Fake and misleading investment information targeted in crackdown by China’s Twitter-like social media platform

  • Sina, the owner of the Twitter-style microblog Weibo, suspended or shut down accounts that published misleading information or were involved in fraud

Celia Chenin Shenzhen
Sina Weibo's booth is pictured at the Global Mobile Internet Conference (GMIC) 2017 in Beijing, April 28, 2017. Photo: Reuters

One of China’s leading social media platforms said it took down a number of accounts over the past week for spreading fake investment rumours in the latest example of Chinese internet companies self-censoring their content amid an ongoing government clean up of cyberspace.

Sina, the owner of the Twitter-style microblog Weibo, said that “according to the relevant laws and regulations”, it suspended or shut down 37 accounts which published “misleading investment information” or were involved in “securities frauds”.

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