Synacast's PPTV has 200 million users across China and has sold a 35% stake to Japan-based media group Softbank for $250m.
Japan-based media group Softbank has invested $250m for a 35% stake in Synacast, which is also known as PPLive and is China’s largest online television service streaming both live and video-on-demand content aggregated from 120 stations.
Synacast’s PPTV has 200 million users across China. Softbank said the capital alliance and the joint business development would offer internet video services to any internet enabled devices, including personal computer, television and mobile.
Vincent Tao, chief executive of PPLive, which launched in late…
