Its predecessor, PPLive, was peer-to-peer streaming video freeware created at the Huazhong University of Science and Technology in Wuhan, Hubei Province.
However, the actual operations were mainly carried out by Shanghai SynaCast Media Tech Co., Ltd. (Chinese: 上海聚力传媒技术有限公司).
A 68.08% stake of the parent company of PPTV, PPLive Corporation, was acquired by Shenzhen-based[citation needed] Chinese blue chip listed company Suning Commerce Group (now known as Suning.com) in 2013–14.
However, the stake was re-sold to Suning.com's largest shareholder, Zhang Jindong's Suning Holdings Group in 2015, for CN¥2.5879931 billion.
[1] PPTV owns the following football broadcasting rights in China:[2] https://www.cbf.com.br/a-cbf/informes/index/brasileirao-assai-sera-transmitido-na-china-pela-pp-sports-lider-em-d