China-based online television and video streaming service Imgo.tv has closed a RMB 1bn ($160m) series A round led by telecommunications company China Mobile, China Money Network reported yesterday.
Other investors in the round, which reportedly valued the company at $1.6bn, have not been disclosed.
Imgo.tv was launched in 2006 and is a subsidiary of Hunan Television, a satellite TV station that is the second-most-watched channel in China, behind the state-owned China Central Television.
– Image courtesy of Hunan Television