Ku6 CEO quit due to dispute with Shanda

Li Shanyou quitted his position as CEO of Ku6 because he disagreed with Shanda’s CEO, Tianqiao Chen, over strategic direction of the online video site.

(Here is an article about it in local news: http://tech.sina.com.cn/i/2011-03-11/18455275357.shtml)

Li found Ku6 in 2006.  Before that, he worked for Motorola, Alcoa Group, Bausch & Lomb, Sohu, and so on.  Ku6 is one of the leading online video site in China, together with Youku, Tudou, 56.com, etc.  But, the market consolidated in 2007-08, with Youku and Tudou emerging as the winners.  Unlikely to going IPO on its own, Ku6 was sold to Shanda for about US$37 million in 2010.

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