BEIJING, June 22, 2017 /PRNewswire/ -- Weibo Corporation
("Weibo" or the "Company") (NASDAQ: WB), a leading social media in
China, today announced that it
became aware of a public notice issued by The State Administration
of Press, Publication, Radio, Film and Television of the People's Republic of China (the
"SAPPRFT"), stating that the SAPPRFT had recently requested the
local competent authorities to take measures to suspend several
companies' video and audio services due to their lacking of an
internet audio/video program transmission license and posting of
certain commentary programs with content in violation of government
regulations on their sites, and Weibo is named as one of these
companies.
The Company is communicating with the relevant government
authorities to understand the scope of the notice. It intends to
fully cooperate with the relevant authorities. The Company will
also evaluate the impact of this notice on its operations and its
administrative options.
About Weibo Corporation
Weibo is a leading social media platform for people to create,
distribute and discover Chinese-language content. It provides an
unprecedented and simple way for people and organizations to
publicly express themselves in real time, interact with others on a
massive global platform and stay connected with the world. Weibo
combines the means of public self-expression in real time with a
powerful platform for social interaction, as well as content
aggregation and distribution. Any user can create and post a feed
and attach multimedia or long-form content. User relationships on
Weibo may be asymmetric; any user can follow any other user and add
comments to a feed while reposting. The simple, asymmetric and
distributed nature of Weibo allows an original feed to become a
live viral conversation stream.
Weibo enable its advertising and marketing customers to promote
their brands, products and services to our users. Weibo offer a
wide range of advertising and marketing solutions to customers
ranging from large companies to SMEs to individuals, including
social display ads, native ads and event-based marketing offerings.
The Company generates a substantial majority of revenues from the
sale of advertising and marketing services, including the sale of
social display ads, and promoted feeds. Weibo has developed and is
continuously refining its social interest graph, or SIG,
recommendation engine, which enables its customers to perform
people marketing and target audiences based on user demographics,
social relationships and interests to achieve greater relevance,
engagement and marketing effectiveness on Weibo.
Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3017
Email: ir@staff.weibo.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/weibo-announces-receipt-of-a-sapprft-notice-300478300.html
SOURCE Weibo Corporation