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Strategies & Market Trends : Greater China Stocks
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From: Sam4/13/2015 12:26:35 PM
   of 8334
 
Sina -6.4%, Weibo -2.1% after Beijing makes shutdown threat • 11:39 AM


Eric Jhonsa, SA News Editor
  • The Chinese government has threatened to shut down SINA's portal unless it "improves censorship," state-owned Xinhua reports.
  • The portal is declared by Internet regulator CAC to have "distorted news facts, violated morality and engaged in media hype." In a likely reference to Weibo's (NASDAQ: WB) microblogging platform, CAC adds "censorship of user accounts has been poor."
  • Sina and Weibo have often sparked the ire of government censors in recent years. Weibo (along with peers) began requiring users to register with their real names a couple years ago, following government pressure.
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