PPLive Receives Venture Investment from DFJ

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Chinese web video broadcasting site PPLive has reported received its third round of venture funding from DFJ. Local sources estimate the investment is in the $10 to $15 million range. Launched in January 2005, PPLive.com provides live video feeds and other online video broadcasting services. In 2006, the website licensed the hit movie The Banquet and broadcasted it online. Prior to the DFJ investment, the company had received other investments from SoftBank and BlueRun in 2005 and 2006. Source: sina.com.cn