Sina could lose internet licenses amidst porn crackdown

Sina Corp (SINA.NYSE) may potentially lose two of its internet licenses as part of the government’s crackdown on internet pornography, Bloomberg reported. Twenty articles and four videos posted on the Internet company’s website allegedly contained lewd content, according to a statement from the National Office Against Pornographic and Illegal Publications. The ban will mean Sina won’t be able to post content from print publications, audio and video. The company apologized on Thursday and said it would try to resolve the issue with the regulator to minimize damages. The government said this month that the official campaign against pornography would continue until November.