Sina falls after online publishing, video licenses revoked

|About: Sina Corporation (SINA)|By:, SA News Editor

The Chinese government has revoked Sina's (SINA -5.8%) online publishing and video licenses after finding articles and videos posted on that contained "lewd and pornographic content."

For the time being, is fully operational. A government official tells Xinhua it's not certain when the punishment will be implemented, and that Sina should have the chance to appeal. Sina's Weibo unit has already run afoul of regulators plenty of times.

Sina's shares are off sharply on a down day for Chinese Internet stocks.