Dec 16, 2011
According to a source within the telecom operator, Shenzhen Telecom can receive a 50-60% revenue share in an IPTV joint venture with Shanghai Media Group IPTV subsidiary Shanghai BesTV, but receive only approximately 30% of revenues in an IPTV partnership with CCTV's national online TV station CNTV and local broadcasting authorities.
Chinese online video site Youku (NYSE: YOKU) today responded to copyright infringement allegations made by rival Tudou (Nasdaq: TUDO), claiming that Tudou has infringed on Youku's broadcasting rights to more than 60 TV dramas, as well as illegally offering a number of Youku's original productions.
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American Depositary Shares of Chinese enterprise software provider CDC Software (Nasdaq: CDCS), trading of which was suspended on Nasdaq effective December 12, 2011, have begun trading in the over-the-counter market since December 16, 2011 with quotes displayed on the OTC Pink Market under the trading symbol "CDCSY."
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