PPTV, an on-demand and live streaming service, plans to make a profit in the fourth quarter this year, said its CEO, Vincent Tao. And they are “actively” preparing for an IPO, waiting for markets to pick up. He also estimated that consolidations, acquisitions or investments would possibly happen in video industry in the second half of this year.

The company briefly broke even in 2010. In 2011 it made 121 million yuan in advertising revenue, about one third of Tudou’s, according to a report released by Shanghai Administration for Industry and Commerce.

In January 2011 the company received USD 250 million of investment, at a value of USD 700 million, from Softbank who took a 35% stake, with its CEO sitting on PPTV’s board.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com