Weibo slid over 4% in morning trading as it was fined 44 times and fined 14.3 million yuan this year

Weibo slid over 4% in morning trading as it was fined 44 times and fined 14.3 million yuan this year.On December 14, the National Network Information Office issued a document saying that it had recently interviewed SINA Corp Weibo Principal responsible person, editor-in-chief, SINA Corp Weibo the operating entity shall be given an administrative penalty of a total fine of 3 million yuan. From January to November this year, SINA Corp Weibo a total of 44 disposal penalties were imposed, and a fine of 500,000 yuan was imposed for many times, with a cumulative fine of 14.3 million yuan.