Chinese Social Media Weibo Bans Another Business Leader After He Questions China's Zero Covid Policy - Trip.com Group (NASDAQ:TCOM)

Weibo Corp (NASDAQ:WB) banned Trip.Com Group Limited (NASDAQ:TCOM) co-founder and Chair James Liang for alleged violation of laws, Reuters reports.
The social media company neither elaborated on the violation nor cited the reasons behind the ban.
Liang had recently questioned the wisdom of the country's zero-COVID strategy as the country's Presidential election draws closer.
Also Read: Chinese Analyst Who Projected Bearish Reports On Alibaba And Other Chinese Stocks Returns To Twitter
China had already tightened censorship under Chinese President Xi Jinping.
Last week, Tencent Holding Ltd (OTC:TCEHY) WeChat published a piece by Liang that debated the overly cautious epidemic prevention policies leading to more significant pain on the economy and people's life expectancies than the virus itself.
WeChat subsequently removed Liang's post.
Liang previously highlighted the Omicron variant's low death rate challenging the tight COVID policy that could hurt the economy.
Liang has remained active on Weibo amid a tightening regulatory environment during the past two years, unlike most other outspoken Chinese business leaders who have gone private on social media or stopped posting altogether.
Price Action: TCOM shares traded lower by 4.18% at $19.48 on the last check Tuesday.

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Weibo Corp (NASDAQ:WB) banned Trip.Com Group Limited (NASDAQ:TCOM) co-founder and Chair James Liang for alleged violation of laws, Reuters reports.
The social media company neither elaborated on the violation nor cited the reasons behind the ban.
Liang had recently questioned the wisdom of the country's zero-COVID strategy as the country's Presidential election draws closer.
Also Read: Chinese Analyst Who Projected Bearish Reports On Alibaba And Other Chinese Stocks Returns To Twitter
China had already tightened censorship under Chinese President Xi Jinping.
Last week, Tencent Holding Ltd (OTC:TCEHY) WeChat published a piece by Liang that debated the overly cautious epidemic prevention policies leading to more significant pain on the economy and people's life expectancies than the virus itself.
WeChat subsequently removed Liang's post.
Liang previously highlighted the Omicron variant's low death rate challenging the tight COVID policy that could hurt the economy.
Liang has remained active on Weibo amid a tightening regulatory environment during the past two years, unlike most other outspoken Chinese business leaders who have gone private on social media or stopped posting altogether.
Price Action: TCOM shares traded lower by 4.18% at $19.48 on the last check Tuesday.

To add Benzinga News as your preferred source on Google, click here.