Chinese Video Company PPLive Raises $250 Million

Posted Feb 4, 2011

PPLive is a Chinese video company that has raised $250 million in Series D. SoftBank made the investment and has attained a 35% stake as a result. PPLive is known for offering the video-on-demand service PPTV. This round of funding is larger than what Youku raised in their $203 million IPO. PPTV has 200 million registered users and 105 million active monthly users. PPTV viewers spend about 2 hours and 30 minutes on average watching the video on demand service. [TechCrunch]