A DOMESTIC copyright association has asked Kuaishou Technology to delete 10,000 videos it said infringes on intellectual property rules, days before the online short-video firm is set to list its shares in Hong Kong. The China Audio-Video Copyright Association (CAVCA), a non-profit government-backed organization, said in a statement that it found over 155 million videos on Kuaishou that use music for which it has copyright oversight, without its permission. The association said in the statement posted on its website yesterday it has provided the links to the first batch of 10,000 videos to Kuaishou and asked the company to delete them. Kuaishou, whose name means “fast hand” in Chinese, operates the eponymous app in China and its overseas versions Kwai and Zynn. The Tencent Holdings-backed app is popular among grassroots users in rural China. The platform boasts 263 million daily active users and counts Taiwanese singer Jay Chou as an endorser. Kuaishou raised US$5.4 billion from its initial public offering last week, the top of the range, with offers from retail investors reaching a mammoth US$162 billion, sources said. Kuaishou’s shares are expected to start trading on the Hong Kong stock exchange Friday. ByteDance’s Douyin, a Chinese version of the company’s hit video app TikTok, competes with Kuaishou in China. The CAVCA said in the statement it will continue to monitor any violations from short video platforms. (SD-Agencies) |