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Operations and Reorganization (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Company's major subsidiaries and VIEs and subsidiaries of the VIEs


Major Subsidiaries	Place and Year of Incorporation	Percentage of Direct or Indirect Economic Ownership	Principal Activities
Bilibili HK Limited	Hong Kong Y2014	100	Investment holding
Hode HK Limited	Hong Kong Y2014	100	Investment holding
Bilibili Co., Ltd.	Japan Y2014	100	Business development
Hode Shanghai Limited (“Hode Shanghai”)	PRC Y2014	100	Technology development
Shanghai Bilibili Technology Co., Ltd.	PRC Y2016	100	Technology development


Major VIEs and VIEs’ subsidiaries	Place and Year of Incorporation Acquisition	Percentage of Direct or Indirect Economic Ownership	Principal Activities
Shanghai Hode Information Technology Co., Ltd. (“Hode Information Technology”)	PRC Y2013	100	Mobile game operation
Shanghai Kuanyu Digital Technology Co., Ltd. (“Shanghai Kuanyu”)	PRC Y2014	100	Video distribution and game distribution
Sharejoy Network Technology Co., Ltd. (“Sharejoy Network”)	PRC Y2014	100	Game distribution
Shanghai Hehehe Culture Communication Co., Ltd. (“Shanghai Hehehe”)	PRC Y2014	100	Comics distribution
Shanghai Anime Tamashi Cultural Media Co., Ltd. (“Shanghai Anime Tamashi”)	PRC Y2015	100	E-commerce

Schedule of combined financial information of the Group's VIEs included in the accompanying consolidated financial statements of the Group


	December 31, 2018		December 31, 2019		December 31, 2020
	RMB in thousands
Current assets:
Cash and cash equivalents		152,295		201,310		349,190
Time deposits		10,265		7,674		22,161
Accounts receivable, net		130,823		223,438		343,099
Amount due from the Company and its subsidiaries		165,559		127,944		173,596
Amount due from related parties		—		170,535		59,117
Prepayments and other current assets		841,018		999,780		1,383,648
Short-term investments		252,943		672,787		1,175,309
Non-current assets:
Long-term investments, net		843,149		794,549		1,223,943
Other non-current assets		943,373		1,483,983		2,183,411

Total assets		3,339,425		4,682,000		6,913,474

Current liabilities:
Accounts payable		1,078,070		1,454,924		2,332,372
Salary and welfare payable		94,699		128,343		288,686
Taxes payable		27,152		33,611		106,492
Short-term loans		—		—		100,000
Deferred revenue		937,086		1,234,508		1,769,992
Amount due to the Company and its subsidiaries		1,594,527		2,650,499		3,752,973
Accrued liabilities and other payables		318,568		222,078		449,370
Amount due to related parties		23,054		—		—
Non-current liabilities:
Other long-term liabilities		—		23,108		19,640

Total liabilities		4,073,156		5,747,071		8,819,525


	For the Year Ended December 31,
	2018			2019			2020
	RMB in thousands
Net revenues:
Revenue from third parties		3,691,219			6,056,332			9,651,207
Revenue from the Company and its subsidiaries		443,405			531,830			667,765

Net revenues		4,134,624			6,588,162			10,318,972


Net loss		(587,932	)		(448,114	)		(853,970	)


	For the Year Ended December 31,
	2018			2019			2020
	RMB in thousands
Net cash provided by operating activities		636,972			271,299			1,476,494
Net cash used in investing activities		(674,483	)		(1,518,931	)		(2,421,163	)
Net cash provided by financing activities		130,592			1,300,740			1,090,287

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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