Weibo (WB) Stopped from Netcasting Services on License Issue - Bloomberg

June 22, 2017 6:43 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

(Updated - June 22, 2017 6:51 AM EDT)

A China regulator stopped Weibo (NASDAQ: WB) from netcasting services due to a licence issue, according to Bloomberg, citing a statement. The regulator also stopped netcasting services of Acfun and, as they are not licensed to provide such services, according to a statement.

The websites are also accused of broadcasting commentary programs with negative comments or violating government regulations.


Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Hot Corp. News, Litigation, Trader Talk