Video - Wednesday, March 28, 2007
China's P2P Video Startup PPStream Raises $10M
Sorry, but this logo character is a blatant rip-off of Kenny from SouthPark and the the name of the company is definitely one that the show would run with.
Now that we have that out of the way, we learn today that Shangai-based PPStream has raised about $10M funding from Qiming Ventures and its existing investor Ceyuan Ventures.
PPStream offers P2P video on demand and has done partnerships with ESPN Star China, Sina and Yahoo among others. And of course, BitTorrent sites are enormously popular in China.
PP Stream competes with Google portfolio company Xunlei as well as with UUSee which recently raised its series B funding at $20M.
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