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The Latest Breaking News from WeChat

Macro Headwinds Accelerate Cango's Drive to Car Trading from Auto Finance

Key Takeaways: Cango’s revenue fell 30% in the first quarter, led by a 74% decline in its legacy auto financing business that the company is de-emphasizing in favor of broader auto trading services

Benzinga

Universal Beijing Resort to Reopen on June 25 as COVID Cases Drop

The Universal Beijing Resort said on Wednesday it will reopen on June 25 after being closed for nearly two months, as the number of new COVID-19 cases in the Chinese capital falls. The resort said on its official WeChat account that after it reopens, all visitors must show a negative…

Asharq Al-Awsat

Macro Headwinds Accelerate Cango's Drive to Car Trading from Auto Finance

Key Takeaways: Cango’s revenue fell 30% in the first quarter, led by a 74% decline in its legacy auto financing business that the company is de-emphasizing in favor of broader auto trading services

Benzinga

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read the most diverse news in one place.

TikTok Says Oracle to Keep US User Data Safe

TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability…

Asharq Al-Awsat

Forever 21 Takes Third Crack at China with New Bricks and Mortar Store

American fast fashion retailer Forever 21 is making its third tilt at the China market, with plans to open a physical store in the country later this month. The brand said on social media platform WeChat that it would open a store "in June" at Jingjiang Impression City shopping center…

Asharq Al-Awsat

China’s Wavering Position on Russia’s Invasion of Ukraine Threatens Its Legacy at Home and Abroad

Beijing’s official policy has remained ambiguously in support of the Russian cause, but against its consequences.

The News Lens

Strategist: Last Australian government lost Chinese votes

A campaign strategist says the previous Australian government’s stance against a more aggressive China drove away many Chinese-Australian voters at recent elections who considered the administration’s language had licensed racism

The Independent UK

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Zhang Mei: Will Inbound Travel Return to China?

China’s international brand images is important to the travel industry, and that’s not something money can buy

Caixin Global

China Will Lose Ability To Access Amazon's Kindle E-Book Store From 2023

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

Benzinga

Amazon to Pull Kindle Out of China

Amazon.com said that from Thursday it will stop supplying retailers in China with its Kindle e-readers and will shut its Kindle e-bookstore in the country next year, the latest pullback by a US tech firm from the restrictive Chinese market. Amazon announced the decision on its official WeChat account on…

Asharq Al-Awsat

Celebrations at midnight as Shanghai reopens after draconian two-month COVID-19 lockdown

Small groups have gathered in Shanghai's former French Concession neighbourhood at midnight, whistling, shouting "ban lifted" and clinking glasses of champagne.

ABC News

After Two Months, a Scarred Shanghai’s COVID-19 Lockdown Ends

Following two months of frustration, despair and economic loss, Shanghai's draconian COVID-19 lockdown ended at midnight on Wednesday morning, prompting celebrations tempered with fear that an outbreak could return. Most of Shanghai's 25 million residents can now freely leave home, return to work, use public transport and drive their cars…

Asharq Al-Awsat

After two months, a scarred Shanghai's COVID-19 lockdown ends

Reuters

Chinese Social Media Weibo Bans Another Business Leader After He Questions China's Zero Covid Policy

Weibo Corp (NASDAQ:WB) banned Trip.Com Group Limited (NASDAQ:TCOM) co-founder and Chair James Liang for alleged violation of laws, Reuters reports. The social media company neither elaborated on the violation nor cited the reasons behind the ban. Liang had recently questioned the wisdom of the country's zero-COVID strategy as the country's Presidential election draws closer. Also…

Benzinga

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news in one place.

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ABC News

Chinese-language publisher offers election candidates gushing praise on WeChat. But the flattery comes with a price tag

A mysterious media agency is behind a fee-for-service offering to federal election candidates, including Treasurer Josh Frydenberg, placement of favourable news articles and interviews on the Chinese-language social media platform WeChat.

Asharq Al-Awsat

China Eastern Crash Probe Looks into Crew Actions

Investigators looking into the crash of a China Eastern Airlines jet are examining the actions of the crew on the flight deck, with no evidence found of a technical malfunction, two people briefed on the matter said. In mainland China's deadliest aviation disaster for 28 years, the Boeing 737-800 crashed…

Reuters

Shanghai residents leverage Excel skills, management savvy to navigate lockdown

China's worst COVID-19 outbreak has frayed nerves and stirred resentment among many residents of Shanghai but some have thrived in the face of adversity, stepping up with bright ideas and commitment to help their communities through the crisis.

The Guardian - AU

Alan Tudge emerges on WeChat to respond to questions about ‘toxic gender ideology’

Coalition MP, who has been absent from the campaign, stars in three-minute video telling voters to ‘think carefully who you will vote for’

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The Guardian - AU

Chinese-speaking voters critical of Coalition’s ‘militaristic’ stance on China in lead-up to 2022 election, WeChat study shows

Labor also faces criticism, but Albanese is gaining ground in news coverage on Chinese social media platform, research finds

Benzinga

Shanghai High Court Deems Bitcoin 'Virtual Property'

The Shanghai High People’s Court classified Bitcoin (CRYPTO: BTC) as virtual property protected by Chinese law despite a nationwide cryptocurrency trading ban still in place.

The Guardian - AU

‘Sydney Daddy’: why the Chinese-language YouTube shock jock wears a mask in public

Edgar Lu’s talk-back YouTube show is popular worldwide amongst the Chinese diaspora but he has critics, in China and closer to home

The Guardian - AU

Morning mail: WeChat posts attack Labor, coral bleaching survey results, Uber drivers squeezed

Wednesday: Unauthorised posters on WeChat warn Labor wants to ‘destroy Chinese wealth’. Plus: Twitter ban on Trump set to be lifted under Musk

The Guardian - AU

A Swiss army knife app: what is WeChat and how is it being used in Australia’s 2022 federal election?

With three million users across the country, including politicians and media, the network could play a pivotal role in determining who wins

The Guardian - AU

WeChat posts spread misinformation saying Labor plans ‘to turn children gay’ and ‘destroy Chinese wealth’

Well-produced posters designed for digital platform carry no authorisation, but mostly support Liberal party

The Conversation

China’s COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China remains locked in a COVID crisis. Around 400 million people are currently thought to be living under some form of lockdown across the country. One of China’s largest cities, Shanghai,…

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