Exhibit 4.33

English Translation

Business Operation Agreement

This Business Operation Agreement (hereinafter referred to as this agreement) was signed on December 14, 2011 by and among the
following parties (hereinafter referred to as Parties)

Party A: Kusheng (Tianjin) Technology Co., Ltd.

Address: Room 201-243, Floor 2, District B1, Animation Building, No.126, Animation Middle Road, Eco City, Tianjin, PRC.

Party B: Tianjin Ku6 Network Communication Technology Co., Ltd.

Address: Room 201-369, Floor 2, District B1, Animation Building, No.126, Animation Middle Road, Eco City, Tianjin, PRC

Party C: Dongxu Wang

ID Number: 31022619751124032

Address: Room 301, Shangcheng Road 1025-6, Pudong Xinqu, Shanghai

Party D: Qing Zhang

ID Number: 310113197711284110

Address: Room 1602, No.6 Lane, Quwo Road 373, Zhabei qu, Shanghai

Whereas:



|1. | Party A is a wholly foreign-owned enterprise established and duly organized under the laws of and registered within the territory of Peoples Republic of China
(PRC);
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|2. | Party B is a limited liability company found and registered in PRC;
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|3. | Party A and Party B have established business relationship through agreements as Exclusive Consultancy and Service Agreement. Party B pays Party A all kinds of payments
under those agreements. Thus, the daily operation of Party B shall substantially impact Party A on its payments ability;
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|4. | Party C and Party D are the shareholders of Party B (hereinafter referred to as Shareholder).
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Therefore, through friendly negotiation, based on the principle of equality and mutual benefit, the Parties conclude the following agreement for
abidance:



|1. | Negative Covenants
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| | For the purpose of ensuring that Party B performs all the agreements entered with Party A and undertakes all the obligations assumed to Party A, the Shareholder hereby
confirms and agrees, unless the prior written consent by Party A or other party designated by Party A is obtained, Party B shall not undertake any transaction which may substantially affect the asset, business, personnel, obligation, rights or
operated by the company, including but not limited to:
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| | 1.1 | Any activity exceeds the normal business scope of the company or unusual ways of operation compared with the past;
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| | 1.2 | Ask a loan from any third party or assume any debt;
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| | 1.3 | Change or dismiss any director of the company or discharge any senior manager of the company;
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| | 1.4 | Sell to or acquire from any third party or dispose in other ways any asset or rights beyond the amount of RMB 1 million, including but not limited to intellectual
properties;
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| | 1.5 | Provide guarantees to any third party by using asset or intellectual property right or provide any other kind of guarantee or dispose any other rights pledge in the
company asset;
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| | 1.6 | Amend the articles of association or change the scope of business of the company;
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| | 1.7 | Change the regular operation process of the company or amend any material internal regulations of the company;
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| | 1.8 | Transfer the rights and obligations under this agreement to any other party;
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| | 1.9 | Make material adjustment to its business mode, marketing strategy, management policy or client relationship.
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| | 1.10 | Distribute bonus, dividend in any form.
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|2. | Operating Management and Personnel Arrangement
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| | 2.1 | Party B and Shareholder hereby agree to accept the suggestions from Party A from time to time in connection with engaging and dismissing of company personnel, daily
operation management and financial management system, and strictly implement.
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| | 2.2 | Party B and the Shareholder hereby agree, the Shareholder shall elect the person designated by Party A to be the director of Party B in accordance with laws and
regulations and the articles of association of the company, and cause the elected director to elect the chairman of the board subject to the person recommended by Party A, and appoint the persons designated by Party A as the general manager, chief
financial operator or other senior managers.
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| | 2.3 | In the event the director or senior manager designated by Party A leaves Party A, whatever resigned voluntarily or dismissed by Party A, who shall also lose the
qualification of holding a post in Party B at the same time. Furthermore, the Shareholder shall dismiss the aforesaid person from Party B promptly and elect and engage another person designated by Party A to hold the said post.
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| | 2.4 | For the purpose of article 2.3 above, the Shareholder shall take all the necessary interior and exterior procedure of the company to fulfill the dismissing and
engagement process in accordance with laws, the articles of association of the company and provisions under this agreement.
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| | 2.5 | The Shareholder hereby agrees, together with this agreement, to sign the written authorization annexed to this agreement. Pursuant to the written authorization, the
Shareholder shall authorize irrevocably Party A to exercise the rights on behalf of the Shareholder, and exercise all the shareholders voting rights the Shareholder enjoys in the name of the Shareholder at Party Bs shareholder meetings.
Party A has rights to appoint specially designated person to exercise shareholder rights within the authorization period.
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|3. | Miscellaneous
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| | If any agreement between Party A and Party B terminates or expires, Party A has the right to determine whether to terminate all the agreements between Party A and Party
B, including but not limited to Exclusive Consultancy and Service Agreement.
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|4. | Entire Agreement and Agreement Amendment
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| | 4.1 | This agreement and agreements and/or documents as mentioned or contained expressly herein contain their entire agreement with respect to the subject matter of the
agreement, and supersede all prior oral and written agreements, contracts, understandings or communications among parties.
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| | 4.2 | Only when the written agreement duly executed by the parties can any amendment to this agreement comes into effective. The amendment agreement and supplemental
agreement related to this agreement form a part hereof this agreement and shall have the same legal binding effect.
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|5. | Governing Law
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| | The execution, validity, performance, interpretation and dispute settlement of this agreement shall be governed by the law of the Peoples Republic of China.
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|6. | Dispute Settlement
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| | 6.1 | Any dispute of interpretation and performance of provisions arising in connection with this agreement that cannot be amicably resolved shall be submitted to the China
International Economic and Trade Arbitration Commission (Beijing Branch) for arbitration in accordance with its arbitration rules then in effect. The language shall be Chinese. The decision of the arbitrator shall be final and binding on both
parties.
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| | 6.2 | Except the matters in dispute, parties shall continue to perform its obligations subject to the provisions under this agreement in good faith.
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|7. | Notice
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| | 7.1 | Any notice to be given in connection with performing the rights and obligations under this agreement shall be in written, and delivered to the address of the respective
party or parties by depositing such notice in the personal delivery, registered post, prepaid mail, recognized express service, or fax.
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| | 7.2 | Notice or letter deems to be arrived as follows:
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| | 7.2.1 | If in the way of fax, the date indicated in the fax is the arriving date, however, if the fax is arrived at later than 5 p.m. or non working day for the arrived place,
the next working day of the date indicated in the fax shall be the arriving date.
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| | 7.2.2 | If in the way of personal delivery (including express delivery), the signing date of receiving is the arriving date;
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| | 7.2.3 | If in the way of certified mail, the fifteenth day after the date on the return receipt of the certified mail is the arriving date.
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|8. | Effectiveness, Term or Others
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| | 8.1 | The written consent, suggestion, appointment with respect to Party A of this agreement or other decisions may materially affected Party Bs daily operation shall
be made by the boards of Party A.
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| | 8.2 | This agreement has been executed by the parties hereto and came into effective as of the date first set forth written. The valid term of this agreement is 20 years,
calculated from the effective date, unless Party A prior terminates this agreement. Before this agreement expires, as requested by Party A, the parties shall extend the term of this agreement per Party As request, and separately execute a new
business operation agreement or continue to perform this agreement at Party As request.
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| | 8.3 | Within the valid term of this agreement, Party B and the Shareholder shall not prior terminate this agreement. Party A has right to terminate this agreement by a prior
30 days written notice sent to Party B and the Shareholder in any time.
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| | 8.4 | Each party hereby confirms that this agreement is a fair and reasonable agreement executed on the basis of equality and mutual benefit. If any provision or provisions
deem to be illegal or unenforceable, the provision shall deem to be deleted from this agreement and invalid. However, other provisions remain valid, and the said provision shall deem to be not included in this agreement from the beginning. Each
party shall negotiate and choose an acceptable, valid and effective provision to supersede the said deleted provision.
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| | 8.5 | Any failure by either party to exercise any right, power or privilege of this agreement shall not constitute a waiver. Any sole or partial exercise of any right, power
or privilege herein shall not exclude the exercise of any other right, power or privilege.
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| | 8.6 | Party C and Party D hereby promise, whatever the share proportion of Party C and Party D holds in Party B, the provisions of this agreement have legal binding effect to
Party C and Party D, and this agreement shall applicable for all the shares party C and Party D hold on the occasion.
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IN
WITNESS WHEREOF, the parties hereto have executed this agreement as of the date first set forth written.

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page intentionally left blank]



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Party A: Kusheng (Tianjin) Technology Co., Ltd.

(Company Seal) [seal]

Date: December14, 2011

Party B: Tianjin Ku6 Network Communication Technology Co., Ltd.

(Company seal) [seal]

Date: December14, 2011

Party C: Dongxu Wang (signature)

/s/ Dongxu
Wang

Date: December14, 2011

Party
D: Qing Zhang (signature)

/s/ Qing Zhang

Date: December14, 2011