Letv sees profitability
LETV, China’s leading online streaming site, has made an initial profit estimate of 280 million yuan (US$41.9 million) to 306 million yuan in the first half of 2016, up between 10 and 20 percent year on year. The company yesterday said it raked in 8.9 billion yuan to 11.1 billion yuan in the first half, up 100-150 percent.
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