Quick Take: Court Upholds Infringement Award Against Market Data Provider

Photo: IC
Photo: IC

A Shanghai court has upheld a 3.35 million-yuan ($506,000) infringement award against a major real-time market information provider in China.

However, the court did not say whether Zhejiang Hithink Flush Information Network Co. Ltd. had to discontinue using the software that was the center of the lawsuit.

Zhejiang Hithink was sued by larger rival Wind Information Technology Co. Ltd. in 2012. Widely known as China’s equivalent of Bloomberg, Wind Information claimed that Zhejiang Hithink was imitating its product, and that Zhejiang Hithink had to stop using the iFinD software that Wind said was essentially a copy of Wind’s operating software.

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