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The Latest Breaking News from Shanghai

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 2.29% to $117.38 Wednesday morning. Shares of Chinese companies at large are trading lower after Shanghai announced it will be conducting mass COVID-19 testing in several districts following a rise in cases.

Benzinga

Why Nio Stock Is Falling Today

Nio Inc - ADR (NYSE: NIO) shares are trading lower by 6.40% to $20.77 Wednesday morning. Shares of Chinese companies at large are trading lower after Shanghai announced it will be conducting mass COVID-19 testing in several districts following a rise in cases.

Benzinga

Report: Tesla Accelerated Production And Sales In China To New Record

It seems that Tesla has not only recovered production at the Giga Shanghai plant in China, but even set a new monthly record in June.

InsideEVs

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Shanghai, Beijing order new round of mass COVID-19 testing

Residents of parts of Shanghai and Beijing have been ordered to undergo further rounds of COVID-19 testing following the discovery of new cases in the two cities

The Independent UK

Fresh Covid Outbreaks Put Millions Under Lockdown in China

Tens of millions of people were under lockdown in China on Wednesday as businesses in a major tourist city were forced to shut their doors and fresh clusters sparked fears of a return to blanket restrictions. Health authorities reported over 300 infections Wednesday, with clusters found in the historic northern…

Asharq Al-Awsat

Hackers offer data on 1 billion Chinese after alleged leak

Experts say alleged leak from Shanghai police database could be among largest data breaches in history.

Al Jazeera

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

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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

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

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

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The Independent UK

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

Caixin Global

Shanghai Composite Index Rose 0.53% on Monday

Shenzhen Component Index closed up 1.29%

Reuters

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.

The Independent UK

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

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Caixin Global

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

Tribune News Service

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.

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,…

Reuters

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

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