China’s Sina Confirms Loss of Two Licenses

Platform reprimanded for indecent content

HONG KONG – Sina Corp., the NASDAQ-listed Chinese internet group, Friday acknowledged that it had been stripped of two publishing and video licenses.

It also said that it had been fined RMB5.09 million ($820,000) by the Beijing Municipal Cultural Market Administrative Law Enforcement Unit.

The company was found to have carried “certain unhealthy and indecent content from third-parties or by users on its portal, i.e., on its online reading channel book.sina.com.cn and on its websitewww.sina.com.cn.”

The platform was among those which last week were banned by the State Administration of Press, Publication, Radio, Film and Television from carrying four U.S.-made TV shows.

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