Chinese gaming giant NetEase sells comics business to rival Bilibili, retains rights to Marvel series

  • The sale of comics by NetEase contrasts with action of tech giants such as Alibaba and Tencent, which are investing heavily to broaden their content offerings

This photo taken on July 23, 2017 shows a Cosplayer posing for photos during Bilibili Macro Link 2017, an annual convention of animation, comic and game (ACG), in Shanghai. Photo: AFP

China’s second-largest gaming company NetEase has signed a deal to sell its comics business to rival Bilibili, changing track from its previous efforts to build a footprint in the country’s booming online comics market.

Shanghai-based Bilibili, a popular anime-streaming site for Chinese millennials, announced the deal in a Wednesday statement saying that it was acquiring “major assets” from NetEase Comics including its mobile app, website, and copyrights for a large number of stories on these platforms.

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