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.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.