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to address these issues. The next day, VCG stated that it had "taken down all non-compliant photos and closed down the site voluntarily for a revamp in accordance with related laws." The controversy caused its share prices to fall by 10% for three consecutive working days.
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and media agency. Established in 2000, it is a supplier of stock multimedia content to the commercial media industry. VCG is currently the largest stock image and media footage provider in China and third largest in the world.
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and listed it for sale on its website, failing to attribute its source (which had licensed it for free distribution and use under a
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license). The attempt to monetize a historic image meant for public distribution was criticized as being
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to this template: there are already 288 articles in the
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Since 2006, VCG has been the exclusive distributor of
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