PPLive, Chinese P2P video site, raises $21M

PPLive, a Shanghai based operator of a P2P video site, has raised $21 million in second round of funding. Draper Fisher Jurveston led the round, which also included DFJ’s China affiliate DFJ Dragon and previous investor BlueRun Ventures.

PPLive raised about $6 million last year.

News of the deal first appeared here.

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