In the midst of a flagging economy, it seems business is booming for the Visual China Group. Bill Gates announced on Friday that he’s sold the assets of Corbis Images to the group’s division Unity Glory, which means that a treasure trove of more than 200 million historic news, documentary and artistic images are now all under Chinese ownership.
Significantly, the gallery includes some politically sensitive content pertaining to China’s own history, including infamous images of a particular event in 1989 that are typically subject to the country’s law of “see no evil, speak no evil.”
Not sure what those Tank Man pictures look like? There you go, courtesy of China.
However, there’s apparently no need for concern about that censorship being extended globally, as the Visual China Group has already announced a deal with Getty Images for global distribution of the Corbis images — sans the mainland, naturally.
Founded in 2000, the Group currently enjoys a market cap of 20.2 billion yuan, and this latest acquisition seems set to only heighten their status.
“The transaction strengthens our dominant position in China’s image industry, enhances our core competence in the global high-end image market, and marks a significant milestone on our journey of globalisation,” declared CEO Amy Jun Liang.