According to the investment community, PPLive is seeking to sell

Absrtact: News says pplive is looking for sale to contact Sohu Tencent Baidu and other TechWeb have been informed from the third party, according to the investment industry, PPLive recently with Sohu, Tencent, Thunder, Baidu and other companies to contact, demand for sale or acquisition. PPLive

News says PPLive is looking for sales to engage Sohu Tencent Baidu

TechWeb recently learned from Third-party channels, according to the investment industry, PPLive recently with Sohu, Tencent, Thunder, Baidu and other companies to contact, demand for sale or acquisition. PPLive denies it.

According to the source, because pplive in the soft silver 250 million dollar investment after the valuation is too high, business and lack of significant progress, is now facing financial pressure.

According to the video industry sources, the PPLive market team has been adjusted last year. In addition, 酷6网 is also seeking to sell.

There has been news that the PPLive capital situation is not optimistic, because of its since 2010, the company has been continuously large-scale investment, but has not established an effective business return mechanism, the fight for the right of popular TV dramas alone to increase the speed of burning money. And on the listing of financing, PPLive has not been achieved. In July 2011, Pptvceo Tao announced that it would be listed in the United States in the next six months and that it had entered the IPO phase in early 2012. But in May 2012, PPLive vice President Zhang said pplive no listing plans. Six months later, Zhang changed its tone, saying it could launch an IPO in 2013.

PPLive, formerly known as PPLive, was founded in 2004 and commercialized in 2005. Public information shows that pplive up to now a total of 5 rounds of financing, at the beginning of 2005, won the soft silver 2 million dollar Seed fund, 2006 won the Blue Venture investment, soft silver participation of millions of U.S. dollars investment, September 2007 received from the DFJ and Dragon Pulse investment of 21 million dollars; 2010 received the fourth round of financing, investors and funding details unknown, in February 2011, soft silver 250 million U.S. dollars to finance, valued at $700 million.