A group of Chinese Internet firms, including Tencent Holdings and Sohu.Com Inc , has joined a top U.S. film industry body in seeking 300 million yuan ($49.2 million) in damages from China's Baidu Inc and QVOD for copyright violation. The Joint Action Against Online Video Piracy in China, which also includes Youku Tudou Inc, Dalian Wanda Group and the Motion Picture Association of America (MPAA), said in a statement that Baidu and others had been using an automated process to obtain content from the other companies.Baidu, the largest Internet search engine in China, said in a statement it was committed to fighting piracy.A spokeswoman for Shenzhen-based software company QVOD said: "We are just a video player, we don't provide content." She declined to elaborate on the piracy allegations.QVOD's mobile and desktop video player links to the web and allows users to stream videos.
Baidu, Inc. (Baidu) is a Chinese-language Internet search provider. Shares of BIDU fell by 0.77% or $-1.17/share to $150.43. In the past year, the shares have traded as low as $82.98 and as high as $169.75. On average, 3708160 shares of BIDU exchange hands on a given day and today's volume is recorded at 1965996.
Sohu.com Inc. (Sohu) is a Chinese online media, search, gaming, community and mobile service group. Shares of SOHU fell by 1.23% or $-0.79/share to $63.42. In the past year, the shares have traded as low as $34.84 and as high as $87.29. On average, 1604150 shares of SOHU exchange hands on a given day and today's volume is recorded at 1209289.
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