Tencent Drops Investment in Content Startup After Criticisms

Chinese tech giant Tencent Holdings recently withdrew its investment of 30 million yuan from a content startup named Chaping which had been slammed for plagiarism and copyright issues.

Tencent said that Chaping had already agreed to return the investment voluntarily after it was found that the companies did not match values. Chaping said that it will seek to grow independently and learn from its mistakes, as well as take on more responsibility in the field of copyright and protection of original content.

Tencent likewise vowed to continue to respect and protect original content by putting enhanced measures in place.  

Source: Reuters