May. 27, 2011 (China Knowledge) - Chinese P2P online video company PPLive Corp, one of China's largest online video providers, is considering launching an initial public offering in the U.S. said CEO Vincent Tao yesterday. The company promised that its management and investors are not seeking to withdraw from the equity market upon the IPO, Tao added without disclosing the timetable and fundraising amount of the IPO. Tao also noted that Japanese telecom and media giant SoftBank Corp has acquired around 30% stake in PPLive for US$2.5 million. In a bid to attract more investors in the IPO, the P2P online video provider has become the exclusive partner of Hunan TV and EE Media to launch the 2011 China Super Girl Show from Jul. 9 to Sep. 9 to enhance the international competiveness of PPLive. This show, which is expected to be the largest Chinese TV entertainment show with both TV and Internet presence, will last 63 days. In the period, PPLive will broadcast contents of the whole show via a global online video portal kuainv.pptv.com. According to the website of PPLive, the company also has cooperation relationships with Phoenix Satellite Television Holdings<2008>, Television Broadcasts Ltd<0511> or TVB and Premier League.
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