Sina has not received Weibo operating license

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Beijing time September 21, 2011 News, in response to the recent microblogging rumors on Sina Weibo did not obtain a microblog operation license, Sina official to the rumor, as shown:

(Weibo screenshot, "Weibo rumor" is the official account of Sina Weibo false news rumor)

After the Tuesday U.S. stocks opened, Sina's shares plunged, hitting a minimum of 90.80 U.S. dollars, down 16.96%. As of the close, Sina plunged 15.17% to 92.76 U.S. dollars, the day volume from the daily average of 5.79 million to 14.6 million. The current Sina market value of 5.73 billion U.S. dollars, overnight evaporation of 1.025 billion U.S. dollars.

Sina CEO Cao Chao said recently: "Sina in the past few months, also in the effort to study, to form a set of credit system in the microblogging system." "Chao mentioned that it might be possible to draw on e-commerce sites by buyers to the seller to score the practice."

Analysts say Sina's moves are the clearest signal yet that the pressure on microblogging operators is rising. However, most people think that Weibo will not be closed, and after two years of Sina Weibo operation, the relevant regulatory mechanisms are maturing.