Cloudary Corporation Continues to Ignore Copyright Infringement Violations du8.com warns of Cloudary Corporation, a Copyright Infringer, Attempting to be Listed on NYSE
BEIJING, April 17, 2012 /PRNewswire-iReach/ -- Beijing, China - du8.com (www.du8.com) previously announced on March 21, 2012, that Cloudary Corporation (www.cloudary.com.cn), a Shanghai, China company, who plans to list on the New York Stock Exchange (NYSE), infringed on du8.com's exclusive contract.
du8.com, a Chinese eBook portal, which signed exclusive license contracts with hundreds of thousands of authors, has owned exclusive digital rights of all books written by these authors, for more than 10 years. Cloudary has been accused of using these books for monetary gain and violated laws protecting du8.com's copyrights.
Cloudary has participated in infringement on exclusive copyrights for years. du8.com noted that they tried to negotiate with Cloudary, but Cloudary was unresponsive. As a result, du8.com sued Cloudary and was successful in the lawsuit.
In the March 21st announcement, du8.com reported that they own the largest copyright resource in China and they found, after a review of only 1% of the licensed books in their inventory, that Cloudary infringed on hundreds of ebook copyrights. du8.com anticipates that the total copyright infringement by Cloudary to be huge. This is an undisclosed risk in Cloudary's prospectus.
About du8.com. du8.com is one of largest Chinese ebook portals. Its mission is to "revolutionize the creation, publishing and distribution of digital content in China!". There are more than one million users who read, search, borrow, and download ebooks from du8.com every day. du8.com, who owns the largest reservoir of digital content and copyrights in China, including exclusive digital rights of hundreds of thousands of books, has spent a lot of time and money to ensure that hundreds of thousands of authors, Chinese publishers and Chinese periodicals are included in their vast library. For more information about du8.com, visit the website at www.du8.com.
SOURCE Sursen Corp.