According to No. 1 Finance Daily, about ten companies are going to obtain this license, of which three are privately-run online video service providers and the rest have state-ownership backgrounds.

The new license winners, including joy.cn and 51tv.net, are all be engaged in video program ordering services. As such websites as Tudou.com that deal with online video uploading and sharing don’t fall into the category, they will apparently not be issued such a license.

China’s online video license is formally known as the License for the Transmission of Audio and Video Program Through the Information Network.

Source : Chinatechnews