PPStream Closed Series B Funding

Written by Tangos on March 28, 2007
Tags:, ,

PPStreamPPStream, a Shanghai-based p2p-powered video broadcasting service provider, announced to raise about $10M funding from Qiming Ventures and its existing investor Ceyuan Ventures. Ceyuan Ventures invested in PPStream’s series A funding in 2005.

PPStream claimed to own its cutting-edge p2p video on demand technology, when most of its competitors in China can only provide p2p video live streaming service. As its competitors, PPStream also made various partnership to promote its technology and services, and enrich its video content. Its partners include Phoenix TV, ESPN Star China, Sina and Yahoo China.

Since 2007, p2p video service has become hot again as in 2005. Most of China’s p2p video service providers raised their first round funding in 2005. In 2007, Google China announced its investment in Xunlei, UUSee closed its series B funding of $20M.

In the mean time, Mysee, another p2p video technology developer, just announced its open source plan today, it will provide its Mysee Lite! software under GPL license, this may further boost the development of p2p video in China.

3 Responses to “PPStream Closed Series B Funding”

  1. NewTeeVee » Create Chinese P2P Startup, Rake in Cash on March 30th, 2007 5:59 am

    [...] Why am I writing about online video when I could be creating yet another Chinese P2P-powered on demand video site and raking in venture capital? First Xunlei, then UUSee and now the unfortunately named PPStream have all closed funding rounds in the last few months — with Shanghai’s PPStream reportedly scoring $10 million in Series B from Qiming and Ceyuan ventures. [...]

  2. NewTeeVee Asia’s P2P Boom « on August 26th, 2007 7:57 am

    [...] Of course you can’t talk about Chinese P2P without talking about German soccer — or rather the companies that make it available worldwide via P2P . Chinese enterprises like PPStream and Sopcast were streaming video through their P2P infrastructure long before Joost and Babelgum, and Chinese P2P Streaming start-ups are starting to see some cash for their efforts. PPStream secured $10 million in financing this spring, and UUSee got another $20 million in a second round of financing on top of $10 million it raised in late 2005. The investors include DFJ, Sequoia and Highland Capital. [...]

  3. Winner of Red Herring 100 Asia 2007 from China’s Internet Industry : China Web2.0 Review on August 31st, 2007 12:08 am

    [...] PPstream: a p2p video streaming software and service which just finished its second round of funding in March 2007. [...]

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