Several fund companies downgraded visual Chinese valuation to give up to two drop stops

 Several fund companies downgraded visual Chinese valuation to give up to two drop stops

Visual copyright incidents in China are still fermenting, and a series of reactions, such as CCTV commentary, big V voice, industry explosion, attract attention. Meanwhile, the valuation prices of Bank of China, Finance and Communications Fund and Boshi Fund for Visual China have been reduced to 2.041 billion yuan.


The founder responded

Problems in auditing the copyright of pictures

The copyright issue of visual Chinese pictures is still fermenting. On the evening of April 12, Pan Shiyifa, chairman of SOHO China, microblogged that he had received a call from Visual China in 2017 saying that the photos of Wangjing SOHO had been infringed after many enterprises and institutions reported that their trademarks, logos and appearance had been copyrighted by Visual China. Pan Shiyi said in his microblog, Wangjing SOHO was built by us, and the photographer was invited by us. We told Visual China that there was no follow-up. At that time, we even suspected that the photographer had contributed more than one manuscript. Now it seems that the photographer was wronged. Once again, many of our photos have been marked with visual Chinese symbols.

British billiards emperor Henry also tweeted last night that Visual China dont make money with my face and said he would sue Visual China.

On the evening of April 12, CCTV News made a special report on and severely criticized the issue of illegal copyright in visual China, which quickly attracted market attention.

According to CCTV commentary, Visual China makes legal affairs into sales, violating the legitimate rights and interests of the originator and blackmailing users. It has suffered not only the originator but also the user, so it has a sentence on the internet: China has suffered for a long time... Healthy and benign copyright market is bound to stimulate the enthusiasm of the original creators, and is bound to be a market that does not give visual Chinese any survival opportunities.

On the afternoon of April 13, Chai Jijun, founder and director of Visual China, responded to the recent copyright storm to media reporters. Chai Jijun admitted that there were problems in the inspection of the photos uploaded by the contracted photographers in Visual China, and he is now carefully analyzing the rectification. Chai Jijun said that there must be some problems in the inspection of photos uploaded by photographers by Visual China.

Aiming at the details of the rectification and when to reopen the Visual China website, Chai Jijun said that he would disclose it uniformly according to the requirements of the exchange.

Knock out

Problems with the copyright of the gallery

Need a photographer to carry his own pot?

In the April 11 apology letter, Visual China acknowledged that the pictures provided by the contracted contributors did not fulfil the duty of strict auditing. Some contracted photographers believe that visual China only recognizes people, but does not recognize pictures is the cause of the problem picture. There are problems and flaws, indicating that the work is not enough, for us, because it is a platform, or due diligence. Chai Jijun said.

Chai Jijuns words are true. Because on April 12, Wechat Public, a video service provider, released Simple Photographer Friends: Visual China is not as innocent as you think as evidence.

According to the article, PRphoto was commissioned by a car company to shoot a new car conference last year. The live pictures were sent to several media for use by the car company as publishing pictures. Subsequently, one of the automotive media received a letter from a lawyer from Visual China, claiming that the copyright of these photos was in the hands of Visual China, which infringed on the automotive media. At that time, the car company suspected that PRphoto uploaded the picture to Visual China, and eventually found that a media reporter uploaded the car companys public relations picture to Visual China. Visual China, when it gets the pictures, feels that they have acquired the copyright of these pictures, and begins to inform other self-Media publishers of news releases.

In the companys e-mail correspondence with Visual China, Visual Chinas legal officers claimed that they owned the copyright of the above photos, but the so-called evidence presented was nothing more than a computer screen remake and a detailed screenshot of the pictures. Finally, Chai Jijun, founder of Visual China, sent an email to the company to solve the problem. The solution is: the photographer immediately cancels the contract and the picture goes offline; sends the photographers information to the same Gallery colleagues; and further verifies the loss and related compensation.

In the article, Visual China stated in its contract with the photographer that the photographer had to solve the copyright problem of the picture by himself.


Several fund companies downgraded their valuations

There are two more stop-boards

In terms of stock prices, following the drop on Friday, many fund companies, such as Bank of China, Finance, and Bosch, have downgraded their visual China valuation, giving up to two stop-fall valuations, but no brokerage has downgraded their ratings.

On April 12, Visual China dropped to a halt, with 496,100 handbags remaining at the close. For investors who hold visual China, more attention is paid to when to open the stop and fall. So far, a number of fund companies have downgraded their visual China valuation, giving up to two stop-and-fall valuations.

On the evening of April 12, Bank of China Fund Management Co., Ltd. announced that since April 12, 2019, the valuation of some of its funds (excluding ETF funds) held by the stock visual China (000681) has been adjusted, with the valuation price adjusted to 20.41 yuan. On April 12, the closing price of Visual China was 25.20 yuan, and the Bank of China Funds valuation of Visual China still fell two times compared with the current price. In addition to the Bank of China Fund, the valuation price has been adjusted to 2.041 billion yuan, including the Finance and Communications Fund and Boshi Fund.

Some insiders said that strengthening copyright protection is still the trend of the times. Visual China needs to improve and optimize its business model in the future in order to give investors more confidence.

Source: Yang Qiang_N6027, Responsible Editor of Beiqing Net-Beijing Youth Daily