NEW YORK--(BUSINESS WIRE)--Deutsche Bank announced today its appointment as depositary bank for NASDAQ-listed Level III American Depositary Receipt Program of Bilibili Inc.
Bilibili Inc. (NASDAQ: BILI) is a China-based online entertainment platform aimed at providing young generations in China with a wide array of content, including videos, live broadcasting and mobile games. The Company’s website was first launched in June 2009. In the fourth quarter of 2017, the Company had 71.8 million average monthly active users, an increase of 45.3 percent from 49.4 million in the same period of 2016. The number of average monthly active users further grew to 76.4 million in the first two months of 2018. The Company’s principal executive offices are located in Shanghai.*
“We are pleased to have been appointed as depositary bank for Bilibili’s NASDAQ-listed Level III ADR program,” said Brian Studdert, Global Head of Depositary Receipts at Deutsche Bank. “With this new appointment, we continue to demonstrate our commitment to the Asia- Pacific region and to reinforce our position as a leading provider in the depositary receipts industry.”
In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
* Source: Bilibili Inc. (April 2018)
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