Core Viewpoint - Citic Securities reports that Weibo-SW (09898) achieved revenue of $445 million in Q2 2025, reflecting a year-on-year increase of 1.6% (1% in RMB terms), and a Non-GAAP net profit of $143 million, up 13.4% year-on-year. The firm believes that with the recovery of the macro economy and continuous optimization of product services, the company's performance is expected to gradually improve, while high dividends will enhance shareholder returns. In the long term, Weibo maintains unique value for users and brand clients as a major social media platform, and the firm maintains a "Buy" rating [1] Financial Performance - Weibo-SW reported Q2 2025 revenue of $445 million, a year-on-year increase of 1.6% [1] - Non-GAAP net profit for the same period was $143 million, representing a year-on-year growth of 13.4% [1] Market Outlook - The macroeconomic recovery and product service optimization are expected to contribute to a gradual improvement in Weibo's performance [1] - The company is anticipated to provide high dividends, which will enhance returns for shareholders [1] Strategic Position - Weibo is recognized for its unique value proposition to both users and brand clients as a leading social media platform [1]

Core Viewpoint - Citic Securities reports that Weibo-SW (09898) achieved revenue of $445 million in Q2 2025, representing a year-on-year increase of 1.6% (1% increase in RMB terms) and a Non-GAAP net profit of $143 million, reflecting a year-on-year growth of 13.4% [1] Group 1: Financial Performance - Weibo's Q2 2025 revenue reached $445 million, showing a year-on-year growth of 1.6% [1] - The Non-GAAP net profit for the same period was $143 million, which is a 13.4% increase compared to the previous year [1] Group 2: Future Outlook - The company is expected to gradually recover its performance due to macroeconomic recovery and continuous optimization of its products and services [1] - High dividend payouts are anticipated to enhance shareholder returns [1] Group 3: Strategic Position - Weibo maintains a unique value for users and brand clients as a primary social media platform [1] - Citic Securities maintains a "Buy" rating on the stock, indicating confidence in its long-term prospects [1]

Core Viewpoint - The controversy surrounding a recent fireworks show has led to the spread of misinformation on social media, particularly regarding its rejection by Japan's Mount Fuji for promotional purposes [2][3]. Group 1: Misinformation and AI Verification - Multiple bloggers claimed that the fireworks show was rejected by Japan in March, but this was later clarified as false information [2][3]. - The "Weibo Smart Search" feature, launched in February, aims to reduce misinformation but has shown inconsistent results in verifying claims [4][5]. - The AI verification system has been criticized for failing to identify similar narratives among bloggers, leading to incorrect conclusions [4][5]. Group 2: Legal Implications and Responsibilities - Legal experts warn that the AI verification labels could imply platform endorsement of the content, increasing the platform's liability for misinformation [5][6]. - If the AI makes erroneous judgments that harm users' reputations or privacy, the platform could face legal repercussions [6]. - Other platforms like WeChat, Xiaohongshu, Douyin, and Baidu also utilize AI summarization, which may expose them to similar legal risks if they encounter "AI hallucinations" [6].

Core Points - The controversy surrounding a recent fireworks show has led to a viral rumor on Weibo, claiming that the event was rejected for promotion in Japan earlier this year [1] - Weibo's AI verification tool, "Weibo Zhisu," has been criticized for providing inaccurate confirmations, as it failed to identify the similarity in multiple posts regarding the fireworks event [2][3] - Legal experts have raised concerns about the implications of AI-generated verification labels, suggesting that platforms may bear greater responsibility for the accuracy of content [4][5] Group 1 - The rumor about the fireworks show being rejected in Japan gained traction on Weibo, with claims that it was falsely confirmed by the AI tool [1] - Weibo Zhisu, launched in February 2023, aims to reduce misinformation but has shown inconsistent performance in verifying claims [2] - The AI tool's reliance on user-generated content for verification has led to instances of "AI hallucination," where incorrect information is mistakenly validated [3] Group 2 - Legal implications of AI verification labels include potential liability for platforms if misinformation harms users' reputations or privacy [4] - The introduction of AI verification tools increases the obligation of platforms to ensure content accuracy, moving away from a stance of "technical neutrality" [5] - Other platforms like WeChat, Xiaohongshu, Douyin, and Baidu also utilize AI summarization, facing similar risks associated with misinformation [5]

Core Viewpoint - Zhang Xuefeng's social media accounts have been restricted, impacting his significant online presence with over 41 million followers across various platforms [1][11]. Group 1: Social Media Presence - As of now, Zhang Xuefeng has over 41 million followers across multiple platforms, including 26.7 million on Douyin, 8.045 million on Weibo, 4.145 million on Bilibili, and 1.581 million on Xiaohongshu [1][4]. - His accounts have been restricted from gaining new followers, which may affect his influence and reach in the education sector [1][6]. Group 2: Career Background - Zhang Xuefeng gained popularity through his online content, particularly with the video "Seven Minutes to Interpret 34 985 Universities" [11]. - In 2021, he transitioned from Beijing to Suzhou to start a new venture, founding Fengxue Future, which offers various educational services including academic planning, skill development, and live-streaming e-commerce [11]. Group 3: Recent Developments - On June 2, Zhang Xuefeng hinted at possibly stepping back from live streaming, which gained significant attention on social media [8]. - He announced a two-month hiatus from live streaming, with a potential return on September 1, indicating this could be his last online appearance [9].

Group 1 - Zhang Xuefeng's accounts were banned from being followed on Weibo and Bilibili platforms on September 24 [1]

Group 1 - The core point of the article is the launch of Weibo's "online status" feature, which allows personal users to display their current activity status with a green dot or "online" text, while a gray-blue indicator represents offline status [1] - This feature is currently available only for personal user accounts, and media or corporate accounts do not support the display of social status [1]

Core Viewpoint - The official accounts of the brand "La Mer" on Weibo and Xiaohongshu no longer show any posts related to the brand ambassador Jeon Ji-hyun, who was announced on September 20, 2023 [1] Group 1 - La Mer officially announced Jeon Ji-hyun as their new brand ambassador on September 20, 2023 [1] - Following the announcement, searches for "Jeon Ji-hyun" on La Mer's official Weibo and Xiaohongshu accounts yield no relevant posts [1]

9月20日，记者从"朋友圈诽谤局长被行拘"事件当事人高光华及其代理律师张具堆处获悉，元江县公安局已作出撤销行政处罚决定书，撤销此前对高光华 的行政处罚。 9月20日，商务部新闻发言人就TikTok问题进展情况答记者问时表示，当地时间9月14日至15日，中美双方在西班牙马德里举行会谈，就以合作方式妥善解 决TikTok相关问题、减少投资障碍、促进有关经贸合作等达成了基本框架共识。 1 国家医保局：第十一批药品集采遵循稳临床、保质量、防围标、反内卷原则 9月20日，国家组织药品联合采购办公室发布第十一批国家组织药品集中采购文件。本次集采方案制定和修改过程中，充分遵循了"稳临床、保质量、防围 标、反内卷"的原则。一、关于"稳临床"。保障临床用药需求是集采的基本目标，也是优化集采措施的重点。二、关于"保质量"。本次集采充分征求并采 纳药监部门、市场监管部门的意见，在保证公平的基础上，对投标企业的质控水平提出了更高要求。三、关于"防围标"。此次集采进一步完善了防范围标 行为的措施：一是继续对关联企业的投标约束，二是引入"首告从宽"机制，三是加大围标行为防范打击力度。四、关于"反内卷"。集采秉持公开透明、公 平公正的市场 ...

Group 1 - The core message is that Weibo has been criticized by the internet regulatory authority for poor management of its trending topics and has committed to making necessary improvements [1] - Weibo has established a special rectification working group to address the issues related to the management of trending topics with the highest standards and strict requirements [1] - The platform aims to enhance its comprehensive management capabilities across all aspects of the trending topics mechanism, including rules and complaint mechanisms [1] Group 2 - Weibo will optimize and upgrade its trending algorithm to strengthen the public nature and correct value orientation of the trending topics [1] - The company emphasizes its commitment to legal compliance and prioritizing public interest while enhancing its management capabilities and combating harmful online behaviors [1] - Weibo welcomes criticism and supervision from users, media, and society regarding its rectification efforts and aims to maintain mainstream value orientation to protect a clean online space [1]