Chinese online video company Youku Tudou Group has reportedly sued Chinese mobile phone upstart Xiaomi for video-on-demand infringement. Youku Tudou reportedly claims that Xiaomi’s Miui Box illegally provided the VOD service for ten movies and TV series which infringed on Youku Tudou’s rights because they allegedly owned those rights. Youku Tudou asked Xiaomi to immediately […]
Chinese Internet company Xunlei has formed a strategic partnership with China Construction Bank’s Shenzhen branch to gain a CNY10 billion loan and a customized capital management program for Xunlei over the next three years. Luo Lan, vice president of Xunlei, said that the cooperation aims to provide financial security for Xunlei’s rapid expansion, enhance the […]
Alipay.com, the Internet payment subsidiary of Alibaba Group, launched a new platform to integrate various Internet accounts, covering Internet shopping and banking.
