dollar investment of equity from Sony Corporation of America on Thursday, with the PlayStation parent company now owning 4.98% of the company. Reports value Bilibili at around $8 billion dollars, with SonyCorp picking up around 17 million shares and furthering its own expansion into China. Bilibili is a…