Sapphirefoxx Free Bilibili: A Leading Online Original Cartoon Platform in China

Youyaoqi, a leading online original cartoon platform in China, has been making waves in the industry since its founding in 2009. The company has gathered top-seller works and intellectual properties such as 'One Hundred Thousand Bad Jokes,' 'Rakshasa Street,' 'BEE,' and 'Duan Nao.' As of 2021, Youyaoqi had accumulated over 32 million users, garnered more than 70,000 original cartoonists, and serialized more than 45,000 original comic works.

In a significant development, Bilibili, a popular video sharing website, has wholly acquired its subsidiary company Youyaoqi through an announcement at the Shenzhen Stock Exchange. The purchase price was 600 million yuan ($94.6 million). This acquisition is expected to further boost Youyaoqi's growth and expansion in the online original cartoon industry.

Youyaoqi Comics, a key business unit of Youyaoqi, operates an original comics website and app, publishes online comics, animations, and manages comic work copyrights. With this acquisition, Bilibili will gain control over Youyaoqi's extensive library of original cartoons and intellectual properties.

The legal representative of the company was changed from Luo Xiaoxing to Zheng Binwei following the acquisition. Additionally, Shanghai Magic Electric Information Technology Co., Ltd., an affiliated company of leading video sharing website Bilibili, withdrew and became a wholly-owning shareholder. Guangdong Alpha Animation and Culture Co., Ltd., Youyaoqi's original shareholder, will no longer hold shares in the company.

Chinese commercial inquiry platform Tianyancha shows that Beijing Siyue Star Network Technology Co., Ltd., an affiliate of Youyaoqi, registered an official change with the country's Industrial and Commercial Administration. This development is expected to have a significant impact on the online original cartoon industry in China and beyond.

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