Weibo fined by Chinese language regulator for publishing unlawful info By Reuters

© Reuters. FILE PHOTO: The sales space of Sina Weibo is pictured on the Beijing Worldwide Cultural and Inventive Business Expo, in Beijing, China Might 29, 2019. REUTERS/Stringer

SHANGHAI (Reuters) – Chinese language social media platform Weibo (NASDAQ:) Corp has been slapped with a 3 million yuan ($470,000) positive by China’s web regulator for repeatedly publishing unlawful info.

The Our on-line world Administration of China () stated Weibo had violated a cybersecurity legislation on the safety of minors in addition to different legal guidelines however didn’t give additional particulars.

It additionally stated Beijing’s native our on-line world regulator had imposed 44 penalties on Weibo totalling 14.3 million yuan for the 12 months to November.

The corporate, which operates a platform much like Twitter (NYSE:), has been ordered to “instantly rectify and take care of related accountable individuals significantly,” the CAC stated in an announcement.

Weibo stated in an announcement it “sincerely accepts criticism” from the regulator and has established a piece group in response to the penalty.

The positive is the newest in a string of penalties the regulator has imposed on tech corporations this 12 months and comes amid more durable oversight of an tightly censored web that has seen new tips issued for information websites and on-line platforms. Authorities have stated they wish to promote a “civilised” web.

These efforts embody a crackdown on on-line “fan tradition” and banning social media corporations from aggressively selling celebrities, saying they have been a nasty affect on younger individuals.

Earlier this month, the CAC fined Douban, a preferred web site for reviewing films, 1.5 million yuan citing “illegal launch of knowledge”.

($1 = 6.3671 yuan)

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