Shenzhen video firm faces hefty copyright penalties
By Chen Hong in Shenzhen | China Daily | Updated: 2014-06-18 07:16
The market supervision authority in Shenzhen held a closed-door hearing on Tuesday to consider fining a local technology company 260 million yuan ($41.7 million) for an alleged copyright violation.
The company, Shenzhen QVOD Technology Co, an Internet video services provider, requested the hearing. The outcome is expected to be announced in about a week.
According to the Shenzhen Market Supervision Administration, the fine amounted to triple the gains for the company from illegal practices.
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