Chinese video platform Bilibili has obtained a payment license after acquiring a 65.5% stake in Zhejiang Yongyi Payment for RMB 118 million ($18 million), local media reported. Yongyi is among the more than 200 Chinese firms that hold one of the third-party online payment licenses issued by China’s central bank. The deal means that Bilibili is moving closer to launching its own e-payment service, an important step for tech companies looking to build a closed-loop experience for users. The Nasdaq-listed firm has been recruiting for payment business positions on its website since last year and registered payment-related domains in January. [Payment Baike, in Chinese]