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.