|Prepared by ChinaScope Financial | Source: Beijing Morning Post|
- On March 25, PPS denied the rumors by stating that company operating and financial conditions are very good. ZHANG Hongyu, Co-founder of PPS, said it is groundless to project that PPS has no growth potential in the future.
- Multiple industry insiders believe the two parties will very likely materialize the deal, given the fact that Baidu needs PPS to further enhance its online video client base.
- From 2005 to 2011, PPS obtained four rounds of funding for a total of less than USD 60 million.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.