News Snapshot:
LeEco's cloud computing unit has led a RMB360 million (US$54 million) funding round in Panda TV, an online live video streaming platform launched by Wang Sicong, the son of Dalian Wanda Group chairman Wang Jianlin. In return, Le Cloud will own around 15% of Panda TV, indicating that the one-year-old start-up is valued at RMB2.4 […]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
