PPStream, a Shanghai-based P2P-powered video broadcasting service provider, has secured $10 million second round funding from Qiming Ventures and its existing investor Ceyuan Ventures, China Web2.0 Review reported. Ceyuan Ventures invested in PPStream’s initial funding two years ago.
PPStream claims to differentiate itself from the rest of the Chinese market from its P2P VOD service, as opposed to the P2P live streaming offered by most. The company has developed partnerships with Phoenix TV, ESPN Star China, Sina and Yahoo China.
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