China’s game streaming site Panda TV confirms it will end service amid cash crisis

//China’s game streaming site Panda TV confirms it will end service amid cash crisis

China’s game streaming site Panda TV confirms it will end service amid cash crisis

China’s once high-flying game streaming platform Panda TV has announced it will end its service after the company failed to raise fresh funds to keep operations going in a cash-intensive business.Founded in 2015 by Wang Sicong, an entrepreneur and son of Chinese tycoon Wang Jianlin, Shanghai-based Panda TV said in a posting on microblogging site Weibo on Friday that it has started a “wandering plan,” asking “engineers to gradually cut off the connection with the mother star,” an apparent…

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By | 2019-03-08T09:25:28+00:00 March 8th, 2019|Technology|Comments Off on China’s game streaming site Panda TV confirms it will end service amid cash crisis