When was PPS founded?

PPS was founded in 2005 and raised its 1st funding round within a year of its incorporation.

Where is PPS located?

PPS is headquartered in Shanghai, China.

Is PPS a funded company?

PPS is a funded company, having raised a total of $59.6M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 2005.

When was the latest funding round of PPS?

PPS's latest funding was a $***** Series C round on Oct 2011, with participation from 0 investor.

Where does PPS rank among its competitors?

PPS ranks 196th amongst 2284 active competitors, of which 78 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was MUBI, which secured $100M in Jun, 2025.

Who are the top competitors of PPS?

PPS's top competitors include Netflix, Angel Studios and MUBI. Among them, MUBI secured the most recent funding round in June, 2025.

PPS - 2026 Company Profile, Team, Funding & Competitors

Q: Is PPS an acquired company?

PPS got acquired by Baidu on May 07, 2013.

PPS is an acquired company based in Shanghai (China), founded in 2005 by Weifeng Xu. It operates as a Provider of an on-demand streaming platform for multimedia content. PPS has raised $59.6M in funding from LB Investment. The company has 2284 active competitors, including 78 funded and 82 that have exited. Its top competitors include companies like Netflix, Angel Studios and MUBI.

Company Details

Provider of an on-demand streaming platform for multimedia content. The content spans multiple categories such as anime, kids entertainment, horror, thriller, action, romance, among others. It allows users to stream, download, and share the same with friends and family on social media platforms. The platform generates revenue through advertisements.

Website: pps.tv
Social

Key Metrics

Founded Year

2005

Location

Shanghai, China

Stage

Acquired

Total Funding

$59.6M in 4 rounds

Latest Funding Round

Series C, Oct 2011, $*****

Investors

LB Investment & 6 more

Ranked

196^th among 2284 active competitors

Similar Companies

Tubi & 953 more

Exit Details

Acquired by Baidu (May 07, 2013)

View PPS's full profile

PPS got acquired by Baidu on May 07, 2013 at an acquisition amount of $*****.

Click here to take a look at PPS's acquisition in detail

PPS has raised a total funding of $59.6M over 4 rounds. Its first funding round was on Dec 2005. PPS has 7 institutional investors.

Here is the list of recent funding rounds of PPS:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 2011	1615760	Series C	2029832	2391570	5856972	4270060
Oct 20, 2008	1095785	Series B	9756085	8708501	8139149	Ceyuan Ventures & 1 more
Mar 2007	7738716	Series A	4510548	5730011	5179408	Ceyuan Ventures & 1 more

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View details of PPS's funding rounds and investors

The founders of PPS is Weifeng Xu.

Here are the details of PPS's key team members:

Weifeng Xu: Founder of PPS.

View details of PPS's Founder profiles and Board Members

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Top competitors of PPS include Netflix, Angel Studios and MUBI. Here is the list of Top 10 competitors of PPS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Netflix 1997, Los Gatos (United States), Public	Provider of streaming services for TV shows, movies, and documentaries	$80M	Foundation Capital, Group Arnault & 18 others	86/100
2nd	Angel Studios 2013, Provo (United States), Acquired	Streaming platform offering curated shows and movies funded by its members	$97.6M	Gigafund, Uncorrelated Ventures & 2 others	79/100
3rd	MUBI 2007, Palo Alto (United States), Series F	App-based movie streaming platform	$127M	MMC Ventures, White Star Capital & 36 others	78/100
4th	STAGE 2019, Delhi (India), Series B	Provider of Indian movies, web series and originals	$23.7M	Blume Venture, Goodwater Capital & 203 others	77/100
5th	Hulu 2007, Santa Monica (United States), Acquired	Subscription-based OTT video content streaming platform	$100M	AT&T, The Walt Disney Company & 4 others	75/100
6th	Tubi 2014, San Francisco (United States), Acquired	Provider of on-demand streaming video offering movies and television shows	$26M	Cota Capital, Tegna & 19 others	74/100
7th	IQiyi 2010, Beijing (China), Public	Subscription-based streaming platform	$2.04B	Sequoia Capital China, Hillhouse & 20 others	74/100
8th	Telly 2008, Los Angeles (United States), Series B	Subscription-based VOD streaming platform	$18.6M	DFJ, Felicis Ventures & 12 others	71/100
9th	JioHotstar 2015, Mumbai (India), Acquired	Online video streaming platform offering movies, TV shows, live sports, and original content	-	-	70/100
10th	Youku Tudou 2006, Shanghai (China), Acquired	Online video streaming platform	$110M	Maverick Ventures, Sutter Hill Ventures & 14 others	70/100
196th	PPS 2005, Shanghai (China), Acquired	Provider of an on-demand streaming platform for multimedia content	$59.6M	Ceyuan Ventures, Vision Knight Capital & 5 others	42/100