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PPLive Rumored to Get $15m, Not Yet Says CEO
An unnamed source said Shanghai-based peer-to-peer streaming media provider PPLive has received a new round of financing worth $15 million from investors including SAIF Partners, BlueRun Ventures, DFJ Fund, TechWeb.com reported November 4.
PPLive CEO Vincent Tao denied the company had received any new funds as yet, adding that the company is still looking for financing. According to Tao, the company does not have a cash shortage problem because existing investors continue to support the company.
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