Visual China fined over false photo copyright claims
SINGAPORE, April 18 (Reuters) - Visual China Group Co Ltd , the largest Chinese stock images provider, said on Thursday that a subsidiary has been fined by internet authorities, days after it falsely claimed copyright of prominent images.
Internet authorities in China'sTianjin city slapped a fine of 300,000 yuan($44,720) on the company for violating the country's cyber security laws, Visual China said in a filing to the Shenzhen stock exchange.
On Friday, Visual China, which partners with U.S. photo agency Getty Images, shut its website and apologised after it falsely claimed copyright of images such as the first photo of a black hole and China's national flag. The news had caused its shares to slump by the maximum 10 percent daily limit.
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