![]() In May, it released regulations for online news sites and network portals that expanded restrictions on content and required all services to be overseen by party-sanctioned editorial staff. It follows the controversial shuttering of 60 popular celebrity gossip social media accounts last week by China’s cyberspace authorities, who said the sites catered to poor tastes and did not “actively propagate core socialist values”. But it’s still a slap, it’s not a kill shot,” said Beijing-based director of Marbridge Consulting Mark Natkin. ![]() “Instead of a slap on the wrist, it’s a slap all the way up the arm, the neck and the head. The TV and film watchdog did not give a timeline for the ban, but analysts say it is more than likely the services will open again with beefed-up oversight. It has increasingly taken aim at the country’s booming internet industry. While the move is likely to send a chill through China’s booming online entertainment industry, analysts expect the country’s social media providers will be able to adjust to a tougher regulatory environment although with more limited content offerings.īeijing tightly controls its internet space and bans content that it deems politically threatening or damaging to China’s national identity. “This will provide a clean and clear Internet space for the wide number of online users,” the State Administration of Press, Publication, Radio, Film and Television said in a brief statement on its website. The Twitter-like service Sina Weibo, popular online video site ACFUN and news portal will have to stop video streaming services that violate the country’s regulations, the TV and film watchdog said on Thursday. ![]() That amounted to a combined $1.3 billion knock to the market value of both companies. Beijing has shut down online video services of three popular Chinese media sites in a swift action that unleashed financial shockwaves and posed a firm warning to the country’s online video industry: clean up, or close down.Ĭhina’s internet shares tumbled after news of the unusually harsh clamp down spread, with Weibo Corp’s down 6.1 percent, while SINA Corp, which has a stake in Weibo, fell 4.8 percent. ![]()
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