Comment on Letv Sports Lands US$128M Funding Led by China’s Top Two Billionaires by LeTV Sports Lands B Round At Reported 20.5 Billion Yuan Valuation - TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2015-05-13 00:00:00

This round went through A and A+ periods, luring investments from two of the richest men in China. Letv has evolved from a web page on Leshi’s platform in 2012 to a separate entity that streams live sporting events. Letv Sports claim that 121 sports events in 12 categories and 4000 matches will be broadcasted live on average every year, covering various events including football, basketball, tennis, golf and marathon events. In terms of content output, Letv Sports will improve the watching experience by providing users with multiple choices of 6-way signal and 4-way interpretation. For events management, Letv Sports has acquired the operations right for a handful of exclusive events.