Exhibit 4.31

English Translation

Loan Agreement

This loan agreement (hereinafter referred to as this Contract) is made and entered into by and between the following parties on December 14,
2011 in Beijing, China.



|(1) | Kusheng (Tianjin) Technology Co., Ltd. (hereinafter referred to as the Lender), a company incorporated and existing under the laws of the Peoples Republic
of China (hereinafter referred to asChina) with its registered address at Room 201-243, Floor 2, District B1, Animation Building, No.126, Animation Middle Road, Eco City, Tianjin, PRC.
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|(2) | Qing Zhang (hereinafter referred to as theBorrower), a Chinese national with his ID number being 310113197711284110 and address Room 1602, No. 6 Lane Qu Wo
Road 373 Zhabei District, Shanghai.
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The Lender and the Borrower are respectively referred to as One Party and collectively
referred to as the Parties.

Whereas:



|1. | The Borrower borrows RMB One Million (1,000,000) from the Lender to fund the capital contribution for his Ten percent (10%) of the equity interest
(hereinafter referred to as the Borrowers Equity Interest) in Tianjin Ku6 Network Communication Technology Co., Ltd. (hereinafter referred to as the Borrowers Company);
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|2. | The Borrowers Company is a limited liability company registered in Tianjin, China, whose registered capital is RMB Ten million (10,000,000).
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The Parties agree as follows through friendly consultation:



|1. | The Loan
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|1.1. | In accordance with the provisions of this Contract, the Lender agrees to make to the Borrower an interest-free loan in an aggregate amount of RMB One Million
(1,000,000) (hereinafter referred to as the Loan). The term of the loan is Twenty (20) years as of execution date hereof, which can be extended by a written consent of the Parties. During the term or the extended term of the Loan,
once the following conditions occur, the Borrower shall repay the Loan in advance immediately:
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| | 1.1.1. | The term of Thirty (30) days after the Borrower receives the Lenders written notice for repaying the Load expires;
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| | 1.1.2. | The Borrower is dead, of civil disability or limited civil capability;
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| | 1.1.3. | The Borrower has no longer worked for the Lender, the Borrowers Company or its related companies due to any reasons;
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| | 1.1.4. | The Borrower commits crimes or is involved with crime activities;
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| | 1.1.5. | The Borrower is claimed compensation by any third party for more than RMB Five Hundred Thousand (500,000); or
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| | 1.1.6. | In accordance with the applicable laws of China, foreign investors is permitted to control stake of or invest into as a sole investor the value-added telecommunications
service and/or other services of the Borrowers Company, and the relevant Chinese competent government departments start to accept and approve this kind of investment and the Lender decides to exercise its exclusive option as provided by the
Exclusive Option Contract (hereinafter referred to as Exclusive Option Agreement) in accordance with this Contract.
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|1.2. | On the condition that the prerequisites provided in Article 2 hereof are all satisfied, the Lender agrees to remit the whole Loan to the account appointed by the
Borrower within Twenty (20) days from the date of receiving the Borrowers written notice saying in need to use the Loan. The Borrower shall issue confirmation as of receiving the Loan to the Lender on the same day. The Loan herein only
applies to the Borrower in person and does not apply to his successor or assignee.
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|1.3. | The Borrower agrees to accept the above Loan provided by the Lender and hereby agrees and covenants that the Loan will be used to fund the Borrowers Company so as
to develop its services. Unless the Lenders written consent in advance otherwise provided, the Borrower shall not use the above Loan for any other purposes.
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|1.4. | The Lender and the Borrower hereby agree and confirm that the Borrowers repayment method is only subject to the Lenders discretion and may be as follows: in
accordance with the Exclusive Option Contract, the Lender may purchase the Borrowers equity interest; the Borrower may deliver its whole equity interest to the Lender or the person (natural or legal person) appointed by the Lender.
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|1.5. | The Lender and the Borrower hereby agree and confirm that any profits obtained by the Borrower through transferring the Borrowers equity interest to the permitted
extent) shall be all used to repay the Loan in accordance with this Contract and in the payment method appointed by the Lender.
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|1.6. | The Lender and the Borrower hereby agree and confirm that, subject to applicable laws, the Lender is entitled to but not obligated to purchase or appoint others
(natural or legal person) to purchase part or the entire Borrowers Equity Interest with the price as provided in the Exclusive Option Contract at any time.
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|2. | The Prerequisite of the Loan
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Where the
following conditions are all satisfied or is waived by the Lender in writing, the Lender is obligated to provide the Loan to the Borrower in accordance with Article 1.1.



|2.1. | The Lender receives the deposit notice signed by the Borrower officially on time in accordance with Article 1.2.
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|2.2. | The Borrowers Company and the Lender or the person (natural or legal person) appointed by the Lender agree to execute an Exclusive Business Cooperation Agreement
on December 14, 2011.
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|2.3. | The Borrower, the Borrowers Company and the Lender execute the Pledge Contract of Equity Interest on [December 14], 2011.
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|2.4. | The Borrower, the Lender and the Borrowers Company execute the Contract of Exclusive Purchasing Right on [December 14], 2011.
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|2.5. | The above Equity Pledge Agreement, Exclusive Option Contract and Exclusive Business Cooperation Agreement have the complete legal effects and prevent from the event of
beaching the contract or impediment once they are executed.
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|2.6. | The Borrowers representation and warranty under Article 3.2 are real, complete, correct and without misleading.
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|2.7. | The Borrower does not break any promises under Article 4 herein and the event that may prevent the Borrower performing the obligation hereunder does not occur or
predict to occur.
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|3. | The Representations and the Warranties
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|3.1. | From the date of the Loan to the termination of this Contract, the Lender makes the following representations and the warranties to the Borrower:
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| | 3.1.1. | The Lender is a company legally incorporated and existing under the laws of the Peoples Republic of China;
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| | 3.1.2. | The Lender has the right to execute and perform this Contract. The execution and performance of this Contract is in accordance with the Lenders scope of business,
articles of association of the Lenders company or other institutional documents. The Lender has got the necessary and proper authority and approval in respect of the execution and performance;
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| | 3.1.3. | This Contact constitutes the legal and effective obligation to the Lender once being executed, which can be enforced in accordance with the law.
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|3.2. | From the date of the Loan to the termination of this Contract, the Borrower makes the following representations and warranties:
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| | 3.2.1. | The Lender is entitled to execute and perform this Contract and has obtained the necessary and proper authority and approval in respect of the execution and performance
of this Contract;
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| | 3.2.2. | This Contact constitutes the legal and effective obligation to the Borrower once being executed, which can be enforced in accordance with the law;
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| | 3.2.3. | Neither any disputes, litigations, arbitrations, administrative procedures or any other legal procedures relevant to the Borrower exist, nor do any potential disputes,
litigations, arbitrations, administrative procedures or any other legal procedures are concerning with the Borrower.
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|4. | The Borrowers Covenants
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|4.1. | During the effective term of this Contract, as the shareholder of the Borrowers Company, the Borrower shall irrevocably promise to cause the Borrowers
Company to:
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| | 4.1.1. | Abide by all the provisions of the Contract of Exclusive Purchasing Right and the Cooperation Agreement of Exclusive Service strictly and not to take any action or
nonfeasance which can affect the above two contracts effect and enforceability;
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| | 4.1.2. | Responding to the Lenders (or the party appointed by the Lender) request, execute the contract/agreement of service cooperation with the Lender (or the party
appointed by the Lender) at any time and make sure the strict performance of this contract/performance;
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| | 4.1.3. | Responding to the Lenders request, provide the Lender the Borrowers all information of management and financial conditions;
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| | 4.1.4. | Inform the Lender of the upcoming or possible litigations, arbitrations or administrative procedures relevant to the Borrowers asset, services and incomes;
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| | 4.1.5. | Responding to the Lenders request, appoint any person named by the Lender to be the director of the Borrowers Company;
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|4.2. | During the effective term of this Contract, the Borrower shall:
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| | 4.2.1. | Make its great effort to make the Borrowers Company continue to engaging in the current business operation;
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| | 4.2.2. | Abide by all the provisions of this Contract, the Power of Proxy, the Equity Pledge Agreement and the Exclusive Option Agreement strictly, perform all the obligations
under the above contracts and Power of Proxy, and not to take any action or nonfeasance which can affect the above contracts and Power of Proxy effect and enforceability;
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| | 4.2.3. | Unless the Equity Pledge Agreement otherwise provided, not to sell, deliver, mortgage or dispose the Borrowers legal or beneficial equity interest in any other
manners, or permit any other security interest on it.
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| | 4.2.4. | Unless the Lenders consent in advance otherwise provided, cause the board of shareholders and/or board of directors of the Borrowers Company not to approve
to sell, deliver, mortgage or dispose the Borrower legal or beneficial equity interest in any other manners, or set any other security interest on it, unless the disposition is made for benefit of the Lender or the person designated by the
Lender;
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| | 4.2.5. | Unless the Lenders consent in advance otherwise provided, cause the board of shareholders and/or board of directors of the Borrowers Company not to approve
to merge or combine with any person, or acquire any person or invest into any person;
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| | 4.2.6. | Inform the Lender of the upcoming or possible litigations, arbitrations or administrative procedures;
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| | 4.2.7. | To maintain the ownership of the Borrowers Equity Interest, execute all the necessary or proper documents, take all the necessary or proper actions, and provide
all the necessary or proper claims or defense all the claim of compensation necessarily and properly;
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| | 4.2.8. | Without the Lenders written consent in advance, the Borrower shall not take any action or nonfeasance which may affect the Borrowers Companys assets,
services and responsibilities;
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| | 4.2.9. | Responding to the Lenders request, appoint any person designated by the Lender to the director of the Borrowers Company;
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| | 4.2.10. | Subject to the law of China, when and if the Lender requests at any time, deliver the Borrowers equity interest to the Lender or the representatives appointed by
the Lender at any time without any conditions, and cause the other shareholders of the Borrowers Company to waive the preferential right of purchase in the delivery of the equity interest herein;
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| | 4.2.11. | Under the condition that the law of China permits, where the Lender requests at any time, shall cause the other shareholders of the Borrowers Company to deliver
their whole equity interest to the Lender or the representatives appointed by the Lender at any time without any conditions, and the Borrower waive the preferential right of purchase in the delivery of the equity interest herein;
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| | 4.2.12. | Where the Lender purchase the Borrowers equity interest in accordance with the Exclusive Option Agreement, the Borrower shall use all the gains to repay the Loan
preferentially; and
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| | 4.2.13. | Without the Lenders written consent in advance, not supply, modify or amend the articles of association in any forms, increase or reduce the registered capital or
change the structure of capital stock in any forms.
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|5. | Liability for Breach of Contract
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|5.1. | In case any Party breaches this Contract and fail to perform the partial or the whole contract, shall take the liability for breach of contract and compensate for the
loss of the other party (including the resulting lawsuit fee and lawyer fee). If the Parties both breach the contract, each shall take its respective liabilities in accordance with the actual situation.
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|5.2. | Where the Borrower fails to perform the repayment obligation in the provided term herein, the Borrower shall pay for the overdue interest equal to 0.01% of the unpaid
loan multiplying days actually lapsed, till the Borrower repays the entire loan, overdue interest and other fees.
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|6. | Notice
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|6.1. | All the notices and other communication requested or sent hereunder shall be delivered by specially-assigned person, registered posted, postage paid, commercial
expressed or faxed to the following address. Every notice shall also be sent by E-mail. The date of effective delivery of this notice is confirmed in the following methods:
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| | 6.1.1. | If the notice is delivered by specially-assigned person, registered posted, postage paid or expressed, the date of sending is the date of effective delivery.
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| | 6.1.2. | If the notice is delivered by fax, the date of sending successfully is the date of effective delivery (it shall be proved by the automatic sending written
confirmation).
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|6.2. | For the purpose of noticing, the addresses of the Parties are as follows:
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Lender: Kusheng (Tianjin) Technology Co., Ltd.

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

Recipient: Haifa Zhu

Phone: 010-57586666

Borrower: Qing Zhang

Address: Building 6, Zhentong Chuang Yi Center, No. 18
Xibahe, Xili, Chaoyang District, Beijing

Phone: 010-57586666



|6.3. | Any party may notice the other party of changing the address receiving the notice in accordance with this provision.
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|7. | Liability of Confidentiality
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Parties
hereof agree and confirm that any oral or written information relevant to this Contract, the content of this contract and exchanging for the purpose of preparing and performing this contract shall be deemed to be Confidential Information. The
parties shall keep confidentiality to all this information and shall not disclosed to any third party without the other partys written consent, except for the following information: (a)any information known or will be known by the public
(excluding the Confidential Information disclosed to the public by the receiving party without authorization);(b) any information disclosed in accordance with laws and regulations, the rules and regulations of stock exchange, or orders of
governmental departments or the court; or (c) any information necessarily disclosed by one party in respect of the transaction herein to the shareholders, investors, legal or financial consultant, who shall also perform the liability of
confidentiality similar hereto. Where any employee or employed institution of any party discloses the Confidential Information, the party shall take the liability of confidentiality. This article is valid no matter this contract is terminated for
any reason.



|8. | Legal Application and Dispute Resolution
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|8.1. | The execution, effect, interpretation, performance, amendment, termination and dispute resolutions shall be subject to the Laws of the Peoples Republic of China.
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|8.2. | All disputes arising from, out of or in connection with interpretation and performing this Contract, shall be settled through friendly consultation between the Parties.
In case no consensus can be reached through consultation within thirty (30) days after a Party notifies the other Parties in writing of the consultation, each Party may refer the dispute to be resolved by arbitration at the China International
Economic and Trade Arbitration Commission pursuant to its arbitration rules then in force. The arbitration place is Beijing and the language is Chinese. The arbitral award shall be final and binding on the Parties.
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|8.3. | When any dispute arising from the interpretation and performing this Contract or any dispute is under arbitration, the Parties shall continue to perform their other
rights and obligations hereunder except for the disputed matters.
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|9. | Miscellaneous
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|9.1. | This Contract shall come into effect from the date of the execution by the Parties and expire till the date of completing their respective obligation.
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|9.2. | This contract is written in Chinese and in two (2) originals, one (1) for the Lender and one (1) for the Borrower, which have the same effectiveness.
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|9.3. | The Parties of this Contract may be amended and supplied through written agreement. The amendment agreement and/or supplementary agreement are indivisible parts of this
Contract and have the same legal effectiveness hereto.
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|9.4. | If one or more provisions of this Contract are held to be invalid, illegal or unenforceable, then the remaining provisions of this contract shall not affected or
damaged in the validity, legality or enforceability. The Parties shall use sincere consultation to replace the invalid, illegal or unenforceable provisions by a valid and enforceable substitute provision within the maximum limitation expected by the
Parties or permitted by the law, the effect of which is as close as possible to the intended effect of the invalid, illegal or unenforceable provision.
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|9.5. | The attachment hereof (if any) is the indivisible parts of this Contract and has the same legal effectiveness hereto.
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In Witness Whereof, this Contract is executed by the authorized representatives of the Parties and comes into force immediately on the date showed in the
beginning.

Lender: Kusheng (Tianjin) Technology Co., Ltd.

(Company Seal) [seal]

Borrower: Qing Zhang

Signature: /s/ Qing Zhang