Chinese public attitude towards gaming no longer sees it as a waste of time.
The company reportedly inked the deals at 10% to 20% below the going price for acquiring new users.
The JD.com and Wanda-backed group has suffered rumors of production problems.
Chinese social media Weibo comes under fire for the loopholes in lottery drawing algorism.
“We are not dead, and PandaTV is about to profit,” PandaTV’s Chief Operation Officer Zhang Juyuan told local media.
The vibrant Chinese tech and startup ecosystem is attracting huge attention from investors and institutions hoping to grab a place in the heated innovation competition. According to Crunchbase’s latest analysis, in the second quarter of 2018, Chinese startups raised 47% of all reported VC dollar volume whereas North American companies raised 35% of the whole pie. […]