Tencent Holdings (BILI) discloses 40M-share beneficial stake in Bilibili

Rhea-AI Filing Summary

Tencent Mobility Limited and Tencent Holdings Limited report their beneficial ownership of Bilibili Inc. Class Z Ordinary Shares. Tencent Mobility has 29,011,651 shares with sole voting and dispositive power. Tencent Holdings is deemed to beneficially own 40,014,008 shares, or 11.8% of the Class Z Ordinary Shares.

The percentage calculation is based on 338,805,755 Class Z Ordinary Shares outstanding as of June 30, 2026, excluding 6,528,345 shares reserved under share incentive plans. Holdings include shares and American Depositary Shares held through several Tencent subsidiaries.

Key Figures

Tencent Holdings beneficial ownership: 40,014,008 Class Z Ordinary Shares Tencent Holdings ownership percentage: 11.8% Tencent Mobility holdings: 29,011,651 Class Z Ordinary Shares +4 more

7 metrics

Tencent Holdings beneficial ownership 40,014,008 Class Z Ordinary Shares Bilibili Class Z Ordinary Shares beneficially owned by Tencent Holdings Limited

Tencent Holdings ownership percentage 11.8% Percentage of Bilibili Class Z Ordinary Shares beneficially owned

Tencent Mobility holdings 29,011,651 Class Z Ordinary Shares Shares held with sole voting and dispositive power by Tencent Mobility Limited

Huang River Investment holdings 10,954,357 Class Z Ordinary Shares Shares represented by ADSs held by Huang River Investment Limited

China Literature holdings 48,000 Class Z Ordinary Shares Shares held by China Literature Limited, a majority-owned subsidiary

Shares outstanding 338,805,755 Class Z Ordinary Shares Bilibili Class Z Ordinary Shares outstanding as of June 30, 2026

Reserved incentive-plan shares 6,528,345 Class Z Ordinary Shares Shares issued and reserved for future issuance under share incentive plans

Key Terms

beneficially owns, American Depositary Shares, sole voting power, sole dispositive power, +1 more

5 terms

beneficially owns financial

"Tencent Holdings Limited may be deemed to beneficially own 40,014,008 Class Z Ordinary Shares"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

American Depositary Shares financial

"Class Z Ordinary Shares represented by American Depositary Shares, each ADS representing one Class Z Ordinary Share"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

sole voting power financial

"Sole Voting Power 29,011,651.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 40,014,008.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class: See row 11 of the cover page of each reporting person"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

How many Bilibili (BILI) shares does Tencent Holdings beneficially own?

Tencent Holdings Limited is deemed to beneficially own 40,014,008 Bilibili Class Z Ordinary Shares. This total includes shares held by Tencent Mobility, Huang River Investment, and China Literature, all subsidiaries or majority-owned units of Tencent Holdings.

What percentage of Bilibili (BILI) does Tencent Holdings own according to this Schedule 13G/A?

Tencent Holdings reports beneficial ownership of 11.8% of Bilibili’s Class Z Ordinary Shares. This percentage is based on 338,805,755 Class Z Ordinary Shares outstanding as of June 30, 2026, excluding reserved incentive-plan shares.

How many Bilibili (BILI) shares are held by Tencent Mobility Limited?

Tencent Mobility Limited holds 29,011,651 Bilibili Class Z Ordinary Shares with sole voting and dispositive power. These holdings include 719,810 shares represented by American Depositary Shares, each ADS corresponding to one Class Z Ordinary Share.

What is the total Bilibili (BILI) share count used to calculate Tencent’s ownership?

The ownership percentages use a base of 338,805,755 Bilibili Class Z Ordinary Shares outstanding. This figure excludes 6,528,345 Class Z Ordinary Shares reserved for future issuance under Bilibili’s share incentive plans as of June 30, 2026.

Which Tencent subsidiaries hold Bilibili (BILI) shares and in what amounts?

Tencent-related holdings include 29,011,651 shares at Tencent Mobility, 10,954,357 shares at Huang River Investment, and 48,000 shares at China Literature. Collectively, Tencent Holdings may be deemed to beneficially own these Bilibili Class Z Ordinary Shares.

Does Tencent have sole or shared voting power over its Bilibili (BILI) shares?

Tencent Mobility and Tencent Holdings each report sole voting power and sole dispositive power over their respective Bilibili share positions. They report no shared voting or shared dispositive power over these Class Z Ordinary Shares.

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Available on EDGAR 08/14/2026 - 06:38 AM Accepted by SEC EDGAR 08/14/2026 - 06:37 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Bilibili Inc.

(Name of Issuer)

Class Z Ordinary Shares, par value US$0.0001 per share

(Title of Class of Securities)

G10970112 (CUSIP Number) 090040106 (CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G10970112, 090040106

1

Names of Reporting Persons

Tencent Mobility Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 29,011,651.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 29,011,651.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

29,011,651.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G10970112, 090040106

1

Names of Reporting Persons

Tencent Holdings Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 40,014,008.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 40,014,008.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

40,014,008.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.8 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Tencent Holdings Limited beneficially owns (i) 10,954,357 Class Z Ordinary Shares held by Huang River Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited; (ii) 29,011,651 Class Z Ordinary Shares held by Tencent Mobility Limited, a wholly-owned subsidiary of Tencent Holdings Limited; and (iii) 48,000 Class Z Ordinary Shares held by China Literature Limited, a majority-owned subsidiary of Tencent Holdings Limited.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bilibili Inc.
(b)	Address of issuer's principal executive offices: Building 3, Guozheng Center No. 485 Zhengli Road, Yangpu District Shanghai, 200433, the People's Republic of China
Item 2.
(a)	Name of person filing: Tencent Mobility Limited Tencent Holdings Limited
(b)	Address or principal business office or, if none, residence: For both Tencent Mobility Limited and Tencent Holdings Limited: 29/F., Three Pacific Place No. 1 Queen's Road East Wanchai, Hong Kong
(c)	Citizenship: Tencent Mobility Limited - Hong Kong Tencent Holdings Limited -The Cayman Islands
(d)	Title of class of securities: Class Z Ordinary Shares, par value US$0.0001 per share
(e)	CUSIP No.: G10970112, 090040106
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference.
(b)	Percent of class: See row 11 of the cover page of each reporting person. The foregoing calculation is based on 338,805,755 Class Z Ordinary Shares of the Issuer issued and outstanding (excluding 6,528,345 Class Z ordinary shares issued and reserved for future issuance upon the exercise or vesting of awards granted under the Issuer's share incentive plans) as of June 30, 2026, as reported on the Issuer's current report on Form 6-K filed on July 8, 2026. Tencent Holdings Limited may be deemed to beneficially own 40,014,008 Class Z Ordinary Shares, consisting of (i) 29,011,651 Class Z Ordinary Shares held by Tencent Mobility Limited, a wholly-owned subsidiary of Tencent Holdings Limited (consisting of 28,291,841 Class Z Ordinary Shares held directly and 719,810 Class Z Ordinary Shares represented by American Depositary Shares, each ADS representing one Class Z Ordinary Share); (ii) 10,954,357 Class Z Ordinary Shares (represented by American Depositary Shares, each ADS representing one Class Z Ordinary Share) held by Huang River Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited; and (iii) 48,000 Class Z Ordinary Shares held by China Literature Limited, a majority-owned subsidiary of Tencent Holdings.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of:
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Tencent Mobility Ltd

Signature:	/s/ Wang Sze Man
Name/Title:	Name: Wang Sze Man Title: Director
Date:	08/14/2026

Tencent Holdings Ltd

Signature:	/s/ Ma Huateng
Name/Title:	Name: Ma Huateng Title: Director
Date:	08/14/2026