Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

PPLive: Profit by 2010, IPO in 2-3 Years

Sina Tech, 12/30/09

Vincent Tao, CEO of Chinese P2P online video site PPLive, has said in an interview with foreign media that he expects the company will become profitable by the end of 2010, and that the company is planning a Nasdaq listing in 2011 or 2012. Tao said that PPLive boasts 145 mln registered users and over 45 mln active users each month.

Tao stated that the company's income is mainly derived from advertising, and that PPLive plans to add pay-per-view services next year. Tao also revealed that, with the hastened growth of China's online video advertising market, PPLive's operating revenue for 2009 more than doubled over the previous year. Tao said he expects growth trends to continue in the short term, although he declined to reveal precise revenue figures.

Keywords: Vincent Tao online advertising Internet IPO Nasdaq profit revenue online video PPLive video advertising active users registered users

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports