Shanghai – China’s Synacast Corp. — also known as PPLive —
the operator of operator of online TV service PPTV, announced on Thursday that
Japan’s Softbank has acquired a 35% stake in the company.

Financial terms of
the transaction were not disclosed.

Launched in 2004, PPTV counts 200 million
user installations and 105 million active monthly users in China.

The site
offers professionally produced programming from more than 120 TV stations, supported
by both advertising and pay-per-view.


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