Sina

The clash between the US Securities and Exchange Commission and China over accounting regulatory standards probably won’t come to a head for another ten months. But the prospect that the SEC’s high-profile attack on the Chinese affiliates of the Big Four and BDO could lead to a wholesale delisting of Chinese companies from the US stock market appeared enough to spook investors. Read more >>

Turbulent times for Sina’s shareprice. The Nasdaq-listed Chinese internet company, which runs the Twitter-like Sina Weibo service, was slapped down more than 15 per cent on Friday, after putting out poor forecasts in its third quarter results.

But what’s this? Alibaba, owner of Chinese internet marketplace Taobao among other web properties, is eyeing up a 15-20 per cent stake in Sina Weibo, according to a Chinese media report. Sina was up on Monday in pre-market trading by as much as 10 per cent. Read more >>

Since Bo Xilai, the ambitious but controversial Chinese politician, was sacked as Communist party secretary of Chongqing in mid-March, the party has cranked up its propaganda machine to levels not seen in years. One aim is to control the flow of unauthorised information through the Twitter-like microblogs, or weibo, which have become the driver behind China’s news agenda. Will it work? Read more >>

Photo: Bloomberg

The Chinese government’s decision to shut down the comment function on Sina and Tencent’s weibo microblogs is a reminder of the powerful hold Beijing has over social media.

It may have put some people off using the microblogs during the 72 hours the ban was in force. Investors are asking if there are any longer terms effects on the businesses. Read more >>

When China’s largest microblog closed down for several hours this week, many observers weren’t surprised. The chatter on Sina Weibo (pictured) had become more political following WikiLeaks revelations, with users trading cynical remarks about how China might respond to a website publishing its own closely-guarded state documents.

Thousands of users reported getting the error message ‘this page does not exist’ when they tried to log on on Wednesday. But then Sina apologised saying the microblog was not closed down by the censors but crashed because it couldn’t handle the traffic. It put up a new message saying “Sina Weibo is upgrading, we’ll be back a bit later.” Read more >>