The anime streaming platform has raised more than $510m from investors including Tencent and Legend Capital.

China-based animation streaming platform Bilibili filed on Friday to raise up to $400m in a US initial public offering that will give internet group Tencent an exit.

Founded in 2009 as an online community focused on anime, comics and gaming, Bilibili runs an online video streaming platform focused on Japanese animation, or anime, as well as mobile gaming and livestreaming activities.

Bilibili had an average of almost 72 million monthly active users as of the end of 2017 and…