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The Latest Breaking News from Weibo

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

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…

Asharq Al-Awsat

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

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Alarm in Beijing after announcement zero-Covid policy may last five years

Communist party official posts notice saying mass mandatory testing and travel curbs will continue

The Guardian - UK

As China shuts out the world, internet access from abroad gets harder too

TAIPEI, Taiwan — Most internet users trying to get past China's Great Firewall search for a cyber tunnel that will take them outside censorship restrictions to the wider web. But Vincent Brussee is looking for a way in, so he can better glimpse what life is like under the Communist…

Los Angeles Times

Two test drivers killed as Nio electric car plummets out of office building in Shanghai

Social media users criticised Nio’s statement claiming the incident was an “accident” not caused by issues with the vehicle

Evening Standard

Two killed as Nio electric car falls from third floor office in Shanghai

The passengers lost control of the car in the parking area before they smashed through the windows

The Independent UK

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Diablo Immortal delayed in China just days before launch

This delay comes after Diablo Immortal's official account on Weibo was banned.

USA Today Sports Media Group

China's Lipstick King Austin Li was a rich influencer adored by Beijing officials. One mistake triggered his downfall

Austin Li was beloved by young shoppers and the Chinese Communist Party. But when he tried to sell an ice cream cake to millions of his followers, everything went wrong.

ABC News

University tells students they can pass their swimming test ONLINE due to Covid outbreak

One hilarious social media user clad himself in goggles and speedos before "swimming" on his bed after Shanghai Univeristy moved its practical swimming course online

Daily Mirror

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

Assault of women at restaurant in China leads to police crackdown as more victims of violence come forward

Officials in Tangshan launched anti-crime campaign "Thunderstorm" in response to the attack, after vision of the incident online triggered outrage on Chinese social media site Weibo.

ABC News

Chinese Canadian pop star Kris Wu faces rape charge in court

Chinese Canadian pop star Kris Wu has faced rape and other criminal charges at a closed trial as China was in uproar over a video showing a group of men physically assaulting four women in another city

The Independent UK

Chinese police arrest nine after vicious attack on female diners at restaurant in Hebei province

The treatment of women is in the spotlight in China following a group of men savagely attacking female diners, with footage of the incident going viral online.

ABC News

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Evening Standard

Chinese police arrest nine after women brutally attacked at restaurant

The attack has sparked a public outcry about the mistreatment of women in China

Reuters

Footage of women's beating sparks outrage in China

Surveillance footage of men assaulting women at a restaurant in the northeastern city of Tangshan has unleashed a flood of outrage on Chinese social media, prompting state media calls for punishment and renewing a debate over the treatment of women.

The Independent UK

China's online "tank" cake snafu raises Tiananmen questions

An online snafu involving China’s most popular e-commerce livestreamer and a cake decorated to look like a tank has raised questions among some Chinese over the violent crackdown on pro-democracy protests in Beijing's Tiananmen Square on June 4, 1989

ABC News

Nike to end its Run Club app in China in the latest retreat by a US brand

The world's largest sportswear brand will be discontinuing its running app in China come July, in a move that follows other mega US brands exiting the Chinese market.

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news in one place.

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Benzinga

Weibo: Q1 Earnings Insights

Weibo (NASDAQ:WB) reported its Q1 earnings results on Wednesday, June 1, 2022 at 05:00 AM. Here's what investors need to know about the announcement.

Benzinga

Weibo Shares Gain On Q1 Beat Aided By User Base, Traffic

Weibo Corp (NASDAQ:WB) reported first-quarter FY22 revenue growth of 6% year-on-year to $484.6 million, beating the consensus of $473.98 million. Revenue grew 3% Y/Y on a CC basis. Segments: Weibo's Advertising and marketing revenues rose 10% Y/Y to $427.1 million. Value-added service (VAS) revenues decreased 17% Y/Y to $57.5 million. Drivers: Monthly active users (MAUs)…

Benzinga

Weibo's Earnings: A Preview

Weibo (NASDAQ:WB) is set to give its latest quarterly earnings report on Wednesday, 2022-06-01. Here's what investors need to know before the announcement. Analysts estimate that Weibo will report an earnings per share (EPS) of $0.46.

Benzinga

Earnings Preview: Weibo

Weibo (NASDAQ:WB) is set to give its latest quarterly earnings report on Monday, 2022-05-30. Here's what investors need to know before the announcement. Analysts estimate that Weibo will report an earnings per share (EPS) of $0.46.

Reuters

No work and nowhere to live: a rural migrant's ordeal in locked-down Shanghai

When Shanghai began its draconian COVID-19 lockdown two months ago, the French restaurant where Sun Wu waited tables closed and the 22-year-old, like countless other rural migrants, lost his job.

Benzinga

Xpeng CEO Uses Psyduck Pokemon to Vent Frustration Over Chip Shortage

U.S.-listed Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) on Thursday used a Psyduck Pokemon toy as a prop to express his frustration over the ongoing chip shortages, CnEVpost

Benzinga

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…

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