Wang Sicong's Panda Live Broadcast received 1 billion yuan in Series B financing, and the number of monthly active users has reached 80 million

On the 24th, Panda Live announced that it had received RMB 1 billion in Series B financing. This round of investment was led by Industrial Securities Xingzheng Capital, followed by Hanfu Capital, Warken Capital, Guangyuan Capital, Zhongji Investment, Changdi Capital, and Akashi Investment. Guangyuan Capital serves as the exclusive financial consultant for this financing.

Original title: Panda Live, founded by Wang Sicong, announced that it had received RMB 1 billion in Series B financing

. On the 24th, Panda Live announced that it had received RMB 1 billion in Series B financing. This round of investment was led by Industrial Securities Xingzheng Capital, Hanfu Capital, Volken Capital, Light Source Capital, Zhongji Investment, Changdi Capital, Akashi Investment, and Light Source Capital served as the exclusive financial consultant for this financing.

Panda Live was established in July 2015. The founder and CEO are Wang Sicong. The live broadcast platform was officially launched on October 21 of that year, focusing on live games.

Last year, it was revealed that Panda Live had completed 650 million yuan in Series A financing, with a valuation of 2.4 billion yuan. However, the official did not respond to this. According to the industrial and commercial information of Panda Live's parent company, companies such as Qihoo 360 and Weibo Capital and Institutions are shareholders.

Since its establishment, Panda Live has also continued to expand its content categories, including outdoor live broadcasts, entertainment live broadcasts, variety live broadcasts, etc., and is currently positioned as a pan-entertainment live broadcast platform. Previously, he co-produced the new youth live talk show "The Shallots Show" with Canxing. Wang Sicong served as a guest on the show, which attracted a lot of attention. According to data provided by Panda Live, as of now, the monthly active users of Panda Live has reached 80 million, and the number of monthly active anchors exceeds 150,000.

Panda Live CEO Wang Sicong said that the development of the live broadcast industry in the past 1-2 years has verified that live broadcast has become an important entertainment experience for the new generation of netizens, and believes that live broadcast will become an important part of the domestic cultural and entertainment industry. Panda Live will also provide users with wonderful and rich content through its own professional program production capabilities and strong upstream and downstream resource integration capabilities in the industrial chain.

Editor: Nancy