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home / news releases / WB - Trip.com falls after report co-founder banned from Weibo

WB - Trip.com falls after report co-founder banned from Weibo

Weibo Corporation
Trip.com (NASDAQ:TCOM) dropped 3.1% in premarket trading on a report that the the company's co-founder was banned from posting on China social media platform Weibo (WB). James Liang, who is also the chairman of Trip.com (TCOM)  and has questioned China's zero-Covid strategy, was banned for violating laws, according to a Reuters report. The exact laws that Liang allegedly violated weren't provided. Liang's Weibo account displays a statement that the user is blocked for "violating relevant laws and regulations," according to the report. Also see SA contributor Hohaf Investments piece entitled "Trip.com Group: Artificial Technologies And New Products Could Push The Price Up."

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Trip.com falls after report co-founder banned from Weibo
Stock Information
Company Name: Weibo Corporation
Stock Symbol: WB
Market: NASDAQ
Website: ir.weibo.com
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