Ku6 Media Announces Partnership with NetEase
BEIJING, Nov. 1, 2012 /PRNewswire/ -- Ku6 Media Co., Ltd. ("Ku6 Media" or the "Company", NASDAQ: KUTV), a leading internet video company in China, focusing on User Generated Content ("UGC"), today announced that it has entered into an agreement with famous Chinese Internet company NetEase, Inc. ("NetEase", NASDAQ: NTES) to be the video hosting provider for its microblog business.
Pursuant to the agreement, Ku6 will provide technology support to video related activities on NetEase microblog platform, including video uploading and sharing. Meanwhile, NetEase microblog users will be given access to Ku6 Media video contents via embedded Ku6 Media video players.
"We are very pleased with our cooperation with NetEase," commented by Mr. Jeff Shi, Chief Executive Officer of Ku6 Media. "NetEase microblog is a renowned SNS platform in China, which is a great complement to our video online platform. It helps present Ku6 Media's unique original video contents to more and more Internet users. Bringing better video experiences and more joy to all Internet users is always our goal."
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (Nasdaq: KUTV) is a leading internet video company in China, focusing on User Generated Content (UGC). Through its premier online brand and online video website, www.ku6.com, Ku6 Media provides online video uploading and sharing service, video reports, information and entertainment in China. For more information about Ku6 Media, please visit http://ir.ku6.com.
About NetEase, Inc. (www.163.com)
NetEase, Inc., is a leading China-based Internet technology company that serves hundreds of millions of users by providing a huge amount of valuable information.
According to the global Internet traffic report released by Doubleclick in 2010, NetEase ranks 15th worldwide in website traffic, which makes it the leading portal website in China.
Furthermore, NetEase ranked first in homepage traffic and coverage rate according to statistics released by IUserTracker.
Safe Harbor Statement
This news release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "believes," "could," "expects," "may," "might," "should," "will," or "would," and by similar statements. Forward-looking statements are not historical facts, but instead represent only the Company's beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of its control. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Some of the risks and important factors that could affect the Company's future results and financial condition include: continued competitive pressures in China's internet video portal market; changes in technology and consumer demand in this market; the risk that Ku6 Media may not be able to control its expenses in the future; regulatory changes in China with respect to the operations of internet video portal websites; the success of Ku6 Media's ability to sell advertising and other services on its websites; and other risks outlined in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 20-F. Ku6 Media does not undertake any obligation to update this forward-looking information, except as required under law.
SOURCE Ku6 Media Co., Ltd.