On the move

Panda TV appoints Wang Sicong as CEO

Wang Sicong, the son of billionaire Dalian Wanda Group Chairman Wang Jianlin, will become the CEO of the live video broadcasting platform Panda TV, according to his Weibo account.

Rolled out this year, Panda TV is financially backed by Wang Sicong and other individual investors. No information is available about the company's business model, but it broadcasts live Karaoke videos, light entertainment and online gaming.