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The Latest Breaking News from Shanghai

Hacker Claims to Have Stolen 1 Bln Records of Chinese Citizens from Police

A hacker has claimed to have procured a trove of personal information from the Shanghai police on one billion Chinese citizens, which tech experts say, if true, would be one of the biggest data breaches in history. The anonymous internet user, identified as "ChinaDan", posted on hacker forum Breach Forums…

Asharq Al-Awsat

Air New Zealand operates 13-hour flight to nowhere due to fault with plane windscreen

The crew of an Air New Zealand flight opted to do a U-turn 4 and a half hours after take off rather than continue journey to Shanghai

The Independent UK

Shanghai Composite Index Rose 0.53% on Monday

Shenzhen Component Index closed up 1.29%

Caixin Global

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Several eastern Chinese areas in mass COVID testing to curb new waves of infections

Parts of eastern China are running fresh rounds of mass COVID-19 testing, as the country faces new waves of infections while recovering from impact of the spring outbreaks that hit Beijing and Shanghai.

Reuters

Asian shares mixed, oil steady ahead of July 4 holiday in US

Shares are mixed in Asia while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in Tokyo, Shanghai and Sydney but fell in Hong Kong and Seoul

The Independent UK

Shanghai Influencer Charged for Operating Bogus Online ETF Trading Platform

The accused, identified only as Xu, allegedly lured investors to make trades totaling $4.5 million, often resulting in heavy losses

Caixin Global

Tesla braces for delivery slump on China plant shutdown

Tesla Inc. is expected to announce quarterly production and delivery figures this weekend that will likely be among the worst of the year — and break its multi-quarter streak of record-setting results — due largely to an extended shutdown of its factory in Shanghai.

Tribune News Service

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Overseas flights in high demand as Shanghai resumes international travel

HONG KONG: Students and expatriates in China are rushing to fly abroad after Shanghai's largest airport opened to a handful of international flights this week, as the city gradually recovers from a two-month lockdown and the country eases inbound quarantine rules.

Bangkok Post

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Benzinga

COVID restrictions ease in Shanghai as case numbers drop

Shanghai is reopening its Disney Resort theme park and getting ready to allow in-person dining

The Independent UK

Shanghai Disneyland Theme Park Re-Opens after Three-Month Closure

More than a thousand visitors streamed in on Thursday as Walt Disney Co's Shanghai Disney Resort theme park opened after a closure of three months, with face masks and social distancing the order of the day. The park shut on March 21 as cases rose in the Chinese business hub,…

Asharq Al-Awsat

Shanghai Disneyland theme park re-opens after three-month closure

Reuters

Volkswagen Boss Herbert Diess: New Plants Will Drain Tesla's Strength

Herbert Diess said that Tesla's issues at the Giga Berlinand Giga Austin plants, plus expansion of Giga Shanghai, will drain strength out of Tesla.

InsideEVs

China slashes COVID-19 quarantine time by half for international travellers

Beijing says the new rules are designed to make coronavirus restrictions more "scientific and precise" while the country sticks with its COVID-zero principle.

ABC News

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Caixin Global

Shanghai Composite Index Fell 1.4% on Wednesday

Shenzhen Component Index closed down 2.2%

Reuters

Widespread relief for Shanghai's restaurant sector as dine-in resumes

Restaurants and eateries in China's largest city Shanghai begun reopening their doors to diners on Wednesday, bringing widespread relief to an industry that was badly hit by the city's two month COVID-19 lockdown.

Benzinga

Disney To Reopen Shanghai Theme Park On June 30

The Walt Disney Co. (NYSE: DIS) will reopen its Shanghai Disneyland theme park on June 30, three months after the site was closed during the COVID lockdowns that paralyzed the Chinese city.

Tribune News Service

China cuts travel quarantine in biggest COVID zero shift yet

China reduced quarantine times for inbound travelers by half, the biggest shift yet in a COVID-19 policy that has left the world’s second-largest economy isolated as it continues to try and eliminate the virus.

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Daily Mirror

Woman rescues stray 'puppy' from garden - then expert confirms it's not a dog

Hu Nan, from Shanghai, China, found an abandoned 'puppy' in her garden and raised it for two months before an animal expert confirmed it was actually a raccoon dog

Asharq Al-Awsat

Shanghai Disney Resort Says to Reopen Disneyland Theme Park on June 30

The Shanghai Disney Resort said on Tuesday it will reopen Disneyland theme park on June 30. "The magic is back!" the company said on its Weibo account. The Resort reopened Disneytown and Shanghai Disneyland Hotel on June 16. Shanghai Disney Resort has been closed since March 21 due to the…

Reuters

China slashes COVID quarantine time for international travellers

China slashed the quarantine time for inbound travellers by half on Tuesday, in a major easing of COVID-19 curbs that have deterred cross-border travel and resulted in international flights running at just 2% of pre-pandemic levels.

Reuters

Shanghai's Disneyland theme park to re-open on Thursday

The Walt Disney Co's Shanghai Disney Resort said on Tuesday it would reopen the Disneyland theme park on June 30, a month after the Chinese economic hub lifted a two month-long COVID-19 lockdown.

Investors Business Daily

Tesla's Shanghai, Berlin Plants Pause Production; Tesla Stock Up Despite Q2 Deliveries Miss

Tesla deliveries for the second quarter declined vs. Q1 due to Shanghai plant production woes.

Investors Business Daily

China EV Sales Boom In Q2 But Tesla Rivals BYD, Nio Stock Lag As New Headwind, Power Day Loom

China EV sales jumped in June and Q2 for BYD, Nio, Xpeng and Li Auto, as Covid headwinds ease. Tesla rivals BYD and LI stock are in buy zones.

InsideEVs

Report: Tesla Will Upgrade Its Plant In Shanghai To Boost Production

The Tesla Giga Shanghai plant barely returned to volume production after several weeks of lockdowns, but must halt production once more.

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