China Rumored to Have Relaxed Censorship on Sina's (SINA) Weibo Site

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Sina Corp. (Nasdaq: SINA) will close higher on the session amid news that China might be relaxing certain censorship measures on its microblogging service.

The U.K.'s Telegraph said that there appeared to be a drop in such measures on Sina's Weibo website, allowing users to run searches and post some critical comments regarding the government.

Some searches, like that of outgoing Prime Minister Wen Jiabao, were still unable to be performed.

It's not clear whether or not the lax measures will continue. If so, Sina might be able to see more upside in the future, as will peers like Baidu (Nasdaq: BIDU), Tencent, and Renren (NYSE: RENN).

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