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Stock impact report

China's former internet czar faces corruption probe [CNN]

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Company Research Source: CNN
China's former internet czar faces corruption probe Beijing (CNN) China's former internet czar has become the latest senior official caught in President Xi Jinping's massive anti-corruption dragnet. Lu Wei, who headed the country's powerful cyber administration until June 2016, was placed "under investigation for suspected serious violations of discipline," a euphemism typically used to signify corruption, the ruling Communist Party's disciplinary arm announced in a one-line statement Tuesday. During his three-year tenure, Lu quickly became the face of the so-called Great Firewall, China's increasingly extensive and sophisticated internet filtering and censorship system that has blocked some of the world's most popular online services, including Google, Facebook and Twitter. Time magazine in 2015 named him one of the world's 100 most influential people, saying: "Whatever he does, the gregarious former propaganda chief is certain to affect the lives of billions." Lu's downfall came le Show less Read more
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