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Wangsu Science & Technology

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2022

    Wangsu Science & Technology and Baishan Cloud in 'Patent War'; Subsidiary Loses KDDI Arbitration and Must Pay About RMB 30.75 Million

    Wangsu Science & Technology and CDN peer Baishan Cloud filed multiple patent infringement lawsuits against each other; Baishan withdrew two cases after the patents involved were declared invalid, while Wangsu withdrew its other two cases before judgment, and public information showed Baishan Cloud had previously been ordered to pay RMB 20 million. In November 2022, Wangsu announced that its subsidiary had lost an arbitration with KDDI Singapore over an acquisition dispute and must pay about RMB 30.75 million in related costs. In addition, in 2019 Vice President Chu Minjian was warned by the Shanghai Securities Regulatory Bureau and criticized by the Shenzhen Stock Exchange for early reduction of holdings. Status: media reports. Entity involved: Wangsu Science & Technology Co., Ltd. Related scope: Wangsu patent litigation and overseas subsidiary arbitration.

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