Chinese video streaming site Bilibili announced Thursday that it had fully acquired comics producer U17 from China-based animation studio Alpha Group for RMB 600 million ($94 million). U17, which creates original comics and animation series, claims 32 million users and the rights to numerous popular series such as One Hundred Thousand Bad Jokes. Bilibili also launched 51 new animation titles on Friday as part of a move to promote Chinese animation at home and abroad. [Jiemian, in Chinese]
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