The sports streaming platform, a spin-out from online video provider Leshi Internet, raised the cash from investors including Dalian Wanda.
LeTV Sports, an affiliate of China-based online video streaming service Leshi Internet Information & Technology, has secured $100m of funding from investors including conglomerate Dalian Wanda Group, Bloomberg reported yesterday.
LeTV Sports Culture Develop (Beijing) raised the money at a $450m valuation, a person with direct knowledge of the matter told Bloomberg.
The company originated as part of Leshi Internet’s platform but has grown into an independent entity that streams live worldwide sporting events.
Leshi Internet will maintain a minority…
