The Latest Breaking News from Shanghai

The Tesla Giga Shanghai plant in China appears to be gradually recovering its production of sales, although the results are not yet on par with the pre-lockdown level.

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

Shanghai will lock down a district of 2.7 million people on Saturday to conduct mass coronavirus testing, city authorities said, as the Chinese metropolis struggles to fully emerge from punishing curbs. The city eased many restrictions last week, after confining most of its 25 million residents to their homes since…

Shenzhen Component Index closed down 1.85%

Amid the easing COVID-19 restrictions in China, Walt Disney Co's (NYSE: DIS) Disney Resort in Shanghai is set to reopen some retail and park areas from Friday.

China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease

Shanghai Disney Resort said it will reopen some retail and park areas from Friday but the main Disneyland park, Disneytown and its two resort hotels will remain closed until further notice.

(Corrects June 9 story to clarify that Minhang will lock down during testing that will happen on Saturday, not from Thursday until the testing is over)

The city reimposes lockdowns on some residential neighborhoods after determining the virus is once again spreading outside quarantined areas