CAIXIN MEDIA CO LTD, a Chinese financial media company, announced on Monday that it will introduce a paywall model to protect its digital content from copyright violations. Southern Metropolis Daily commented on Wednesday:
Caixin's seemingly aggressive move to build a paywall has not come out of the blue. Unlike many of its domestic rivals, the financial media company has always been a bulwark against copyright infringements by exposing them on a regular basis.
It may be just a matter of time before it decides to make its digital content available only via paid subscription.
As opposed to many traditional newspapers and news agencies that have introduced paywalls for their digitized content, internet-based media outlets such as The Huffington Post and Business Insider often grant users free access. Chinese readers, too, have taken free online news for granted since the emergence of news websites in the late 1990s.