Baidu Inc.’s settlement with record companies this year was rewarded by the U.S. government’s decision to remove it from a list of “notorious markets” that help sustain piracy and counterfeiting of intellectual property.
Baidu, China’s biggest Internet search engine, agreed in July withUniversal Music Group, Warner Music Group Corp. (WMG) and Sony Corp. (6758) to pay owners of copyrighted material on a social- music platform, a deal cited by the U.S. Trade Representative yesterday in its report.
Full Story: Baidu Removed From U.S. Piracy List of ‘Notorious Markets’