Forgot password
Enter the email address you used when you joined and we'll send you instructions to reset your password.
If you used Apple or Google to create your account, this process will create a password for your existing account.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Reset password instructions sent. If you have an account with us, you will receive an email within a few minutes.
Something went wrong. Try again or contact support if the problem persists.

PandaTV will reportedly file for bankruptcy and shut down on March 18

The Chinese streaming service has been in steady decline over the last 18 months.
This article is over 5 years old and may contain outdated information

After promises of securing extra funding in the last twelve months, PandaTV is allegedly set to shut down on March 18 after multiple reports of financial struggles.

Recommended Videos

Founded by Wang Sicong—the 31-year-old billionaire owner of Invictus Gaming—PandaTV was able to secure $250 million in funding by July 2017. Claiming to have 80 million monthly users back in May 2017, the streaming service has declined to just 16.8 million users as of January 2019.

The platform was planning on going public on the Shanghai Stock Exchange by the end of last year, according to COO Zhang Juyuan. Amidst growing doubts and a lack of finances, however, the IPO never happened.

Wang Sicong sold his shares in the company sometime in 2018, just before his own team’s triumph at the 2018 League of Legends World Championship over Fnatic. More recently, vice president Zhuang Minghao reportedly stepped down from the company, although PandaTV didn’t reply to local media about their financial situation.

PandaTV also had a sponsored shirt in PUBG. Image via Steam.

PandaTV was a naming sponsor to many tournaments, notably the PandaTV PUBG League in China and the Artifact Pioneer Tournament in January this year. Planned to be more than just an esports platform, the company was looking to expand into general entertainment.

Many teams, including Team Secret, had signed streaming deals with the company, although English-speaking players struggled to navigate the service and failed to maintain an audience.


Dot Esports is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy
Author
Image of Andrew Amos
Andrew Amos
Affectionately known as Ducky. A massive Australian esports fan, supporting the southern cross all over the world. Ex-amateur League of Legends player, as well as a three-time Unigames player.