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China tightens online video controls, jolting investors

AP  |  Beijing 

Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments about sensitive issues. The move prompted a sell-off in the US-trade of Sina Corp. And its microblog service, Sina Weibo.

Authorities said yesterday video streamed by users of Sina Weibo, ACFUN and a website of Hong Kong-based Phoenix TV contained "negative comments" about unspecified sensitive issues.

Communist leaders promote internet use for business and education but operate extensive censorship aimed at blocking access to material deemed subversive or obscene. Internet companies are required to enforce censorship by removing postings about politically sensitive topics.

Sina Weibo fell 6.1 per cent on the market and of Sina fell 4.8 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 23 2017. 12:49 IST