Chinese social media giant Weibo fined by regulator for publishing illegal information

Chinese social media platform Weibo Corp has been slapped with a 3 million yuan ($470,000) fine by China’s internet regulator for repeatedly publishing illegal information.The Cyberspace Administration of China (CAC) said Weibo had violated a cybersecurity law on the protection of minors as well as other laws but did not give further details.It also said Beijing’s local cyberspace regulator had imposed 44 penalties on Weibo totaling 14.3 million yuan ($2.2 million) for the year to November.The company, which operates a platform similar to Twitter, has been ordered to “immediately rectify and deal with relevant responsible persons seriously,” the CAC said in a statement.Weibo said in a statement it “sincerely accepts criticism” from the regulator and has established a work group in response to the penalty.The fine is the latest in a string of penalties the regulator has imposed on tech companies this year and comes amid tougher oversight of an tightly censored internet that has seen new guidelines issued for news sites and online platforms. Authorities have said they want to promote a “civilized” internet.These efforts include a crackdown on online “fan culture” and banning social media companies from aggressively promoting celebrities, saying they were a bad influence on young people.