Stories from Shanghai · China

The controlling executive of a star weight loss drug company is under investigation for market manipulation.

A father has died during a kindergarten marathon event in China. Emergency services were reportedly present at the event.

An animation studio has hired a 19-year-old junior animator who has been working for over two years.

A Chinese court dismissed a bank's lawsuit seeking 500,000 yuan from a 2-year-old boy for his grandfather's loan.

Experts are warning about China's "nibbling tactics" and urging Australia and its partners to speak out against these risks.

Mr. Ngo Van Tuan has been appointed as the Minister of Finance for the 2026-2031 term. Banks are competing to establish strongholds in the International Financial Center, focusing on cross-border finance and AI+finance. This appointment signifies a change in financial leadership. A new Finance Minister has been appointed in Vietnam. The identity of the new minister and the specific reasons for the appointment were not disclosed. The source did not specify the individual's name or the country where the appointment took place.

A Shanghai driver is disputing a fine for failing to yield to a pedestrian, claiming he does not acknowledge the violation. The source reported the driver believes the fine was issued unfairly. A driver in Shanghai is contesting a traffic fine for failing to yield, challenging the citation's validity.

The total number of skilled talents in Shanghai has reached 4 million. The number of highly skilled talents with certificates has increased at an average annual rate. The influx of talent is expected to drive economic development. The source did not specify the timeframe for this achievement or the criteria for 'skilled talents'. This achievement highlights the city's growing pool of expertise and its focus on attracting and retaining skilled professionals.

NIO's stock experienced a jump overnight following Deutsche Bank's projection of a 304% profit growth outlook for the company. This surge occurred despite ongoing concerns regarding Pentagon military designations. This positive outlook has boosted investor sentiment. Shares of electric vehicle maker NIO have surged following an improved profit outlook. The company did not provide specific details on the factors driving the positive outlook. Nio's stock price dropped 12% in May, despite the electric vehicle manufacturer reporting a 129% growth in EV sales during the same period. The stock decline occurred Tuesday. The market reaction suggests investor concerns beyond immediate sales figures.

The Shanghai team has won the CBA championship, defeating Zhejiang Guangsha in the finals. This victory marks their second CBA title and first in 24 years. Shanghai has won the Chinese Basketball Association championship, ending a 24-year drought. Fans celebrated the long-awaited championship win.