Stories from Shanghai · China

Director Wang Shenyue is set to present an AI-generated short film at the AI GC Film Festival. His previous work, The Sunflower, was featured at the Shanghai International Film Festival.

Wingtech has posted a $1.3 billion loss following the collapse of an audit by Nexperia. Approximately 57 percent of the company's assets cannot be verified, leading to potential delisting in Shanghai.

Wingtech reported a $1.3 billion loss following the collapse of a Nexperia audit. A filing to the Shanghai bourse indicates that 57% of the company's assets cannot be verified. The company now faces potential delisting from the Shanghai exchange.

The 2026 Shanghai Forest Sleeping Competition was held at Dongping National Forest Park in the Chongming District of Shanghai, China. The event attracted 100 participants of various ages. The competition consisted of eight stages starting on March 21, with six stages occurring on Saturdays from late March through April. Two additional stages are scheduled for May 2 and May 3. Competition hours are set from 12:00 PM to 7:00 PM. Each session runs from 12:00 PM to 7:00 PM. Participants must lie flat with eyes closed to compete. Sleep monitoring devices are connected to the participants to assess deep and light sleep in real time. Data from the participants is displayed simultaneously on a large screen to demonstrate the scientific nature of the competition. Competitors must keep their eyes closed to be judged on sleep quality.

China expects a peak of over 340 million trips nationwide during the upcoming May Day holiday. Shanghai railway stations are projected to see 800,000 departures on the peak day. Rising fuel costs are making overseas travel less affordable for travelers.

Shanghai officials signed a labor rules agreement for the express delivery industry yesterday. Shanghai authorities and industry representatives signed a courier labor rules agreement on April 30.

Liu Zhongming, director of the Shanghai Stem Cell Clinical Translation Research Institute, explained new regulatory pathways for biomedical frontiers. China has implemented new regulations covering gene therapy, somatic cell therapy, and stem cell treatments. The National Medical Products Administration has approved 14 cell and gene therapy drugs for market entry and granted clinical trial permits for several cell therapy products as of April 2026. These regulations aim to formalize the dual-track path of drug development and medical technology application. The new approach aims to bring stem cell clinical research and applications into a more transparent regulatory framework. These medical techniques involve applying biological principles at the cellular and molecular levels to treat or prevent diseases.

The fifth International Consumer City Forum was held in Shanghai on April 30. The event was jointly hosted by the Ministry of Commerce, China Media Group, and the Shanghai Municipal People's Government.

The event is co-hosted by the Shanghai Municipal People's Government. The festival theme is 'Love Shopping in Shanghai' and will run through the Labor Day holiday period. A series of activities will span through the Labor Day holiday and other major consumption periods. The festival includes live streaming events to promote consumer activity. Live streaming events for a better life are being held simultaneously on-site. Over 2,000 departure tax-free stores in Shanghai experienced high demand from foreign tourists during the May holiday. The tax-free threshold was reduced from 500 yuan to 200 yuan. Additionally, the cash tax refund limit was increased from 1,000 yuan to 2,000 yuan to encourage consumer spending.

The Shanghai Railway Bureau Group reported that the Yangtze River Delta will see a passenger peak on May 1 for the International Labor Day holiday. The passenger volume is expected to increase by 432,000 people compared to last year, potentially setting a new single-day record.