Company Directory - Weibo Corporation
Company Details - Weibo Corporation
Weibo Corporation
WebsiteBeijing, China
ISIN: US94859B1070
Weibo is one of China’s leading microblogging platforms, often referred to as the 'Twitter of China'. The service allows users to post messages, images, and videos, and serves as a major venue for social interaction, news dissemination, and online marketing in China.
CCI Score
CCI Score: Weibo Corporation
-18.77
0.01%
Latest Event
Weibo Corporation Criticized for Mishandling Near-Rape Incident and Employee Welfare
Weibo Corporation faced widespread criticism after it pressured an employee, Xiaolin, to return to work following a near-rape incident, offering an inadequate compensation package instead of proper support, raising serious concerns about the company’s commitment to worker rights.
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ENABLER
Weibo Corporation is currently rated as an Enabler.
Latest Events
- MAR192025
Weibo Corporation faced widespread criticism after it pressured an employee, Xiaolin, to return to work following a near-rape incident, offering an inadequate compensation package instead of proper support, raising serious concerns about the company’s commitment to worker rights.
-80
Labor Relations and Human Rights Practices
March 27
The company’s handling of a sexual violence incident, where an employee was nearly raped and then pressured to return to work with a minimal compensation offer, demonstrates a severe disregard for labor rights and employee well-being. This mismanagement not only neglects proper support for trauma but also reflects broader ethical failures in labor relations.
Chinese Company Under Fire for Mishandling Employee's Near-Rape Incident
- JAN012025
Scraped content reveals that Weibo, a leading Chinese social media platform, is used by the CCP to shape public opinion through controlled and filtered content that supports state narratives while suppressing dissent.
-70
Media Influence and Propaganda
March 27
Weibo plays a significant role in disseminating state-approved narratives by filtering trending topics and suppressing opposing views, thereby contributing to an environment of controlled information that supports authoritarian practices. This aligns with concerns over media influence and propaganda in authoritarian regimes.
- MAY012024
Following the implementation of China's expanded State Secrets Law, Weibo is mandated to monitor user posts, remove sensitive information, and save records for state authorities. This compliance enforces a repressive digital environment that bolsters authoritarian control.
-70
Provision of Repressive Technologies
March 27
Under the new State Secrets Law, Weibo is compelled to deploy monitoring tools and censor user content, effectively providing technology that facilitates state repression. This enforcement of surveillance and rapid content removal significantly aids authoritarian control, undermining free speech and open discourse.
State Secrets Law tightens grip on China social media giants - BBC
-60
Media Influence and Propaganda
March 27
By enforcing state-mandated content removal and record-keeping, Weibo is indirectly contributing to the propagation of state-approved narratives and suppressing dissent. This not only limits free expression but also plays a role in bolstering propaganda and authoritarian governance.
State Secrets Law tightens grip on China social media giants - BBC
- APR192024
Weibo Corporation released its 2023 Environmental, Social and Governance (ESG) report, detailing initiatives in corporate governance, cybersecurity and privacy, minor protection, diverse corporate culture, social responsibility and green development, including significant disaster relief contributions.
+40
Public and Political Behavior
April 1
The ESG report underscores Weibo's commitment to building a responsible public platform by enhancing corporate governance, implementing safeguards such as the Minor Mode, and promoting social welfare initiatives. These steps contribute positively to the public and political sphere by fostering transparent and accountable practices.
Weibo Publishes 2023 Environmental, Social and Governance Report
+60
Business Practices and Ethical Responsibility
April 1
The report highlights strong business practices including a robust ethics system, regular internal audits, commitment to diversity and inclusion, and comprehensive employee benefits. These initiatives reflect ethical responsibility and sustainable business practices which align with progressive corporate governance.
Weibo Publishes 2023 Environmental, Social and Governance Report
+40
Technology and Services Impact
April 1
Weibo's ESG report emphasizes its efforts to protect user privacy and cybersecurity, enhance content quality, and maintain a safe online environment (e.g., through features like Minor Mode). These technological efforts create a more secure and responsible digital space, contributing positively to societal well‐being.
Weibo Publishes 2023 Environmental, Social and Governance Report
+20
Economic and Structural Influence
April 1
The report also highlights Weibo’s contributions to social causes such as emergency relief, disaster recovery, and support for rural revitalization, underscoring its role in promoting structural economic and social welfare in communities.
Weibo Publishes 2023 Environmental, Social and Governance Report
- APR192024
Weibo released its 2023 Environmental, Social and Governance Report on April 19, 2024, detailing significant improvements in corporate governance, cybersecurity, user privacy, employee diversity, and social responsibility initiatives.
+80
Business Practices and Ethical Responsibility
April 1
The ESG report highlights Weibo’s proactive efforts in integrating strong ethical practices into its operations, including a sound business ethics system, protective measures for minors, and an inclusive workplace. These initiatives demonstrate a commitment to responsible corporate governance and ethical business practices which align with anti-authoritarian and progressive values.
Weibo Publishes 2023 Environmental, Social and Governance Report
+70
Technology and Services Impact
April 1
The report emphasizes enhanced cybersecurity measures and user privacy protections, reflecting Weibo's commitment to leveraging technology in ways that protect users and foster a trustworthy public discourse, which is a positive counterbalance against authoritarian practices.
Weibo Publishes 2023 Environmental, Social and Governance Report
- APR192024
Weibo Corp released its 2023 ESG Report outlining initiatives in corporate governance, cybersecurity, privacy protection, and enhanced safety features for minors, reflecting its commitment to ethical business practices and a secure digital environment.
+70
Business Practices and Ethical Responsibility
April 1
The ESG report details significant efforts in strengthening corporate governance through quarterly internal audits, ethical business practices, and enhanced protections for minors via the Minor Mode. These initiatives highlight Weibo’s commitment to responsible business practices, aligning with progressive and anti-authoritarian values by promoting transparency and social responsibility.
Weibo Publishes 2023 Environmental, Social and Governance Report
+50
Technology and Services Impact
April 1
The report emphasizes advancements in cybersecurity and privacy protection, which are essential for safeguarding user data on a social platform like Weibo. These measures contribute to a secure digital ecosystem that resists authoritarian misuse of technology, reinforcing the company’s commitment to progressive values.
Weibo Publishes 2023 Environmental, Social and Governance Report
- JUL122023
Following new requirements announced by the Cyberspace Administration of China, Weibo is now enforcing stricter account verification, content labeling, and review processes that effectively curb dissent and control the political narrative on its platform.
-50
Public and Political Behavior
April 1
Weibo's compliance with government censorship directives reinforces state control over public discourse, contributing to the suppression of dissent and the consolidation of authoritarian power.
-60
Provision of Repressive Technologies
April 1
By implementing robust censorship measures mandated by the state, Weibo contributes to the provision of repressive digital tools that curb free expression and facilitate state propaganda efforts, highlighting its complicity in authoritarian practices.
- NOV012022
Weibo Corp was fined 3 million yuan ($470,000) by the Cyberspace Administration of China for repeatedly publishing illegal information, in violation of cybersecurity laws protecting minors. In response, the company issued a statement accepting the criticism and established a work group to address the issues.
-20
Business Practices and Ethical Responsibility
April 1
Weibo's repeated publication of illegal content represents a failure in adhering to ethical business practices and regulatory standards, negatively impacting public trust. Although the company has taken steps to rectify the issue by establishing a work group, the action indicates negligence in its operational security and content moderation practices.
Weibo fined by Chinese regulator for publishing illegal information
- DEC142021
Chinese regulator CAC fined Weibo Corp 3 million yuan for repeatedly allowing content deemed 'forbidden' under Chinese law. In response, Weibo accepted the criticism and pledged to enhance its content regulation, a move that may further align its practices with state censorship mandates in an authoritarian context.
-40
Media Influence and Propaganda
April 1
Weibo Corp's decision to accept the CAC's fine and its pledge to tighten content regulation signals a shift towards compliance with authoritarian censorship rules. This action may enhance the platform's role in propagating state-controlled information and suppress dissent, thereby increasing its complicity with authoritarian practices.
Chinese regulator punishes Weibo for allowing 'forbidden' information on its platform
- MAR252020
Weibo admitted to a significant data breach that exposed personal data of millions of users, raising serious concerns about its data security practices and ethical responsibility. The incident highlights risks associated with technological vulnerabilities and the potential for abuse in repressive contexts.
-60
Business Practices and Ethical Responsibility
March 27
The incident demonstrates Weibo’s failure to uphold robust data security and business ethics, resulting in the exposure of millions of users' sensitive information. From an anti-fascist perspective, such negligence not only endangers user privacy but also potentially enables authoritarian abuses if the exposed data is misused by repressive regimes.
China: Weibo admits to leak of personal data on millions of users
-50
Technology and Services Impact
March 27
The breach underscores significant vulnerabilities in Weibo's technology and service infrastructure. Poorly secured platforms not only risk user privacy but can also be exploited by authoritarian regimes to monitor or target dissent, thus contributing indirectly to repressive practices.
China: Weibo admits to leak of personal data on millions of users
- MAR252020
On 25 March 2020, Weibo admitted that a data breach had exposed personal information of millions of users after hackers stole and sold user data on the dark web. Chinese regulators, including the Ministry of Industry and Information Technology (MIIT), summoned Weibo representatives and ordered improvements in data security.
-50
Business Practices and Ethical Responsibility
April 1
Weibo’s admission of a massive data leak, combined with a downplayed response and reliance on user behavior (e.g., reusing passwords) to deflect responsibility, reflects a gross negligence in upholding ethical business practices and protecting user privacy. Such failings risk undermining public trust and could enable authoritarian misuse of personal data.
China: Weibo admits to leak of personal data on millions of users
-40
Technology and Services Impact
April 1
The incident reveals significant vulnerabilities in Weibo’s technological infrastructure that allowed hackers to access and distribute sensitive user data. This failure in data security not only jeopardizes individual privacy but also potentially facilitates the misuse of information by authoritarian forces, highlighting a critical lapse in technology and services impact.
China: Weibo admits to leak of personal data on millions of users
- OCT192014
An investigation revealed that the Chinese government pays Weibo users to disseminate propaganda aimed at influencing political narratives and undermining protest movements, thereby bolstering authoritarian control.
-80
Media Influence and Propaganda
March 27
The article exposes how Weibo's platform is exploited for state-sponsored propaganda. The use of paid '50 Cent Party' operatives to shape political discourse not only influences public opinion but also reinforces government censorship and control, aligning the platform with authoritarian practices.
China Pays Weibo & Other Social Media Users for Propaganda Against Protest Movements
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Corporate Financials
- Revenue
- 2023
- $500.00M
- Total Assets
- 2023
- $2.00B
- Operating Income
- 2023
- $250.00M
- Total Equity
- 2023
- $1.00B
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