Shanghai Disney shut amid record daily local COVID infections

Shanghai Disney shut amid record daily local COVID infections

The Shanghai Disney Resort said on Sunday it will temporarily close until further notice starting Monday; citing the new coronavirus outbreak in China.

 

Due to the current pandemic situation, Shanghai Disney Resort, including Shanghai Disneyland, Disneytown and Wishing Star Park will be temporarily closed from Monday, March 21, 2022,” it said in a statement.

“We will continue to monitor the pandemic situation and consult local authorities, and will notify guests; as soon as we have a confirmed date to resume operations,” it added.

ALSO READ: Florida governor DeSantis criticises ‘woke’ Disney, claims it has cozy ties with China

 

China is fighting its biggest wave of locally transmitted Covid cases since it contained the initial outbreak centered on Wuhan in 2020.

 

Shanghai has shut schools and launched a city-wide testing program; that has seen dozens of residential compounds sealed off for at least 48 hours.

 

On Sunday, mainland China reported 1,656 new locally transmitted cases for March 19.

 

In other news, Chinese e-commerce giant Alibaba Group Holding said on Tuesday in a filing to the Hong Kong Stock Exchange that it has up-sized its share buyback program from $15 billion to $25 billion.

 

The company said it had already re-purchased about $9.2 billion of its U.S.-listed shares as of March 18 under its program.

 

The share repurchase program will be effective for a two-year period through March 2024, according to the filing.

 

Alibaba’s shares had slumped in December 2020; after the then buyback amount of $10 billion failed to ease concerns about the company’s future.

About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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