Chinese Firm That Tried to Milk Black Hole Image Gets Fined for Improper Content
Jiang Yan
/SOURCE : yicai
Chinese Firm That Tried to Milk Black Hole Image Gets Fined for Improper Content

(Yicai Global) April 19 -- China's cyberspace administrator has fined major  domestic photo provider Visual China Group's Tianjin unit CNY300,000  (USD44,700) for providing clients with photos containing sensitive and  harmful information.

Neither the involved government agency nor the Beijing-based firm has given any further details on the violation.

A company that refuses to correct illegal behavior or acts will receive a  fine of between CNY100,000 and CNY500,000, and the government can order  it to suspend operations and shut down websites. 

The photo provider took to Weibo to apologize yesterday, saying it will  enhance content monitoring. The firm accepts the decision and will pay  the fine on time, it said. The penalty will not greatly affect its  business or result in compulsory delisting for serious violations, VC  added.

VC posted CNY700 million (USD104.4 million) in operating revenue and  CNY230 million in net profit for the first three quarters of last year.  The firm's stock price [SHE:000681] closed 7.3 percent higher at  CNY23.02 (USD3.43) today after hitting the maximum allowed fall for  several days last week following a copyright dispute.

The firm received criticism online last week after claiming the copyright  for photos including the country's national flag and the world's  first-ever picture of a black hole. It tried to charge fees for using  the images. 

Editor: William Clegg

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Keywords: Government Fine , Photo Supplier , Visual China