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SMG is the abbreviation of Shanghai Media Group, which is a state-owned enterprise, mainly engaged in Shanghai TV station and related network business. SMG, as an important shareholder of bilibili, to some extent helped bilibili to achieve compliance and avoid becoming a second AcFun. In 2011, the first business entity of bilibili was registered in Hangzhou. Bilibili has changed from a founder-driven “interest community” to an enterprise. It received its initial venture capital investment in 2013 as IDG. After that, SMG, Tencent, and Alibaba invested in it respectively. This allows it to have both overseas investment, state-owned capital investment, and investment from China’s two largest Internet companies. This year, AcFun began to enter a turbulent period because of management problems, revenue pressure, and tort litigation. Over the next 7 years, the ease of use of AcFun became worse and worse. Their executives were charged and jailed for spreading pirated animations. They changed several leaders and brought in a lot of investment, but no one succeeded in saving the site. China’s largest community of animation fans has become almost unavailable.įor those animation enthusiasts who have lost their “homeland”, there is only one place of redemption: bilibili.Ī large number of users fled from AcFun to bilibili. Because of its symmetry in the text, AcFun is called A Site, and bilibili is called B Site. This title has been retained to this day. In January 2010, Mikufans changed its name to bilibili, which comes from the title given to the heroine Misaka Mikoto by Kamijou Touma, the hero of the Japanese light novel and animated work A Certain Magical Index. This is a Japanese onomatopoeia word used to describe static electricity noise. On June 26, 2009, a website called MikuFans was launched, as its name implies, a fan community focused on sharing videos related to Japanese virtual idol Miku. Its founder, ⑨bishi, is one of the star users of ACFun, another ACG Fandom video site in China.įor a long time when Mikufans was launched, there were few users because it was just a simple copycat of AcFun and AcFun was just the copycat of the Japanese video site Niconico.ĪcFun is a Chinese video website founded in 2007, which is limited to sharing videos related to Japanese animation. During that time, it was the main channel for Chinese people to watch pirated Japanese animation online. A brief history of bilibiliīilibili launched in 2009, and unlike Youtube, its initial goal was not to become a video site for everyone to use.īecause at that time, three other Chinese video sites, Youku, Tencent Video, and Tudou, had been online for a long time. All three sites are commercially run and backed by venture capital, and no one wants to challenge them. This view used to be correct, but after the company went public in 2018, it quickly abandoned its original ACG cultural community positioning and evolved into a video site for Chinese young people, which made it look very similar to Youtube. If you have ever known the major social networking sites in China, you may want to refute me: bilibili is just a gathering place for Chinese animation enthusiasts, not Youtube.
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Yes, many video websites in China had claimed that they will become the Chinese version of Youtube. For example, Youku, the earliest video website in China, and Tencent Video, a video site from the Chinese social giant.īut in the long competition, they all changed their positioning. The three largest video websites in China, Youku,iQiyi, and Tencent Video, now look like China’s Netflix in terms of product positioning. Although they still retain the ability for users to upload videos, most users visit the three sites to watch online TV dramas.Īnother site, bilibili, which won 200 million monthly active users in 2020, is becoming the most Youtube-like Chinese site. In the United States, Youtube and Tiktok have become the main forms of entertainment to fill people’s blank time. As you all know, Tiktok itself comes from China, so it has a Chinese version of Douyin. The Chinese also waste a lot of time on Douyin.īut for most foreigners, they may wonder if China has its own Youtube. If you ask Google, it still gives an outdated wrong answer: Due to the influence of COVID-19, video websites around the world have gained more revenue.