Chinese online television and video site Imgo.tv, the online arm of Hunan Television, has reportedly completed RMB1 billion (US$163 million) series A financing led by Chinese telecommunication group China Mobile Limited, according to Chinese media reports.
No information about other participating investors are available, but the round reportedly values the company at RMB10 billion (US$1.63 billion).
Founded in 2006, Imgo.tv is a subsidiary of Hunan Television, which is currently China’s second-most-watched channel after state-owned China Central Television.
