sought a legal perspective...
Which is probably the actual reason. After all, most of the content can easily be argued to be illegal, with few people willing to defend it (few people with a brain or career that is)
These kind of hosting companies really on get away with it on the sufferance of their Governments, go to close to the bone and they may go far enough to force the daily mails of the world to start shouting, which leads to legislation.
I don't know,I may be doing the CEO of this company a disservice, but he doesn't seem to give a rats arse for the content on the other sites that give him money.
Then again, this reads like I am against the service he provides, I am not, and I am fully aware that the West is as highly censored as China in many aspects, its just we don't want to see it.