The Latest Breaking News from Shanghai

League of Legends team forced to replay matches they won after technical fault

In a post, Riot explained that the consistent 35 ping from Shanghai was meant to be matched in Busan for teams playing against RNG. Unfortunately, the emulation of this ping level in Busan was not consistent, leading to teams having variable ping against RNG.

USA Today Sports Media Group · May 13, 2022

As Shanghai nears end of lockdown, China's Covid angst grows

BEIJING: After six weeks of confining people to their homes, enduring food shortages and the constant fear of being forcibly hauled away, Shanghai's lockdown appears to have an end date. But China's increasingly fraught battle with Covid-19 is far from over.

The Times of India · May 13, 2022

China doubles down: Can Xi Jinping stick to zero-Covid policy?

Can China have it both ways? Can it keep out Covid-19 and maintain robust growth in the run-up to a crucial Communist Party congress in the autumn, one that could make Xi Jinping president for life? Beijing seems to think the answer is yes as it doubles down on coronavirus…

France 24 · May 13, 2022

Camtek Clocks 35% Revenue Growth In Q1 Backed By Robust Order Flow Amid China's Covid Lockdown, Global Tensions

Camtek Ltd (NASDAQ:CAMT) reported first-quarter FY22 revenue growth of 35% year-on-year to $77.17 million, marginally beating the consensus of $77 million. The non-GAAP gross margin expanded 130 bps to 52%. The non-GAAP operating margin expanded by 160 bps to 28.8%. Non-GAAP EPS of $0.44 missed the consensus of $0.45. The company held $428.3…

Benzinga · May 12, 2022

Elon Musk praises Chinese workers for ‘burning the 3am oil’ – here’s what that really looks like

Tesla’s massive Shanghai ‘Giga-factory’ pushes its workers to the limit to meet production targets amid an ongoing pandemic lockdown

The Guardian - US · May 12, 2022

Shanghai Composite Index Fell 0.12% on Thursday

Shenzhen Component Index closed down 0.13%

Caixin Global · May 12, 2022

Beijing denies lockdown rumours as Shanghai hunts elusive COVID

Beijing denied it was heading for lockdown as panic buying gripped the capital on Thursday, while Shanghai combed the city for lingering COVID-19 cases in the hope of clearing the way to escape from weeks of painful restrictions.

Reuters · May 12, 2022

China fights economic slump, sticks to costly 'zero COVID'

China’s leaders are struggling to reverse a deepening economic slump without giving up a “zero-COVID” strategy that shut down Shanghai and other cities

The Independent UK · May 12, 2022

Can Xi Jinping vanquish Covid without crushing China’s economy?

In a crucial political year, a series of open-ended lockdowns have heaped pressure on struggling businesses

Financial Times · May 12, 2022

At mercy of zealous residential committees, Shanghai's locked-down vent frustration

Last week, Elizabeth Liu and her husband were excited about the prospect of leaving their Shanghai residential compound for the first time in over a month. All but one building in the compound had just been reclassified as low risk after 14 days of no COVID cases.

Reuters · May 12, 2022