Nan Fang Du Shi Bao·2025-07-02 11:17Core Insights - Bilibili's former game cooperation department general manager, Zhang Zaimin, has been arrested for serious job-related crimes during his tenure at the company, marking a significant internal corruption issue within the gaming sector of the company [3] - This incident follows a similar announcement from Perfect World, indicating a growing trend of anti-corruption measures within the internet industry [4] Company Summary - Bilibili reported a total revenue of 7.003 billion RMB in Q1 2023, reflecting a year-on-year growth of 24% [3] - The gaming business generated 1.731 billion RMB in revenue, showing a substantial year-on-year increase of 76%, and accounted for approximately 25% of the company's total revenue [3] - The success of the strategy mobile game "Three Kingdoms: Strategize the World," set to be released in 2024, is a key driver behind the rapid growth of Bilibili's gaming business [3] Industry Summary - The recent anti-corruption efforts in the internet industry, as seen with Bilibili and Perfect World, suggest a new phase in addressing corruption within the sector [4] - Analysts note that the rapid growth of internet companies has led to various vulnerabilities, and the timely identification of issues by companies like Bilibili indicates a proactive approach to governance [4] - The establishment of modern corporate governance in the internet sector is still evolving, with companies needing to adapt continuously to address corruption effectively [4]