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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 […]

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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 […]

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PPTV will go IPO in 6 months

PPTV, the leading peer-to-peer video download services in China, will go for IPO in the U.S. in 6 months, said an investment banking source. Founded in 2004 as PPLive, the Shanghai base was one of the first China online video media.  It changes its name to PPTV in 2010 to better reflect its business.  Most people […]