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5fad Shuns Baidu Music Alliance
5Fad, Advertising, BIDU, Baidu, Internet, Media, Search, Wu Duanping
Editorial Summary
Hangzhou-based online digital music provider 5fad.com CEO Wu Duanping said that 5fad will never participate in Baidu's (Nasdaq: BIDU) streaming music service, reports Beijing Times. Baidu has partnered with over 70 music companies for an ad-supported free music streaming service, with revenue shared with music companies. 5fad.com filed a copyright infringement lawsuit against Baidu in the US on June 10, the sixth time the company has sued Baidu.
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