The popular social media company Sina has been rocked by the arrest of an alleged WeChat security researcher and an investigation into its revenue and advertising practices.
Sina said it has closed its WeChat business and suspended the employment of its two security researchers, the company said in a statement.
A Sina spokesman declined to give further details about the arrests.
The company said it will review its revenue from digital advertising and advertising services and would seek legal action.
WeChat and other companies have been in a dispute with China’s state censors since the end of August, after state media reported that the two men were using WeChat to buy goods.
They were arrested on Thursday.
The Sina spokesman did not respond to a request for comment.
WeChat, which has over 1 billion users worldwide, is a messaging app that is often used to communicate with people.
He added that WeChat’s business was at “a point of stability,” and that it would focus on its core business of online messaging and chat services.”
Our plan is to increase our revenue, and this is a positive step for us.”
He added that WeChat’s business was at “a point of stability,” and that it would focus on its core business of online messaging and chat services.