A sharp drop in hotel room prices as the pandemic barred the way for big-spending foreign tourists dragged the city down below Shanghai, London and Taipei. Hong Kong’s hospitality industry suffered a ... ( read original story ...)
Shanghai orders mass COVID testing each weekend until end-July
Shanghai will require all of its 16 districts to organise mass COVID testing for residents every weekend until the end of July, a city official said on Wednesday. Zhao Dandan said that said that all ... ( read original story ...)
China regulator denies Ant Group restarting IPO
The prospect of Alibaba’s listing of its financial arm Ant Group moving forward after an 18-month delay was dampened by the securities regulator denying it is looking at resuming the IPO. In a brief ... ( read original story ...)
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A vast majority of U.S. firms in Shanghai are cutting revenue forecasts for 2022 in the wake of “zero-Covid” policies that left much of the international business hub of 26 million people locked down ... ( read original story ...)
Shanghai lockdown sees quarter of US firms cut investment plans
SHANGHAI: Shanghai's lengthy Covid-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday. ( read original story ...)
US Companies Still Not Fully Operating After Shanghai Lockdown
The majority of US businesses in Shanghai have resumed operations following the city’s tough coronavirus lockdown, but their levels of activity are well-below normal due to continued restrictions on ... ( read original story ...)
Will Portland’s Shanghai Tunnels Close for Good?
If you’ve ever stepped foot in the Shanghai Tunnels—the network of decrepit tunnels that run below the streets of Old Town—then you’re familiar with the nefarious history that clings to Portland’s ... ( read original story ...)