Bilibili Shares Rise Over 5% as Company Plans $300 Million Stock Buyback

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On June 24, Bilibili (BILI.US) saw its shares rise 5.6% to HKD 16.86 in early trading. The company announced a new $300 million stock buyback plan, under which it may repurchase up to $300 million worth of its shares within the next 24 months starting from today.
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