Chinese P2P TV start-up PPStream is looking for an additional round of funding, according to Marbridge Daily. The company previously received a total of 30 million dollars from LG's venture subsidiary LB Investment, Ceyuan Ventures and Qiming Venture Partners. From Marbridge Daily:

"PPStream's needs for cash are modest at this point; its main interest is reportedly resources it can gain from strategic investors."

PPStream previously forecasted 12 million dollars in revenue for 2009 and is now saying that it will end the year with "very small" losses.

PPStream apparently isn't the only Chinese P2P TV company looking for more funding. There have also been rumors about PPLive raising more money, but I haven't been able to confirm this with the company.

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