Chinese cloud storage service 115.com announced yesterday that it would close its public sharing service due to copyright infringement concerns. Founded in 2009, 115 used to be a fully open public file sharing platform. It’s available on Windows, iOS and Android and boasts more than 30 million users as of now.

As for funding, on top of the RMB 70 million invested by the founder Lai Linfeng himself, 115 also raised more than RMB 100 million in Series A round late last year. The service claimed that 1% of its total users are paid subscribers.

More and more cloud storage services stepped their toes into the market, some were backed by big guys like KingSoft, Baidu and even Huawei. For smaller players the competition is getting more and more ferocious.

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com