Shanghai, China - PPS.tv, an online TV service in China that counts over 100 million monthly users, announced that it has raised $20 million in new financing, led by LB Investment with participation from Ceyuan Ventures and Qiming Venture Partners.

Founded in 2006, PPS.tv says it counts 6,000 sets of channel programs, which attract a combined monthly view time of over 60 billion minutes.

Content partners include CCTV, ESPN, FIFA and the NBA. PPS was also the first site to be authorized to webcast the Beijing Olympics, as the premier partner of official Olympics site CCTV.com.

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http://www.pps.tv