Chinese P2P start-up PPLive has received a new round of funding, totaling about 15 million dollars, according to Chinese media reports. Part of the funding is coming from Shanghai's municipal government. From Marbridge Daily:

"Industry sources say that PPLive has received investment from SAIF Partners, and that previous investors BlueRun Ventures and Draper Fisher Jurvetson (DFJ) also added to their investments. However, Tao did not disclose the investors or investment amounts included in this round."

PPLive apparently also received some strategic investment from Baidu before this new round, but hasn't disclosed that amount either. The company raised around 20 million dollars in previous rounds and tried to get additional financing around a year ago, but instead had to lay off around 10% of its work force due to the economic slow down.

PPLive competitor PPStream recently also confirmed that its trying to raise more money.

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