威胁水平和机会水平都高的业务是 微博业务的一大威胁 中国互联网审查

微博业务的一大威胁 中国互联网审查  

Weibo
the Twitter of China
is planning an IPO in the United States
letting American investors jump on the Chinese social media bandwagon.
Here's the IPO filing
with plenty of detail worth reading.
One point that really sticks out is listed among the risk factors facing the pany. To be fair
panies are inclined to throw in the entire kitchen sink of imaginable risks when listing these factors -- Chipotle recently cited global warming as a potential threat to its guacamole supply -- but they always make for a revealing read.
该公司罗列出的一系列风险因素中有一点非常值得注意。平心而论，寻求上市的公司往往会把所能想到的所有风险因素都列举出来（比如Chipotle最近就将全球变暖作为威胁该公司鳄梨色拉酱供应的一个潜在因素），但这些公司总会在其中透露一些真实情况。
In this case
it's as straightforward a description of Chinese inter censorship as you're likely to get from a major Chinese pany. Here it is
emphasis ours:
Regulation and censorship of information disseminated over the inter in China may adversely affect our business and subject us to liability for information displayed on our platform.
The PRC government has adopted regulations governing inter access and the distribution of information over the inter. Under these regulations
inter content providers and inter publishers are prohibited from posting or displaying over the inter content that
among other things
impairs the national dignity of China
is reactionary
obscene
superstitious
fraudulent or defamatory
or otherwise violates PRC laws and regulations. Failure to ply with these requirements may result in the revocation of licenses to provide inter content and other licenses and the closure of the concerned websites. The website operator may also be held liable for such censored information displayed on or linked to the website.
In addition
the MIIT has published regulations that subject website operators to potential liability for content displayed on their websites and for the actions of users and others using their systems
including liability for violations of PRC laws prohibiting the dissemination of content deemed to be socially destabilizing. The Ministry of Public Security has the authority to order any local inter service provider to block any inter website at its sole discretion. From time to time
the Ministry of Public Security has stopped the dissemination over the inter of information which it believes to be socially destabilizing. The State Administration for the Protection of State Secrets is also authorized to block any website it deems to be leaking state secrets or failing to meet the relevant regulations relating to the protection of state secrets in the dissemination of online information.
Although we attempt to monitor the content posted by users on our platform
we are not able to effectively control or restrict content (including ments as well as pictures
videos and other multimedia content) generated or placed on our platform by our users. In March 2012
we had to disable the Comment feature on our platform for three days to clean up feeds related to certain rumors. To the extent that PRC regulatory authorities find any content displayed on our platform objectionable
they may require us to limit or eliminate the dissemination of such information on our platform. Failure to do so may subject us to liabilities and penalties and may even result in the temporary blockage or plete shutdown of our online operations.
In addition
the Judicial Interpretation on the Application of Law in Trial of Online Defamation and Other Online Crimes jointly promulgated by the Supreme People's Court and Supreme People's Procuratorate
which became effective on September 10
2013
imposes up to a three-year prison sentence on inter users who fabricate or knowingly share defamatory false information online. The implementation of this newly promulgated judicial interpretation may have a significant and adverse effect on the traffic of our platform and discourage the creation of user generated content
which in turn may impact the results of our operations and ultimately the trading price of our ADSs.
Although our active user base has increased over the past several years
regulation and censorship of information disseminated over the inter in China may adversely affect our user experience and reduce users' engagement and activities on our platform as well as adversely affect our ability to attract new users to our platform. Any and all of these adverse impacts may ultimately materially and adversely affect our business and results of operations.