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The Latest Breaking News from 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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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

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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

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.

Reuters

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.

ABC News

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

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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.

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

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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.

The Guardian - AU

China internet censors scramble as lockdown frustration sparks ‘creative’ wave of dissent

Experts say volume of dissent from Shanghai over zero-Covid measures challenging attempts to control information

Benzinga

Tesla's Giga Shanghai To Resume Operation Beginning Monday Following Protracted Shutdown: Report

Following a three-week shutdown, Tesla Inc.'s (NASDAQ: TSLA) Giga Shanghai could possibly resume operations sooner rather than later.

Asharq Al-Awsat

Growing Defiance of COVID Curbs in China Brings Wave of Arrests

Sun Jian, a 37-year-old master's degree student in the Chinese city of Yantai, for months staged a solo campaign against his university's COVID-19 prevention measures, including blistering criticism on social media. The last straw for authorities came on March 27, when Sun walked around his campus carrying a placard that…

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