PandaTV, Chinese live streaming platform specializing in e-sports and other entertainment content, plans go public by the end of this year, Chief Operation Officer Zhang Juyuan told local media (in Chinese). Zhang also said earlier that Hong Kong and US are IPO destinations the company is now considering.

Co-founded by Wang Sicong, son of multinational Wanda Group’s Wang Jianlin, Panda TV just had its 3-year anniversary on October 20, amid increasing doubts  of liquidity problems, financing shortage, and Wang Sicong’s hesitation in continuous material support.

“We are not dead, and PandaTV is about to profit. We will raise a fresh round of financing from giants by the first quarter of 2019, which would increase our valuation to over RMB 5 billion ($720 million ),” Zhang said, specifying no other detailed operation data.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com