PPTV, a Chinese peer-to-peer video streaming service, has been be acquired by Hony Capital of Lenovo and Suning, a Chinese home appliance retailer, for $420 million, as reported by Sohu IT (report in Chinese). A new company will be jointly established by Suning and Hony Capital in Hong Kong, with the former taking a controlling […]
Search results
Posted inNews
Alibaba Reportedly Invests in Video Service PPTV
Alibaba reportedly will buy a stake in PPTV, an online video streaming service, together with Hunan Satellite TV with $400 million. The rumor that PPTV was looking for buyers has been around for a while. It was reported that Sohu and Suning showed interest. Vincent Tao, CEO of PPTV, predicted at the beginning of this year that […]
Posted inNews
Video Streaming Service PPTV Rolls out A TV Dongle
Online video provider PPTV launched another piece of hardware, PPLink, which is much smaller than the set-top box the company released three months ago. The dongle must remind you of Chromecast, the Android TV dongle Google rolled out not long ago. Like Chromecast, PPLink, when being plugged into HDMI cable on the back of a […]
Posted inNews
PPTV, PPS’s Direct Competition, Launches A Set-top Box
Last week PPTV, or PPLive, launched PPBox, a set-top box and a series of apps. Back in 2011, the company had begun providing online video content to some set top boxes but was stopped by the SARFT (The State Administration of Radio Film and Television) for the licensing issue. Earlier last year, it reached partnership with […]
Posted inNews
PPTV Plans to Turn A Profit This Year, Hints An IPO
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 […]
Posted inNews
Video Streaming Service Baofeng Plans IPO on the Shenzhen GEM
Fengxin, CEO of Baofeng.com, disclosed that his company had submitted its application for IPO on the Shenzhen GEM. He claims Baofeng, unlike most other video services, has been profitable for three years. (in Chinese) Previously Baofeng raised a total of $24 million in financing, according to media reports. The company once planned to list on […]
Posted inNews
Chinese Online Video Sites Closer to Breaking-even
Gong Yu, CEO of iQiyi, expected online video ad rates to go up by 30% in the first half of 2013. At the same time, video copyright prices decreased by an average of one third in 2012 year-on-year, according to the same report. The Youku-Tudou merger that happened in last year stopped the competition in video […]
