Just before police raided Kuaibo’s offices in April, the CEO of the company that makes the notorious QVOD streaming video app fled the country.
Authorities in China are seeking to impose a fine of nearly $42 million on this renegade app. That would make it China’s biggest piracy-related payout.
Police in the southern Chinese city of Shenzhen performed a raid this morning on the offices of one of China’s most notorious video piracy apps.
China’s biggest online video sites form alliance against piracy, collectively sue Baidu for $49 million
This afternoon, more than a dozen of China’s biggest online video providers including Youku (NYSE:YOKU), LeTV (SHE:300104), Sohu (NASDAQ:SOHU), and Tencent (HKG:0700) gathered in Beijing to announce, ...