Live video streaming service Panda TV has received $54m in a LeCloud-led series A round that valued it at $360m.
China-based online video streaming platform Panda TV has picked up RMB360m ($54m) in a series A round led by LeCloud, the cloud computing subsidiary of internet group LeEco, China Money Network reported today.
LeCloud reportedly obtained a 15% stake in return for its investment. Other investors in the round have not been named and neither Panda TV nor LeEco have confirmed the deal.
Panda TV operates an online platform that is initially focusing on the livestreaming of video games. It…
