Showing posts with label ¥1million. Show all posts
Showing posts with label ¥1million. Show all posts

Saturday, December 29, 2012

Apple Loses Copyright Lawsuit, Fined ¥1million




A Chinese court has fined Apple Inc. 1 million Yuan for hosting third-party applications on its App Store that were selling pirated electronic books, the official Xinhua news agency reported on Friday. Apple is to pay compensation of $165,000 (U.S.) to eight Chinese writers and two companies for violating their copyrights, the Beijing No.2 Intermediate People’s Court ruled on Thursday, Xinhua said. Earlier in the year, a group of Chinese authors filed the suit against Apple, saying an unidentified number of apps on its App Store sold unlicensed copies of their books. The group of eight authors was seeking 10 million Yuan in damages.

ST

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