Chen Yiyang asked his assistant to look into the details of the app that had sent him information about bargain opportunities.
Then, he began assembling a team to contact the large shareholders behind Bilibili and seriously pushed forward the acquisition of Bilibili.
The news that Chen Yiyang intended to buy Bilibili was not deliberately concealed, so the information quickly spread in the market.
This set off a small wave of stock price increase for Bilibili.
Once Bilibili's current management learned of the matter, they actively reached out to Chen Yiyang, even traveling directly from Shanghai to Lin'an for face-to-face negotiations with him.
For Bilibili's management, being able to sell Bilibili at the present moment would be a blessing.
Because the current issue for Bilibili was not only that it wasn't profitable, but was losing tens of billions each year.
It's quite rare for an app with over three billion monthly active users to incur such losses annually.
