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
U.S. investor troika doubles bets on Chinese video: Pump $8M into CTS
CTS Media, a Shanghai company that provides advertising within videos, said it has raised $8 million in a second round of funding.
The round was led by Steamboat Ventures, the venture arm of Walt Disney, and was joined by Draper Fisher Jurvetson and existing backer… Continue Reading