Baidu and QVOD Technology fined for copyright infringement

Baidu and QVOD Technology fined for copyright infringementOn Monday for copyright infringement Chinese search leader Baidu (BIDU) and Shenzhen-based software company QVOD Technology were fined.

Authorities had to say that the companies' software provides access to pirated videos. A fine of about $41,240 was placed on both by the Nat'l Copyright Administration of China, according to China online video provider Youku Tudou (YOKU), which said in a statement it's also demanding they stop using the software. Youku and others filed the infringement claims earlier in '13. Baidu shares rose 0.1% to 173.99. Youku fell 2.1% to 30.28.

According to the administration, an investigation into Baidu and QVOD's alleged copyright infringement was initiated on November 19 after reports were received from a group of companies which included Youku Tudou, LeTV, Sohu and Tencent, which revealed results of the investigation showed the two companies have committed infringement of copyrighted content via their media players.

This led to the punishment decision made Friday, the administration noted, referring to the 250,000 yuan penalty for both companies, the highest amount a copyright violator can be fined.

Nine other cases were included in a list of the top 10 crackdowns on online piracy in the country this year as well.

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