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The Latest Breaking News from Weibo

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

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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.

Benzinga

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.

Reuters

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…

Benzinga

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Five bizarre monkeypox conspiracy theories debunked

Misinformation on the new outbreak has already begun to spread on social media

The Independent UK

Monkeypox outbreak: Bizarre theory accusing US of creating virus in lab goes viral on Chinese social media

Pro-Chinese Communist Party influencers have spread conspiracies about outbreak

The Independent UK

Shanghai makes way towards COVID lockdown exit, Beijing plays defence

Shanghai cautiously pushed ahead on Saturday with plans to restore part of its transport network in a major step towards exiting a weeks-long COVID-19 lockdown, while Beijing kept up its defences in an outbreak that has persisted for a month.

Reuters

Analyst Ratings for Weibo

Within the last quarter, Weibo (NASDAQ:WB) has observed the following analyst ratings:

Benzinga

Half of Shanghai achieves 'zero COVID'; city presses on with 'unsustainable' fight

China hit back on Wednesday against what it called "irresponsible" comments by the head of the World Health Organization, who described the country's uncompromising and increasingly painful "zero COVID" policy as "not sustainable."

Reuters

China’s pro-Russia propaganda exposed by online activists

Mistranslations falsely blame Ukrainians for atrocities perpetrated by Russian forces against civilians

The Guardian - UK

Chaos at Apple supplier Quanta shows strains of Shanghai COVID lockdown

Quanta Shanghai Manufacturing City would seem like an ideal site to implement China's "closed-loop" management system to prevent the spread of COVID that requires staff to live and work on-site in a secure bubble.

Reuters

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Reuters

China analyst leaves state-owned brokerage after bearish commentaries

Hong Hao, a managing director and head of research at Bank of Communications International Holdings Co (BoCom International), has left the brokerage, a spokesperson for the firm told Reuters on Wednesday.

ABC News

Outcry in China after Shanghai aged care resident was wrongly declared dead and sent to morgue in body bag

Five people are under investigation after an elderly resident at the care home was mistakenly declared dead, placed in a body bag and loaded into a car bound for the morgue.

Reuters

Setback for Shanghai's COVID battle as Beijing ramps up mass testing

China's commercial capital of Shanghai was dealt a blow on Monday as authorities reported 58 new COVID-19 cases outside areas under strict lockdown, while Beijing pressed on with testing millions of people on a May Day holiday few were celebrating.

Reuters

Outspoken market analyst's Chinese social media accounts suspended

The Chinese social media accounts of an outspoken Hong Kong-based market strategist were suspended after a series of downbeat commentaries and a slump in mainland equities to two-year lows on COVID-19 lockdowns and global political tensions.

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Al Jazeera

‘Like Wuhan all over again’: As Shanghai protests, China censors

Shanghai’s COVID-19 lockdown has fuelled outrage on a scale not seen since 2020 after the virus first began to spread.

ABC News

Beijing locals buy fridges, stockpile food after Shanghai residents warn COVID outbreak will 'get serious'

As health authorities continue mass testing nearly 22 million people in Beijing to curb a COVID-19 outbreak, the city's residents are stockpiling food and other basic goods.

The Guardian - AU

Beijing halts weddings and funerals and closes schools in Covid fightback

Stockpiling rife as city acts in attempt to avoid Shanghai-style lockdown

Benzinga

Analysis: Will Elon Musk's Twitter Kowtow To Chinese Communist Party Influence?

When Elon Musk first notified the U.S.

Al Jazeera

Shanghai authorities fence off COVID-hit areas, sparking outrage

China’s most populous city, Shanghai, is battling the country’s biggest COVID-19 outbreak.

Bangkok Post

Shanghai fences up Covid-hit areas, fuelling fresh outcry

SHANGHAI: Shanghai authorities battling an outbreak of Covid-19 have erected fences outside residential buildings, sparking fresh public outcry over a lockdown that has forced much of the city's 25 million people indoors.

ABC News

China critics get creative after Beijing scrubs viral video of angry Shanghai residents from social media

Social media users try innovative ways to get around Beijing's censors to share video of residents complaining about the lack of food and medicine and heavy-handed tactics in locked-down Shanghai.

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