Caixin
Apr 25, 2014 03:40 PM

In Friday's Papers: Internet Portal Sina Punished for 'Obscene' Content, Land Sales in Beijing Exceed 100 Bln Yuan for Year

Internet Portal Sina Punished for 'Obscene' Content

Popular Internet portal Sina Corp. has been punished for having lewd content on its websites, as the government continues with a crackdown on what it calls Internet pornography. Sina was found promoting 20 books and four videos containing obscene content. The State Administration of Press, Publication, Radio, Film and Television said on April 23 Sina would lose a license to publish newspapers, magazines and books online and one to publish audio and video. Sina also faces penalties of up to 10 times the revenue related to the content.

Original article by National Business Daily

Land Sales in Beijing Exceed 100 Bln Yuan for Year

The total value of land sales in the capital this year has reached 102.4 billion yuan as of April 24, says the Beijing Land Reserve Center, a government body in charge of public land management. It took nine months for the amount to exceed 100 billion yuan last year. Zhang Dawei, chief analyst at Centaline Group, a real estate agency, said he expects the city's land sales to exceed 200 billion yuan this year for the first time. Developers are still enthusiastic about buying land in big cities, he said, but risks in smaller cities had become clear.

Original article by China Business News

Qinghai Official Investigated by Party

Mao Xiaobing, the Communist Party chief of Xining, capital of the northwestern province of Qinghai, is being investigated for suspected serious violations of discipline and law, the party's anti-graft fighter said on April 24. No further details were released. Mao is the eighth provincial-level official reported to come under investigation since the beginning of this year.

Original article by The Beijing News

Tencent Opens Physical Store in Hangzhou

Tencent Holdings and Shopin.net opened a brick-and-mortar store in the Xiasha District of Hangzhou, in the eastern province of Zhejiang Province, on April 25. The store, which Tencent says is the first of its kind in the country, allows customers to buy and pay for products such as clothing and shoes using the popular WeChat app. Customers scan code on products or they use the WeChat app to finish an order. They can then pick up their products or have them delivered. Tencent offered people a free cab ride to the store through is taxi-hailing app.

Original article by Caixin

Environmental Protection Law Changed for First Time

The public will be given easier access to the country's environmental information and be encouraged to participate in the environmental protection activities, revisions to a law say. One of the ways it was encouraged to participate was by picking up trash. The country's top legislature passed the revised law on April 24, and it will go into effect in January 2015. These are the first changes to the law since it went into effect in 1989. The legislation sets higher environmental protection criteria and toughens penalties for offenses. It calls on the public to adopt a low-carbon and frugal lifestyle. A National Environment Day was set for June 5.

Original article by Caixin

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