China Licenses Online-Video Site

From Wall Street Journal:

Chinese online-video site Youku.com said it has received a long-awaited license from China’s State Administration of Radio, Film and Television, in a sign that China’s government may not take as tough a line on privately owned online-video companies as some had feared.

Youku’s license, announced Wednesday, makes it the first of China’s most popular YouTube-like video-sharing sites — including Tudou.com and 56.com — to be approved by the administration, known as Sarft, following new regulations for the industry that it announced late last year. Those rules said government wanted online-video sites to be owned or controlled by government companies.

July 10, 2008 5:36 PM
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