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Acquired bySuning
Price$400M
Date9/2013

General Information

Offices

HQ
Shanghai Zhangjiang Hi-Tech Park
690 Bibo Road, Building 5
Shanghai, 20000, CHN

People

CEO
Founder and President
CEO
board of directors

Funding

TOTAL $707M
FUNDING TOTAL $707M
Seed, 1/2005
SAIF Partners
$500k
Series B, 9/2007
Draper Fisher Jurvetson (DFJ)
DFJ DragonFund
BlueRun Ventures
$21M
Series C, 12/2009
Draper Fisher Jurvetson (DFJ)
BlueRun Ventures
$15M
Series D, 2/2011
SoftBank Capital
$250M
Private Equity, 10/2013
Hony Capital
Suning
$420M

Competitors

Tags

PPTV

PPTV, jointly invested in by several internationally well-known venture capital firms, is an online video network technology platform provider serving China as well as Chinese communities around the world, and a pioneer in fifth-generation new media.

PPTV is the largest leading online TV service in China offering featured television shows, sports, entertainment, news, and other popular video contents. It is characterized by its live-streaming service and professional video production. Based on the online video cloud platform PPCLOUDTM, PPTV is accessible from a variety of systems including a PC website (www.pptv.com), mobile phones and devices, and Internet TV or set-up boxes provided by certified carriers. PPTV offers clients timely, high-quality, and interactive online media experiences.

PPTV was founded in May 2005. Recently, it secured a $420 million investment from Lenovo and Retailer Suning. An iResearch report shows that PPLive holds more than 60% of the online video live broadcasting market, making it the most popular online video entertainment platform among global Chinese communities.

Its competitors are Youku.com, Tudou.com and Tecent Video.

Recent Milestones

  • Dollar
    PPTV received $420M in Private Equity funding. (10/1/13)
    Posted 2/28/14 at 12:14pm via reuters.com
  • Handshake
    PPTV was acquired by Suning for $400M. (9/25/13)
    Posted 9/24/13 at 7:26pm via techinasia.com
  • Dollar
    PPTV received $250M in Series D funding. (2/4/11)
    Posted 2/4/11 at 6:54pm via techcrunch.com
  • Dollar
    PPTV received $15M in Series C funding. (12/2/09)
    Posted 1/18/10 at 2:38am via p2pon.com
  • Check
    PPTV added Vincent Tao as CEO. (5/1/09)
    Posted 11/20/10 at 7:36pm
  • Dollar
    PPTV received $21M in Series B funding. (9/27/07)
    Posted 9/5/08 at 12:15pm via thealarmclock.com
  • Dollar
    PPTV received $500k in Seed funding. (1/1/05)
    Posted 10/21/10 at 10:38am
  • Check
    PPTV added Jui Tan as board of directors.
    Posted 8/22/08 at 3:14pm
  • Check
    PPTV added Bill Yao as Founder and President.
    Posted 11/20/10 at 7:36pm
  • Check
    PPTV added Xin Yao as CEO.
    Posted 12/15/13 at 12:41am

Videos

Screenshots

PPTV screenshot
Above: PPTV
Uploaded: 2/4/11
PPTV screenshot
Above: PPTV Screenshot -- #2
Uploaded: 2/11/14

Products

PP.TV - An Online TV Search Site
PPBox - Connected TV Solution
PPTV - An Online TV Portal
PPVA - universal video acceleration software

Sources

  1. Report: Suning to buy PPTV for around $400 million (techinasia.com) [edit]
  2. EDGAR [edit]
  3. Chinese Video Biz PPLive Raises $21M (thealarmclock.com) [edit]
  4. PPLive Gets New Funding (p2pon.com) [edit]
  5. Chinese Online Video Company PPLive Raises A Whopping $250 Million (techcrunch.com) [edit]
  6. UPDATE 1-China's Suning, Hony Capital to invest $420 mln in PPTV (reuters.com) [edit]
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Last Edited 3/21/14

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