China tightens online video controls, jolting investors
June 23, 2017
BEIJING (AP) — Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments on sensitive issues. The move prompted a sell-off in the U.S.-traded shares of Sina Corp. and its microblog service, Sina Weibo.
Thursday's announcement adds to efforts by President Xi Jinping's government to tighten media control ahead of a Communist Party congress late this year. Xi is due to be appointed to a second five-year term as party leader.
Video streamed by users of Sina Weibo, AcFun and Phoenix New Media's ifeng.com contained...