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PANDA TV's Shanghai Panda Mutual Entertainment Culture Co., Ltd. was established on July 23, 2015 with a registered capital of 20 million yuan. On September 6, 2015, Wang Sicong, chairman of Beijing Pusi Investment and Director of Wanda Group, announced through Weibo that he would serve as CEO of Panda TV, a video live broadcast platform. On September 21, 2015, Panda TV officially opened internal testing. On October 20, 2015, Panda TV officially opened a public beta. On November 6, 2015, Ruofeng will debut on the Panda TV.
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