CASUALTY: Chinese Internet firm Sina Corp has been stripped of its online publication licence after being targeted in a pornography crackdown, state media reported, prompting its share price to drop more than 7%. — Reuters
BEIJING: Chinese Internet firm Sina Corp has been stripped of its online publication licence after being targeted in a pornography crackdown, state media reported, prompting its share price to drop more than 7%.
The licence revocation is the harshest punishment yet for a large Chinese Internet company in an intensifying online crackdown that is now targeting firms as well as individual Web users.
