2010-08-30 14:43

According to AC Nielsen ratings, PPTV streams video to 35 million people worldwide every month.

Figures from China Internet Network Information Center show there were 140 million online video users in China by the end of last year. Nearly 40 million users said they watched videos only on the Internet.

Turnover for China's online video market hit 516 million yuan in the second quarter of this year, an increase of 217.5 percent over the same period last year, according to figures from Analysys International.

Related readings:  Online video firms speed up expansion  Tudou.com secures $50 million in fresh funding  Ku6.com to increase investment in content  National cable TV network soon

Vincent Tao, CEO of PPTV, said that Chinese video-sharing firms have seen explosive growth in their advertising revenue this year.

"I think there will be an IPO (initial public offering) wave of Chinese online video sites in the next one to two years," he said.

Yao has been planning an IPO overseas from the first day he created the company. He hopes it will be in 2012 or 2013 when the company and the market are both ready. "It means a bigger platform and a larger dream for us," he said.

"Windows, Microsoft or Facebook - there is no a word in the language of IT that relates to Chinese people," Yao said. "I hope PPTV will be the first one."