Chinese Authorities Crack Down on Streaming to Create a 'Cleaner Cyberspace'
- Author: Zachary Reyes Jun 23, 2017,
Jun 23, 2017, 14:02
"Coverage of the order from state-affiliated tabloid Global Times quotes Chinese communications expert Luo Ping saying, "[This] is another government move to strengthen its control on politics and social affairs on the Internet. The move prompted a sell-off in the US -traded shares of Sina Corp. and its microblog service, Sina Weibo.
China's media oversight body - the State Administration of Press, Publication, Radio, Film and Television - on Thursday posted a notice accusing the three companies of operating without a license and disseminating content that is negatively impacting society. It ordered them to stop the services. China's strict new cybersecurity laws went into effect on June 1.
In January, the government announced the launch of a 14-month crackdown on cloud-hosting and content-delivery services.
Nasdaq-listed shares in the Twitter-like microblogging service closed down 6.1% at $72.25, bringing the company's market capitalization to $15.8bn, from $16.8bn at the previous close. The company plans to fully cooperate with the relevant authorities.
The Victorian Racing Club struck a deal with Sina Weibo previous year to broadcast Channel Seven's feed of the Melbourne Cup all day to promote the event to an estimated 20 million active daily Chinese users.
Weibo has about 340 million monthly active users, while ACFUN, nicknamed "A station", was one of China's first video sites to feature bullet screen interaction, and a major provider of cartoons and anime.
In a statement on its Weibo account, AcFun promised to carry out a "comprehensive rectification" of its website management to create a "clear and bright online environment".