UPDATE Official Launch Announcement From National Library of China
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From the South China Morning Post:
The National Library of China will archive over 200 billion public posts on Weibo, the country’s popular Twitter-style microblogging site, as part of an initiative to preserve the digital heritage of the world’s biggest internet population.
More than 210 million news stories published on Sina.com, the news portal operated by the parent company of Weibo Sina Corp, together with 200 billion public posts on Weibo, will be archived under a non-profit project by the national library, according to a statement on Weibo’s official account on government services.
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Data collected from Weibo and Sina.com will be stored on company servers while the national library and Sina will jointly analyse the data for policymaking and academic purposes.