Chinese web video site PPS.TV snags $20M

PPS.TV, a Chinese online video site that attracts over 100 million monthly users, raised $20 million in third-round financing led by LB Investment and including contributions from Ceyuan Ventures and Qiming Venture Partners.

The three-year-old company, previously received backing from Ceyuan and Qiming in 2005 and… Continue Reading

PPLive, Chinese P2P video site, raises $21M

PPLive, a Shanghai based operator of a P2P video site, has raised $21 million in second round of funding. Draper Fisher Jurveston led the round, which also included DFJ’s China affiliate DFJ Dragon and previous investor BlueRun Ventures.

PPLive raised about $6 million last year.

News of… Continue Reading