Sony invests $400 million in Chinese video site Bilibili

HONG KONG (Reuters) - Chinese video site Bilibili will receive $400 million equity investment from Sony Corp America, Bilibili said Thursday, as the two companies seek to further collaborate in entertainment to attract China's Gen Z.SCA, wholly owned subsidiary of Sony Corp, will subscribe for 17,310,696 newly issued Class Z ordinary shares of Bilibili at $23.1071 per share, Bilibili said.Upon closing, SCA will beneficially own approximately 4.98% of Bilibili's total issued shares, with a..