Baidu, owner of China’s most popular internet-search engine, has ended a six-year dispute over piracy and has agreed to pay record labels to offer songs, Bloomberg reports. Sony, Universal Music and Warner Music will receive undisclosed fees for allowing their content to be downloaded for free to users of Baidu’s Ting and MP3 services, the Chinese company said in a statement. Read more
- •Contact us
- •About us
- •Advertise with the FT
- •Terms & conditions
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.