@@ -1,1 +1,1 @@ - +<br>By Josh Ye<br> <br>HONG KONG, June 21 (Reuters) - Chinese video platform Bilibili has launched a paywall for some of its videos as the company, bruised by Beijing´s sweeping crackdown on the tech industry, looks to diversify its revenue sources.<br> <br>The Shanghai-based company, sometimes referred to as China's answer to YouTube, has started to feature premium videos on its platform.<br><br>For example, users [https://discover.hubpages.com/search?query=seeking seeking] to watch a series of videos named "The World´s Top 10 Unsolved Mysteries" now need to pay about 30 yuan ($4. Here is more info regarding [https://www.Picnicgardenflushing.com/ picnicgardenflushing.com/] have a look at our web page. 48) to do so.<br> <br>The move reflects a sense of urgency felt by Bilibili, known for featuring free-to-watch videos, to diversify its revenue sources as its existing growth engines - including live streaming and video games - have been heavily hit by Chinese regulators´ harsh crackdown last year to rein in the influence of large internet firms.<br> <br>The company´s total market [https://www.trainingzone.co.uk/search?search_api_views_fulltext=capitalisation capitalisation] has shrunk from its peak of about $54 billion last February to just over $10 billion this month.<br> <br>Bilibili did not immediately respond to a request for comment on Tuesday.<br> <br>So far, The World´s Top 10 Unsolved Mystery series has been viewed more than 10,000 times.<br><br>An earlier video titled "Three basic skills one must master before becoming a programer", published on June 9 has also been put behind a paywall.<br> <br>The company reported its first-quarter result earlier this month where it recorded a deeper net loss of $360.3 million. While its revenue grew 30% year-on-year to $797.3 million, it slid by 13% compared with the fourth quarter last year.<br> <br>The company´s video gaming business has taken a hit as Chinese regulators have restricted the number of licences available to the market.<br><br>The company said that it expects to publish only one game in China and one game outside of China this quarter.<br> <br>The company's live streaming business has also been impacted by new rules Beijing has begun to restrict children and teenagers from tipping live streaming hosts.<br><br>($1 = 6.6958 Chinese yuan renminbi) (Reporting by Josh Ye; Editing by Louise Heavens)<br><br>adverts.addToArray({"pos":"inread_player"})Advertisement