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The Latest Breaking News from Shanghai

China battles karaoke COVID cluster in Shanghai among other outbreaks

China is fighting nascent COVID-19 flare-ups across the country with mass testing and fresh restrictions, including in weary Shanghai where new cases have been linked to a building which houses a karaoke lounge that was operating illegally.

Reuters

Shanghai orders city's karaoke venues to shut after new outbreak

Shanghai has suspended operations of KTV karaoke venues in the city as it tries to stem a recent outbreak from one such location, but other recently reopened cultural venues like libraries will be allowed to stay open, a city official said.

Reuters

COVID and bust: China's private health system hurt by tough coronavirus controls

On March 24, a court in the central Chinese city of Fuyang announced that a $1.5 billion hospital built just four years earlier had filed for bankruptcy because it was unable to pay its debts.

Reuters

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Read Alibaba's Role In Shanghai's Recent Infamous Police Database Hack As China Struggles To Censor Breach News

China has rapidly censored news of the alleged hacking of a Shanghai police database, potentially compromising the personal data of more than one billion people, the Financial Times reports.&nbs

Benzinga

Alleged Chinese police database hack leaks data of 1 billion

Hackers claim to have obtained a trove of data on 1 billion Chinese from a Shanghai police database in a leak that, if confirmed, could be one of the largest data breaches in history

The Independent UK

China's Shanghai announces two new rounds of mass COVID testing

The city of Shanghai on Tuesday announced two new rounds of mass COVID-19 testing of most of its 25 million residents over a three-day period, citing the need to trace infections linked to an outbreak at a karaoke lounge.

Reuters

Hackers claim theft of police info in China’s largest data leak

Unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database, in what industry experts are calling the largest cybersecurity breach in the country’s history.

Tribune News Service

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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

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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Bangkok Post

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.

Benzinga

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…

The Independent UK

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

Asharq Al-Awsat

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,…

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Reuters

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

InsideEVs

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.

ABC News

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.

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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