Line of Business

Specific Items

Revenue Source

Video-sharing

Premium Membership Program

fee of Premium Membership Program

E-commerce

Premium members can buy figures and peripheral products on Bilibili platform.

Bilibili’s e-commerce initiatives are focused around the IP value of ACG-related contents. They offer ACG-related merchandise and generate revenue from sales of these products. They also generate revenue from offline activities, including selling events tickets and peripheral products.

Taobao Store of Bilibili

Live-broadcasting

virtual items for sale on live-broadcasting

Users can purchase in-app virtual items and send them as virtual gifts to their favorite hosts to show appreciation and provide them with monetary rewards. The commission sharing ratio between Bilibili’s live-broadcasting platform and the host is 1:1 (before tax).

Mobile Games

Online sale of in-game items (“virtual currency”)

Value-added Services

Premium Membership Program

Bilibili derived 42%, 44% and 43% of their value-added service revenues from premium membership in 2018, 2019 and 2020, respectively. And derived 55%, 36% and 34% of their value-added services revenues from live broadcasting in 2018, 2019 and 2020, respectively. Rest of the value-added service revenues are from comics and other paid contents.

Live-broadcasting: in-app virtual items, “Big Voyage” membership, etc.

Bilibili Comics

Mao’er FM

Advertising

brand advertising, performance-based advertising and native advertising

Bilibili can generate revenue through advertising for those seeking innovative platforms with abundant user traffic to enhance their visibility.