The China-based sports streaming platform is raising the money from investors including Ti'ao Power, from which it has acquired the rights to Chinese Super League football.
LeTV Sports, the China-based online sports streaming affiliate of media and electronics conglomerate Le Holdings, has raised $460m in series B funding, China Money Network reported today, citing an article in Caixin.
Investors in the round, which is set to be announced formally next week, include media company Ti’ao Power. It follows a report in China Daily stating the round would be sized at up to $1bn.
LeTV Sports operates as a direct subsidiary of Le Holdings subsidiary Leshi Internet,…
