Youku and Akiyoshi were fined 10,000 and 15,000 yuan respectively

On May 8, Youku and Akiyip were fined 10,000 and 15,000 RMB respectively.

Recently, Youku Information Technology (Beijing) Co., Ltd (hereinafter referred to as Youku) and Beijing Aqiyi Technology Co., Ltd (hereinafter referred to as Aqiyi) were fined 10,000 RMB (same below) and 15,000 RMB respectively.

Recently, the Beijing Municipal Culture and Tourism Bureau website disclosed that on May 8, Youku was fined 10,000 yuan for providing Internet cultural products containing vulgar content that endangered national unity, sovereignty and territorial integrity; and Aqiyi was fined 15,000 yuan for posting music videos containing gory violence, lyrics containing profanity and other vulgar content.

But the notice did not give a detailed explanation on the reasons for the fine.

Earlier this month, Akiyay was deeply involved in a milk dumping scandal, in which the popular winning contestants of an Akiyay talent show were reported to have several problems, as well as fans buying sponsor’s milk in large quantities to vote for their idols, and then dumping the milk in crates.

On the 13th of last month, 34 Internet platforms, including Akiyay, were named by the Chinese Communist Party authorities and required to conduct a comprehensive self-examination and self-inspection within one month, thoroughly rectify each item, and impose heavy penalties if the platform is found to be in violation of the law again. On the same day, Meituan fell 7.44%, Baidu, Racer and Jingdong fell more than 2% to 3%, and Tencent fell nearly 1%. Alibaba and Baidu in the U.S. shares both fell more than 1%.

The 34 included Alibaba, Tencent, Jingdong, Baidu, Sina Weibo, Racer, Meituan, 58 Tongcheng, Hungry, Jindo, Ctrip and Vipshop.

And on April 10, Alibaba was fined 18.228 billion yuan by the Chinese Communist authorities for violating the Anti-Monopoly Law.

The Voice of America quoted Chen Kuide, editor-in-chief of Overview China, as saying on April 12 that in Communist China, other giant private entrepreneurs will gradually lose their place in the world, and it is even more unlikely that there will be such a huge wealthy man as Jack Ma.