Cloud storage Yunpan 360 will be closed in 2017

Yunpan 360 is a cloud storage providing users with 100TB of space on a cloud disk at the very beginning of its work. Gradually, only 36Tb were given to new users. Today it is 3.6 TB. It was very attractive to have such a repository.
But when it all ends ...

Today I downloaded the official client due to problems with the Russified client and received a notification in Chinese, after which a page with full text in Chinese opened.

Having translated it into English in Google translator, it became clear to me that the owner is going to close the service. Confirmation was found in the English-speaking Internet sector:

• "360 cloud disk is closed in February 1, 2017, with immediate effect for membership refunds" .
• "360 cloud disk also has been announced, the next is Baidu, right?"

The main meaning of the statement of October 20, 2016
The service will be phased out and then disabled. On November 1, server upload and other data recording features will be disabled. Users must retrieve their data from servers before January 31, 2017. On February 1, 2017, accounts and data from servers will be deleted. Paid account users will be refunded.
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Cause
A large amount of illegal content on the servers with which the company is tired to fight.