On February 26, 2018, Visual China Group (VCG) announced that it has acquired 100% of 500px, Inc. (500px) shares through its wholly-owned subsidiary, VCG Hong Kong LTD.
As a result of this acquisition, 500px will improve its service to both its community members and international brand enterprises by leveraging VCG's years of online operational experience, technology expertise, client resources, and deep global partnerships.
500px is a Toronto-based company that is a leading online photography community and marketplace, with more than over 120 million unique images and 13 million professional and hobbyist photographers from over 195 countries and regions.
VCG is a leading visual content and integrated marketing solution provider and is among the top image licensing companies in the world.
Osler, Hoskin and Harcourt LLP represented 500px as Canadian counsel with a team consisting of Chad Bayne and Justin Dharamdial (Corporate).