The LeCloud and Qihoo 360-backed online video streaming platform will reportedly file for bankruptcy after failing to raise new financing.
Panda TV, a China-based video streaming platform backed by cloud computing firm LeCloud and internet security software producer Qihoo 360, is set to declare bankruptcy, Sina News has reported.
Founded in 2015, Panda TV operates an online platform that enables users to broadcast and stream live video content such as video games and eSports.
The company has been trying to source financing from five investors over the past two years, but after failing to secure funding it has been left with…
