Boston, MA 04/28/2014 (wallstreetpr) – SINA Corp (NASDAQ:SINA), one of the renowned online media company of China reported that it received government notice recently. As per the public announcement made by company, Beijing Municipal Cultural Market Administrative Law Enforcement Unit sent three back to back notices to the company after it allegedly violated PRC norms by distributing sexually abusive content on its online reading channel named book.sina.com.cn. Other than this, there were several video contents uploaded by its users on the company’s website named www.sina.com.cn.
The global network of SINA Corp (NASDAQ:SINA) is spread across online portal (sina.com), mobile portal (sina.cn), and social media portal (weibo.com) covering all three domains which anyone can use. The text and video content provided by SINA is UGC (user generated content), which can be used and shared by users.
Sina.com provides distinct region wise professional content, while sina.cn provides entertainment and information content for mobile users, lastly wiebo.com provides third party applications and micro-blogging services. Recently somebody uploaded abusive content on company’s website which came into light when the company was informed by the State Administration of Press, Publication, Radio, Film and Television. It was proposed that company’s internet and television right should be revoked. Also, an administrative fine has been imposed by municipal corporation of Beijing.
These fines, penalties, and charges are a part of government’s steps to clean the social media of China, therefore, SINA corp. is looking forward to cooperate with the government. There are not many occasions when a company of SINA’s level has been charged by China government. Sina, which is a leading professional content provider of China in both text and video content has made its name in a short span of time by providing top notched professional services to individuals and companies across sectors.
As SINA Corp (NASDAQ:SINA) has been charged heavily, it will be great to see as how it responds towards such issues in times to come.
