Ku6.com’s Vice President Resigns
Han Kun, co-founder and vice president of the Chinese video website Ku6.com, has confirmed to local media that he has resigned his positions in Ku6.com and started a new business in the mobile Internet industry.
Han expressed his appreciation to Zhu Fahai, chief investment officer of Shanda, and Li Shanyou, co-founder of Ku6.com. Han is one of the members of the founding team of Ku6.com and he was responsible for the business development of the company until his resignation.
Han was former general editor of Sohu.com and chief editor of Sohu.com’s entertainment interactive center. In June 2006, He and Li, who was senior vice president and chief editor of Sohu.com, both resigned and established Ku6.com.
In 2011, Ku6.com suffered a series of resignations and layoffs. In March 2011, Li resigned his position as chief executive officer of Ku6.com and six more executives left the company during the following six months.
Founded in 2006, Ku6.com is a Chinese video website based on the user generated content model. It is reportedly the only UGC video website that shares the profits from advertising with users who upload videos. On November 27, 2009, Ku6.com implemented an equity merger with Hurray, a subsidiary of Shanda Interactive Entertainment Limited, which made Ku6.com a wholly-owned subsidiary of Hurray Holding Company Limited.