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Dec 15, 2021 · The latest punishment on Weibo came just two weeks after Douban, a popular site for reviewing movies, books and music, was fined $236,000 on similar grounds — adding to the $1.4 million in fines ...
Jul 6, 2021 · Nasdaq-listed Weibo Corp's (WB.O) chairman and a Chinese state investor plan to take China's answer to Twitter private, sources told Reuters, sending its shares as much as 50% higher on Tuesday.
- Beijing Drive
- Regulatory Crackdown
- Fierce Competition
Three separate sources with knowledge of the matter told Reuters news the plans stem from Beijing’s drive to have Alibaba Group Holding Ltd and affiliate Ant divest their media holdings to rein in their sway over Chinese public opinion. All the Reuters news sources declined to be named due to confidentiality constraints. Reuters news reported in Fe...
Beijing has looked to rein in Chinese billionaire Jack Ma’s Alibaba business empire by unleashing a series of investigations and new regulations since last year. The crackdown followed Ma’s public criticism of regulators in a speech in October last year and has swept across China’s money-spinning internet sector in recent months. E-commerce giant A...
Weibo has grown at a fast clip since its launch in 2009 in a market where Twitter is blocked by the government. More than 500 million Chinese people use Weibo to opine on everything from Korean soap operas to China’s latest political intrigue. Alibaba acquired an 18 percent stake in Weibo in 2013 via a $586m investment as its first big move into se...
More than a million users took to Sina Weibo to leave messages of support ... app of users writing words on their masks in response to Dr Li's death. ... message China wants to take into 2021, it ...
Dec 14, 2021 · SHANGHAI - Chinese social media platform Weibo Corp has been slapped with a 3 million yuan ($470,000) fine by China's internet regulator for repeatedly publishing illegal information. The ...
Jul 6, 2021 · The group aims to finalise the deal this year, they said. Reuters reported in February that Weibo had hired banks to work on a Hong Kong secondary listing in the final half of 2021.
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Dec 14, 2021 · Published: 1:11pm, 14 Dec 2021Updated: 1:13pm, 14 Dec 2021. ... (US$471,165) on Weibo, often dubbed China’s Twitter. The CAC did not specify the exact reasons for the punishment, but Weibo has ...
