Qin Zhihui, a self-confessed “rumour monger”, was led away from court on Thursday to serve a three-year sentence for spreading “lies, smear campaigns and fibs” across the Chinese internet.
Mr Qin accepted the verdict, telling the court: “I hope my behaviour can warn others, not to do stupid things as I did.”
On the same day, the platform he used to achieve his notoriety, microblogging site Sina Weibo, received a different kind of punishment – from financial markets. The launch of its initial public offering, listing on the Nasdaq stock exchange, achieved a valuation of just $3.8bn, much reduced from earlier ambitions of $7bn-$8bn in March.
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