NetEase purchases London 2012 Olympics copyright from CNTV

NetEase Inc.(NASDAQ:NTES), a Chinese company engaging in online games, internet portals and wireless value-added services businesses, announced on June 25 that it had signed a strategic partnership agreement with China Network Television, a national web-based TV broadcaster.
According to the news release, users can go to the website of NetEase to watch the opening and closing ceremony of the London 2012 Olympics as well as all kinds of games from July 27 to August 13.
Netease launched its proposal for London 2012 Olympics on Feb. 21. The portal department of the company is in charge of organizing a special action force consisting of no less than 50 journalists and 500 editors to file the reports and interviews.
Chinahad 250 million internet users 4 years ago and the number has surpassed 500 million today.
