<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>SCHEDULE 13G</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0000886982</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <coverPageHeader>
            <securitiesClassTitle>American depositary shares, each representing one Class Z ordinary share</securitiesClassTitle>
            <eventDateRequiresFilingThisStatement>05/23/2025</eventDateRequiresFilingThisStatement>
            <issuerInfo>
                <issuerCik>0001723690</issuerCik>
                <issuerName>BILIBILI, INC.</issuerName>
                <issuerCusip>9HH4BLRG6</issuerCusip>
                <issuerPrincipalExecutiveOfficeAddress>
                    <com:street1>17TH FLOOR, BUILDING 3, GUOZHENG CENTER</com:street1>
                    <com:street2>NO. 485 ZHENGLI ROAD, YANGPU DISTRICT</com:street2>
                    <com:city>SHANGHAI</com:city>
                    <com:stateOrCountry>F4</com:stateOrCountry>
                    <com:zipCode>200433</com:zipCode>
                </issuerPrincipalExecutiveOfficeAddress>
            </issuerInfo>
            <designateRulesPursuantThisScheduleFiled>
                <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
            </designateRulesPursuantThisScheduleFiled>
        </coverPageHeader>
        <coverPageHeaderReportingPersonDetails>

            <reportingPersonName>THE GOLDMAN SACHS GROUP, INC.</reportingPersonName>
            <citizenshipOrOrganization>DE</citizenshipOrOrganization>
            <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                <sharedVotingPower>7881508.56</sharedVotingPower>
                <soleDispositivePower>0.00</soleDispositivePower>
                <sharedDispositivePower>7881541.56</sharedDispositivePower>
            </reportingPersonBeneficiallyOwnedNumberOfShares>
            <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>17493181.56</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
            <classPercent>5.1</classPercent>
            <typeOfReportingPerson>HC</typeOfReportingPerson>
            <typeOfReportingPerson>CO</typeOfReportingPerson>
         </coverPageHeaderReportingPersonDetails>
        <coverPageHeaderReportingPersonDetails>
            <reportingPersonName>GOLDMAN SACHS &amp; CO. LLC</reportingPersonName>
            <citizenshipOrOrganization>NY</citizenshipOrOrganization>
            <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                <sharedVotingPower>7881508.56</sharedVotingPower>
                <soleDispositivePower>0.00</soleDispositivePower>
                <sharedDispositivePower>7881541.56</sharedDispositivePower>
            </reportingPersonBeneficiallyOwnedNumberOfShares>
            <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>17493181.56</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
            <classPercent>5.1</classPercent>
            <typeOfReportingPerson>BD</typeOfReportingPerson>
            <typeOfReportingPerson>OO</typeOfReportingPerson>
            <typeOfReportingPerson>IA</typeOfReportingPerson>
         </coverPageHeaderReportingPersonDetails>
        <items>
            <item1>
                <issuerName>BILIBILI, INC.</issuerName>
                <issuerPrincipalExecutiveOfficeAddress>17TH FLOOR, BUILDING 3, GUOZHENG CENTER, NO. 485 ZHENGLI ROAD, YANGPU DISTRICT,SHANGHAI, F4, 200433</issuerPrincipalExecutiveOfficeAddress>
            </item1>
            <item2>
                <filingPersonName>THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS &amp; CO. LLC</filingPersonName>
                <principalBusinessOfficeOrResidenceAddress>The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs &amp; Co. LLC 200 West Street New York, NY 10282</principalBusinessOfficeOrResidenceAddress>
                <citizenship>THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS &amp; CO. LLC - New York</citizenship>
            </item2>
            <item3>
                <notApplicableFlag>Y</notApplicableFlag>
            </item3>
            <item4>
                <amountBeneficiallyOwned>See the response(s) to Item 9 on the attached cover page(s).</amountBeneficiallyOwned>
                <classPercent>See the response(s)to Item 11 on the attached cover page(s).</classPercent>
                <numberOfSharesPersonHas>
                    <solePowerOrDirectToVote>See the response(s) to Item 5 on the attached cover page(s).</solePowerOrDirectToVote>
                    <sharedPowerOrDirectToVote>See the response(s) to Item 6 on the attached cover page(s).</sharedPowerOrDirectToVote>
                    <solePowerOrDirectToDispose>See the response(s) to Item 7 on the attached cover page(s).</solePowerOrDirectToDispose>
                    <sharedPowerOrDirectToDispose>See the response(s) to Item 8 on the attached cover page(s).</sharedPowerOrDirectToDispose>
                </numberOfSharesPersonHas>
            </item4>
            <item5>
                <notApplicableFlag>Y</notApplicableFlag>
            </item5>
            <item6>
                <notApplicableFlag>Y</notApplicableFlag>
            </item6>
            <item7>
                <notApplicableFlag>N</notApplicableFlag>
                <subsidiaryIdentificationAndClassification>See Exhibit (99.2)</subsidiaryIdentificationAndClassification>
            </item7>
            <item8>
                <notApplicableFlag>Y</notApplicableFlag>
            </item8>
            <item9>
                <notApplicableFlag>Y</notApplicableFlag>
            </item9>
            <item10>
                <notApplicableFlag>N</notApplicableFlag>
                <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
            </item10>
        </items>
        <exhibitInfo>
                EXHIBIT (99.1)

                JOINT FILING AGREEMENT

                In  accordance  with Rule  13d-1(k)(1)  promulgated  under  the  Securities
                Exchange Act of 1934, the  undersigned agree to the joint filing of a Statement
                on Schedule 13G (including  any and all amendments thereto) with respect to the
                American depositary shares, each representing one Class Z ordinary 			share, of BILIBILI, INC.
                and further agree to the filing of this agreement  as an Exhibit thereto.
                In addition, each party to this Agreement expressly authorizes each other party
                to this Agreement to file on its behalf any and all amendments to such Statement
                on Schedule 13G.

                Date:  05/26/2025

                THE GOLDMAN SACHS GROUP, INC.

                By:/s/ AMEEN SOETAN
                ----------------------------------------
                Name:  AMEEN SOETAN
                Title:  Attorney-in-fact

                GOLDMAN SACHS &amp; CO. LLC

                By:/s/ AMEEN SOETAN
                ----------------------------------------
                Name:  AMEEN SOETAN
                Title:  Attorney-in-fact

                EXHIBIT (99.2)

                ITEM 7 INFORMATION


        </exhibitInfo>
        <signatureInformation>
            <reportingPersonName>THE GOLDMAN SACHS GROUP, INC.</reportingPersonName>
            <signatureDetails>
                <signature>Name: AMEEN SOETAN</signature>
                <title>Attorney-in-fact</title>
                <date>05/26/2025</date>
            </signatureDetails>
        </signatureInformation>
        <signatureInformation>
            <reportingPersonName>GOLDMAN SACHS &amp; CO. LLC</reportingPersonName>
            <signatureDetails>
                <signature>Name: AMEEN SOETAN</signature>
                <title>Attorney-in-fact</title>
                <date>05/26/2025</date>
            </signatureDetails>
        </signatureInformation>
    </formData>

</edgarSubmission>
