PPTV, the leading peer-to-peer video download services in China, will go for IPO in the U.S. in 6 months, said an investment banking source.

Founded in 2004 as PPLive, the Shanghai base was one of the first China online video media.  It changes its name to PPTV in 2010 to better reflect its business.  Most people use it to watch movies or TV drama.  It is one of  the largest aggregator of Chinese TV programs with thousands of TV shows and programs from over 120 TV stations.

As of December 2010, it had more than 200 million user installations and its active monthly user base  was 104 million, i.e.,  43% penetration of Chinese internet users. Average viewing time per person per day has reach over 2 hours and 30 minutes, the highest among all China websites.

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Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...