Jianhua Zhu, Chief Executive Officer acquired additional 16.4% stake in China Digital TV Holding Co., Ltd. (OTCPK:STVV.Y) from Zengxiang Lu, Chairman for $5.7 million.

China Digital TV Holding Co Ltd is a holding company mainly engaged in the provision of cloud platforms. Its cloud platforms provide cloud computing technology-based digital video delivery solutions to television and telecommunication network operators. The Company provides cloud gaming, cloud education, cloud virtual reality (VR), operational strategies and customer service systems through its cloud platforms. The Company is also engaged in the provision of products and services related to the VR technology, and technical support and services. The Company mainly conducts its businesses in the domestic market.