Video site Bilibili planning US offering

Chinese popular video-sharing site Bilibili, which boasts the largest group of young Chinese fans for anime, comics and gaming, is reportedly planning an initial public offering in the United States that could raise at least $200 million.

Bloomberg reported on Tuesday, citing unnamed sources, that the company intends to list in New York as soon as next year. Bilibili declined to comment on the matter on Tuesday.

Unlike traditional video sites, such as Youku and iQiyi, the new type of business powered by video streaming sites Bilibili and AcFun attracts more young fans, especially millennials.